The Bankruptcy Adviser
By Justin Harelik
Bankrate.com
Even after your lender sends a default letter, there are still ways to keep your
house. There are also ways to make the situation worse, warns the Bankruptcy
Adviser.
7 possible do’s when foreclosure looms:
1. Sell the property.
2. Work out a deal.
3. Refinance with a subprime lender.
4. File Chapter 7 bankruptcy.
5. File Chapter 13 bankruptcy.
6. Short sale/deed in lieu of foreclosure.
7. Walk away from the house.
2 don’ts when foreclosure looms:
1. Signing over your property title to another
company.
2. Taking a high-interest second mortgage.
Click Here to view the article in it’s entirety, there is some good information that you may not know about.
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