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Tag Archives: home foreclosures

Study Shows Bankruptcy Really Is the Most Effective Way to Stop Foreclosure

Nobody looks forward to filing for bankruptcy. But when it comes to saving your home from foreclosure, bankruptcy really can be your best friend. A recent study by the University of North Carolina concluded that homeowners in foreclosure reduced their chances of losing their homes by 70 percent when they filed for bankruptcy protection. Bankruptcy… Read More »

When Should I Consider Modifying My Mortgage?

Many people who have fallen behind on their mortgage payments may ask themselves, “Should I modify my mortgage?”  Try considering several factors to decide whether loan modification is right for your situation. First, understand that a loan modification is a new agreement with your mortgage provider that alters the original terms of your mortgage loan…. Read More »