[I have Given Up]

...Foreclosure to file for bankruptcy? I don't have a FHA loan, but should I file for bankruptcy for protection, in order to get my mortgage company to reduce my payments on my home, I modified my loan like 8 months ago, and payment went up, instead of down, and they told me take it or leave it.. so I took it.. But 99% of my income goes to my mortgage payment. I am 2 months behind for like 6 months now, but they keep saying they will take my home.. I'm sick of the threats.. Should I file for bankruptcy now, or later. But I am not in foreclosure yet.. I have Aurora Loan Services (yes, don't tell me...all I hear is bad news..)

[The Mouth from the South]

Depending on your specific case, if you file bankruptcy, typically you are allowed to keep one primary residence, and one vehicle. They are usually the oldest of any that you might own, so think if there is an old car or your last house or a small piece of land you were left in someone's will. If you think of any of these things, get them out of your name ASAP. You don't want to end up with a non running car and a half acre of swamp!