Bankruptcy Court More Effective Than Loan Modification Efforts

Homeowners are finding that obtaining a loan modification even with an attorney’s assistance is costly, lengthy and only 50% successful. Filing for bankruptcy has become a viable option for consumers earning an income but facing foreclosure.

Helping a client file for Chapter 13 bankruptcy and putting together a plan allowing the homeowner to catch up on mortgage arrears beats the loan modification process which “has no teeth.”

http://www.post-gazette.com/pg/10354/1111554-499.stm

http://www.maxbankruptcybootcamp.com/why-hamp-should-be-of-interest-to-boot-campers