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Wisconsin Foreclosure – What are Banks Doing?

| Jun 18, 2011 | Chapter 13 Bankruptcy, Debt Settlement |

Banks are doing very little to help homeowners avoid Wisconsin foreclosure.

Banks were given millions or even billions to help homeowners with loan modifications. While the mortgage companies did make half-hearted efforts their programs were never really set up for success. They never brought on the appropriate staff to handle the sheer number of modification requests. This is the cause for endless delays and lost documentation which pushes most homes to grow closer to the final phases of foreclosure before the homeowner is given a final yea or nay.

Homeowners facing Wisconsin foreclosure who are in the midst of a loan modification should research bankruptcy as a back up plan. Should your modification be denied you can be fully prepared to step directly into the bankruptcy process and stop foreclosure immediately.

If you have a question regarding Bankruptcy in Milwaukee please contact us at 414-326-9231 and we can connect you with one of our experienced lawyers to evaluate all of your options. Please email me anytime at [email protected]

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