11
May
San Diego Real Estate Foreclosure … When is Bankruptcy the Best Option?
In San Diego it seems that home mortgage payments are the number one reason for the huge increase in bankruptcy fillings. Is bankruptcy right for you? There is no pat, general answer here. It is always best to consult with your legal/tax adviser when facing financial hardship. In the video below, various government agencies are shown that may be able to assist you.
Please, keep in mind, almost all home mortgage lenders would rather try to work out a plan to keep you in your San Diego home rather than having to foreclose on it. In most cases, it is best to first contact your home mortgage lender before walking away from your San Diego home.