The Bankruptcy Adviser By Justin Harelik Bankrate.com Even after your lender sends a default letter, there are still ways to keep your house. There are also ways to make the situation worse, warns the Bankruptcy Adviser. 7 possible do's when foreclosure looms: 1.     Sell the property. 2.     Work out a deal. 3.     Refinance with a subprime lender. 4.     File Chapter 7 bankruptcy. 5.     File Chapter 13 bankruptcy. 6.     Short sale/deed in lieu of foreclosure. 7.     Walk away from the house. 2 don'ts when foreclosure looms: 1.      Signing over your property title to another company. 2.      Taking a high-interest second mortgage. Click Here to view the article in it's entirety, there is some good information that you may not know about. Search all listings in Michigan with pictures and tours...Free! Kathy Toth & Team: Ann Arbor Area Real Estate Experts www.KathyToth.com Keller Williams Realty