If you are significantly behind on your mortgage payments, you probably have some options available to you through your lender. Your lender might be willing to work with you by modifying your loan or setting up a plan through which you can get caught up on your payments. This all sounds good, but what happens if your mortgage is not the only obligation you are behind on? Many people who are delinquent on their house payments are also struggling with other types of debt too.
In some cases, the debt issues are so problematic that foreclosure becomes an imminent possibility.
Continue Reading Filing for Bankruptcy Will Pause Foreclosure Proceedings