Last week U.S. News & World Report had an article about last year’s foreclosure crisis.  Greater than 2.8 million properties were foreclosed in 2009 which is an increase of twenty-one percent from 2008 and an increase of one hundred twenty percent from 2007. Even more homeowners appear to be heading toward foreclosure this year with almost ten percent of the mortgages presently delinquent. There are a variety of reasons behind the multitude of foreclosures. One of the most prevalent being the loss of jobs-the unemployment rate continues to be in the double digits.

Reading this article prompted me to remind those of you facing an impending foreclosure on your home to consider bankruptcy as an option.  In two prior blogs I have discussed this issue: Many People are Filing Bankruptcy to Avoid Foreclosure and Does Filing for Bankruptcy Stop the Foreclosure Process. As I have said before, please contact me and together we can determine whether filing personal bankruptcy will be your best option for saving your home.

If you live in Denver, Aurora, Arvada, Brighton, Broomfield, Commerce City, Englewood, Golden, Highlands Ranch, Lakewood, Lafayette, Littleton, Northglenn, Westminster, or Wheat Ridge, Colorado, please feel free to call, email, or submit the free-consultation form.

Kevin D. Heupel, Colorado Bankruptcy lawyer, at:  303-955-7570, or COBankruptcyHelpEmail, or free-consultationform.