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“[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.  The Obama administration has slow-walked the foreclosure processes that have long existed and as a result we still have a foreclosure overhang.”

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

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, 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.

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.