Upcoming Foreclosures

If Florida has the "Homestead" law?

Why do people let their house go into foreclosure, instead of bancruptcy? I was told (correct me if I am wrong) that under "Homestead" a bancruptcy would let you keep your house. If this is true, and you're credit will be shot either way, why not try to keep the house?

Public Comments

1. Because sometimes, it's still too expensive to be able to keep it. The bank still has to be willing to work with you..and some are not so willing.