Three factors are coalescing to form the perfect storm for foreclosures
in the residential real estate market: (1) increasing interest rates,
(2) decreasing real estate values and (3) an abundance of variable rate
mortgages. For example,
the number of foreclosures in San Joaquin County, California increased
by 90% for the second quarter of 2006. Chapter 13 bankruptcy can be used to catch up mortgage arrears. For more
go to our website.