The lesser known downside of foreclosure (Ontario attorney David Lozano is looking out for you and your neighbors!)
As a bankruptcy attorney I advocate preventing foreclosure to individuals who would like to keep their home despite the financial trouble they are going through, as I expressed in a few of my previous blogs–Do you have questions about foreclosure and how to prevent it?, Do you want to avoid foreclosure in Southern California?, and Want to keep your home, car, and personal possessions despite your debt? Apart from losing your home and having to find a new place to live, foreclosure has another downside.
Boarded-up windows and a yard that has fallen into disrepair doesn’t make for a pretty sight on a tour of the neighborhood. Oftentimes the property value of the houses surrounding the foreclosed house suffer due to the state of the neglected house. That’s not all though! Foreclosed houses might not draw people in the market for a house, but they do draw some attention–from criminals! According to Foreclosure Link To Abandoned Houses And Crime, California ranks second in the national foreclosure rate at a ratio of 1:88.
No one wants to see crime in their neighborhood! In order to avoid an increase in crime and prevent foreclosure, contact me or visit our Ontario office for a free consultation! Together we can find a way for you to keep your house and get a fresh start!
Wondering what to do about the home when going through divorce and bankruptcy? (Los Angeles attorney David Lozano offers his help to divorced couples!)
Not too long ago I wrote about how divorce is one of the three leading causes of bankruptcy–along with medical bills and the loss of a job–in Wondering what you should do when dealing with divorce as well as bankruptcy? (Los Angeles attorney David Lozano offers his advice!) And earlier in the year I wrote a blog entitled, Does filing bankruptcy lead to divorce? Today I’d like to discuss situations that may arise when going through divorce and bankruptcy.
Married couples who are considering or have already gotten a divorce sometimes find themselves in a fix when it comes to what to do about the home. Oftentimes neither spouse can afford to keep the house or apartment on their own. In cases like this, couples may end up living together out of necessity, staying at opposite corners of the house or on separate floors as much as possible. Couples will even try to avoid filing bankruptcy by putting their home up for sale, hoping to make enough money to pay off the mortgage, so that they can buy new homes. Many times the couple is forced to dramatically lower the price of the home to avoid foreclosure, even settling for a price far below the retail value.
In a situation like this, I urge couples to contact me or visit one of our Lancaster, Ontario, or West Covina office locations for a free consultation! With the help of a bankruptcy attorney, the couple may have better luck getting the house sold at a fair price or keeping the house, if they so desire!
Home is where you wish to stay? No problem!
Deciding what to do about crushing debt is a difficult undertaking for the average Californian. Despite the unpleasant nature of the topic, a decision needs to be made so that you can stop worrying and get back to enjoying life!
One of the most common concerns people have when it comes to settling their debt is foreclosure. Let’s face it, California foreclosure laws are enough to make anybody’s head spin! Rest assured, though: Lancaster, California, bankruptcy attorney David Lozano knows how to prevent foreclosure! Even if you’ve already received a Notice of Default or Notice of Sale, you are still eligible to file bankruptcy, which will stop the foreclosure process dead in its tracks!
They say home is where the heart is, and there’s probably some sentimental value in those good old bricks and mortar. It’s more than just where you live. It’s about a sense of security in familiar surroundings. It’s the place where you grew up, your first home as an independent adult, or where you’ve raised your family. It’s about the location or simply not wanting to hassle with finding a new place to live in a good neighborhood where you will have to start all over again. Whatever the reason, I understand that you don’t want to part with your home!
So please talk to me today! My mission is to help you get through all your woes concerning debt until your financial future is as clean as a whistle!