Foreclosure Rates Are Up! Can Bankruptcy Help?
By Kevin Gipson, New Orleans Bankruptcy Attorney on Nov 1, 2007 in Benefits of Bankruptcy, Collection Issues, Consumer Protection, Foreclosure Issues, General Bankruptcy Information, Louisiana, Personal Finance
Writer, Keisha Lamothe, in an article for CNNMoney.com entitled “Foreclosures: Moving on up” reports that foreclosure filings rose during the third quarter of 2007, increasing by 30% over foreclosures in the second quarter.
The article, based largely on a report by RealtyTrac, further noted that the number of foreclosures nearly doubled from this time last year and is expected to remain high over the next year.
The numbers are staggering: More than 635,000 foreclosure ( 1 of every 196 households) through the third quarter.
Bankruptcy can provide you with options to stop a foreclosure. If you need advise on foreclosure issues or other debt related issues, contact a consumer bankruptcy attorney such as the one of the attorney’s in the Bankruptcy Law Network.
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