Bankruptcy : Mortgage Foreclosures Trending Upward in United States
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Blogged date : 2006 Dec 07
Mortgage foreclosures in the United States have increased 43% in the last year, according to data from the Q3 2006 U.S. Foreclosure Market Report. The report indicates that 318,355 properties nationwide entered some stage of foreclosure during the third quarter of 2006. This increase in mortgage foreclosures reveals an unfortunate situation in the United States as many families are struggling to meet monthly mortgage payments in these hard economic times. With that said, filing for bankruptcy may be a viable solution for avoiding foreclosure on your home. Speaking with a local bankruptcy attorney is a smart way to assess your current financial situation and determine whether a Chapter 13 bankruptcy plan could help you avoid foreclosure and keep your home.
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