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Filing a Chapter 7 Bankruptcy can be an option if you are in the midst of a foreclosure action.  Bankruptcy is a federal procedure for dissolving/discharging debts, or in some cases paying debts on a schedule. The United States Constitution authorizes Congress to enact “uniform laws” related to the regulation of...

           If a borrower is behind on his or her mortgage payments, he or she may be eligible for several “loss mitigation” options.  One of those options is what is called a “deed in lieu of foreclosure” and it will be presented by the bank to...