Homeowner Strategies to Avoid Foreclosure and Bankruptcy

Home Buyer Tax Credit

With the uncertainty of guaranteed employment and an economy that is sluggish, below is information for homeowners on strategies that one can use to avoid foreclosure and bankruptcy.   Lots of people walk away from their homes and mortgages because of the emotional stress of their situation and the lack of knowledge of the things that they can do to make the most of the situation.   There are some new government programs that are designed to help distressed home owners avoid foreclosure, like HAFA (Home Affordable Foreclosure Alternatives).  Topics included are:  refinance, loan modification, forbearance, short sale, and deficiency judgments.