Homeowners Get Help In Bankruptcy Court

The mortgage industry doesn't like it. But it can do nothing as lawyers in the San Francisco Bay area use a little-known aspect of the bankruptcy law to help debt-riddled clients get rid of their second mortgages and avoid foreclosure.

View this video, courtesy of MSN Money.

One expert predicts that reductions of mortgage balances will become more widespread, making personal bankruptcy increasingly popular.

Posted in bankruptcy law , faces of foreclosures , mortgage modification , personal bankruptcy