The numbers of bankruptcy cases are rising steadily across the US, there isn’t a lot of promise coming from Washington to help with the mortgage crisis as more and more Americans find themselves in default and facing foreclosure. Consider contacting your lender and asking for a loan modification, this is quickly becoming common practice today as many lenders are at risk losing millions of dollars in the wake of the mortgage crisis in which homeowners are often choosing to walk away from their homes rather than continue paying the high interest rates on the subprime loans that financed their homes.
