[D]on’t try and stop the foreclosure process. Let it run its course and hit the bottom, allow investors to buy up homes, put renters in them, fix the homes up, and let it turn around and come back up.”

Mitt Romney, Presidential candidate, October 2011, Las Vegas, Nevada

“Social Darwinism” is the idea that only the strong survive in the marketplace, and that those who are weaker and have less money inevitably fall by the wayside to make room for the stronger.  Only in this manner can an economy truly thrive.

When it comes to houses, Governor Romney is at least partially correct.  As the housing market stands now, the numbers simply are not sustainable.  American homeowners are facing nearly $4 trillion in negative equity.  Even a 60% increase in home prices would be insufficient to fill this gap.  If you are one of the many homeowners who are underwater on your home, the situation will not get any better on its own.  It may be time to consider Chapter 13 bankruptcy.  Chapter 13 bankruptcy can reverse the negative equity in your home by reducing your mortgage, and you don’t have to give the keys to a stranger.

In other words, the solution to the mortgage crisis may come from bankruptcy lawyers and not “we buy ugly houses” investors.  If you are in danger of losing your house, that loss is neither inevitable nor desirable.  Do something about it.

The attorneys at Henley and Henley, P.C. can explain how it may be possible to reduce or eliminate some or all of your mortgage debt.  Such a promise may sound too good to be true, but the millions of your neighbors who seek Chapter 13 bankruptcy protection may beg to differ.  Call today for your free consultation.