Category: Foreclosure

Avoiding Foreclosure: Declaring Bankruptcy Sometimes Helps

Posted by admin in Articles, Foreclosure on July 28, 2010

Americans are increasingly filing for bankruptcy in order to avoid foreclosure.

Katherine Porter, a bankruptcy expert at Harvard Law School, estimates that 75 percent of Chapter 13 filings fall into this category. “Despite all the government programs, bankruptcy is probably the most commonly used foreclosure prevention technique,” Porter tells HousingWatch.    read entire article on housingwatch.com

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Biggest Defaulters on Mortgages Are the Rich

Posted by admin in Articles, Foreclosure on July 11, 2010

Biggest Defaulters on Mortgages Are the Rich
By DAVID STREITFELD
Published: July 8, 2010 on NYtimes.com

The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley.

read entire article on NYtimes.com

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