Foreclosure Avoidance Option -6

Foreclosure Avoidance Options


Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #6:  BANKRUPTCY

Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.


If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.