With the collapse of home values several years ago, many people have had to watch as their most major investment became their greatest liability. Before the housing collapse, many people used the ever increasing value of their homes to fund home improvements and other more expensive endeavors.
When home prices started to fall, many people soon owed more than their home was worth. Being "underwater" on your mortgage became the norm in many regions of the country. A plague of foreclosures began soon after.
Our firm has been helping individuals and families gain the full benefit of the bankruptcy code for over 25 years. Our attorneys can explain how Chapter 7 bankruptcy and Chapter 13 bankruptcy can help you stop foreclosure.