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To: chic_hearne who wrote (82161)	3/18/2001 8:35:33 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

If a debtor is willing to reaffirm the debt, and the lender is willing to continue the loan, then bankruptcy won't force the sale of the the debtor's house. If you're ever in that situation one thing to try is to ask the lender if they will let you deed the property to them rather than go through the foreclosure sale process, this is called a deed in lieu of foreclosure. Since the lender would have to pay expenses for the foreclosure, e.g., legal fees, and since foreclosed property will only fetch forced sale prices, the lender may prefer to take the deed. Do it sooner rather than later, because avoiding expense is what motivates the lender. Obviously, if you've got equity then sell the house if you can't make the payments.