Hope is quietly spreading across the lifeless Staten Island real estate market following the Obama victory that the new president will take immediate action to help homeowners.
Trudy Scafiddi, who is trying hard to save her Huguenot home, symbolizes the kind of troubled constituent President-elect Barack Obama will face when he takes office in January.
She and [...]

WASHINGTON – Oct. 15, 2008 – Can filing for bankruptcy help homeowners facing foreclosure?
For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren’t allowed to alter the total amount [...]