It doesn't matter whether:
- Your lender has refused payment.
- You have zero or terrible credit.
- You are temporarily unemployed.
- You are a poor money manager.
- Your sale date is only a few weeks away.
- You have unexpected medical bills.
- You are behind on your mortgage 2-18 months.
The bottom line is BackOnTracNOW can absolutely help you save your home. It's easy, proven successful, and can make your life less stressful starting today! |
Homeowners Often Contemplate,
Which Is Worse, Bankruptcy or Foreclosure
Homeowners who are facing foreclosure sometimes consider bankruptcy to stop their foreclosure and save their home. When considering bankruptcy the question often arises as to which is worse, bankruptcy or foreclosure. Let's take a look at some of the comparisons.
Bankruptcy can be used to stop foreclosure, although sometimes only temporarily. Most people who file bankruptcy fail and end up back in foreclosure with very limited options and you lose your home. Filing bankruptcy does protect you from other creditors as long as you are making your bankruptcy payments in Ch. 13 which is most commonly filed to save ones home. Ch. 13 can cost up to $2000 or more. A bankruptcy filing can stay on your credit report for up to 10 years which effects your future ability to get loans and can end up costing you a fortune in increased interest.
With foreclosure you end up losing your home. The foreclosure can stay on your credit report for up to 7 years. It can cost you later in higher interest rates and it can effect your ability to get loans. It may be difficult to find a place to rent after you lose your home because of the foreclosure on your credit report.
So, if you file Ch. 13 bankruptcy to save your home and you are able to make your payments without missing even one, and you have the extra $2000 plus it might be something to consider. However, you need to remember that statistically more than 50% of all people who file Ch. 13 fail.
Avoid Bankruptcy And Keep Your Home
BackOnTracNow's proven system coaches you through 7 easy steps to saving your home without the high cost of bankruptcy. This proven system has been used by stop foreclosure professionals to help homeowners just like you successfully save their homes. Get more stop foreclosure information and details on how the proven BackOnTracNow system can help you!
BackOnTracNow shows you the ropes so you can stop your foreclosure just like a professional without the high cost and without filing for bankruptcy. You can avoid the negative of a foreclosure and a bankruptcy on your credit report, keep your home and be miles ahead of where you would be if you lost your home.
With today's foreclosure crisis it is even more critical that you have the inside information on how to work with your lender to resolve your foreclosure. The lender's are overwhelmed with delinquent loans and only those homeowners who know how to re-package themselves properly will be able successfully save their home. Filing bankruptcy can be avoided and you can still save your home.
Tent cities are springing up all over the country and suberbs are becoming ghost towns due to foreclosure. This does not have to happen to you. The lender's have programs to help delinquent borrowers avoid foreclosure sale, but you must act quickly and know what the lender wants to see. BackOnTracNow's stop foreclosure program is the answer! You do not even have to consider which is worse, bankruptcy or foreclosure when you let BackOnTracNow coach you till your home is safe.
|
