Carson-based bankruptcy attorney Brad Weil feels given the dismal Riverside and Orange County housing markets, short sales are a long shot to avoid foreclosure and homeowners might be waiting a long time for an interested buyer. In the meantime, the homeowner is still drowning.
Thousands of California Homes Make Short Sales Difficult
Although some real estate markets throughout the country are seeing a bit of an uptick in sales, the home inventory in California seems to be growing as the shadow inventory of homes, those that have not yet completed the foreclosure process, enter the market. CoreLogic, a Santa Ana-based mortgage-tracking company, states approximately 1.4 million U.S. homes were currently in the foreclosure process.
How Can I Keep My Los Angeles Home?
Attorney Weil offers hope of homeowners retaining their homes. “Of course, the homeowner must be able to make some sort of financial arrangement with the lender, but filing bankruptcy can make renegotiating the mortgage payment possible,” states Weil.
If you’re a homeowner facing foreclosure, filing bankruptcy can help you keep your home, contact the Law Offices of Brad Weil at email@example.com or 310-515-7776 to set up your appointment today. Attorney Weil can help you navigate the complex legal process and work out a solution that best fits your needs.