For a lot of reasons foreclosures are going to increase before they decrease.  Chapter 13 bankruptcy can help save a home.   Chapter 7 bankruptcy can help erase debts that don’t allow you to pay your mortgage.

Jump in Foreclosures Reaches Historic High in March
First Quarter Filings Topped 800,000, Up 24 Percent From Last Year
By Mary Kane The Washington Independent
A record jump in foreclosure activity in March that occurred just as a voluntary ban on foreclosures ended is raising troubling questions about whether lenders and servicers are genuinely willing and able to do loan modifications on a large scale. And it poses an even more worrisome possibility: That many borrowers can’t be helped at all.

Foreclosure filings reached their highest levels on record in March and during the first quarter of this year, RealtyTrac, an online foreclosure database, reported Thursday. Filings in March alone were up 46 percent from the same time last year. Total filings in the first quarter topped 800,000, a 24 percent increase from the first three months of 2008. Filings include default notices, auction sale notices, and repossessions.
http://washingtonindependent.com/39115/jump-in-foreclosures-reaches-historic-high-in-march