San Diego Bankruptcy Attorney – I think we all know that foreclosures, all over the country, are at an all-time high. This is especially true for people in Southern California and San Diego. With the real estate bubble bursting, taxes at an all-time high and unemployment rising by the day, Southern California has one of the worst foreclosure rates in the state. San Diego bankruptcies are moving along at record pace as well.
But with all the doom and gloom surrounding the economy you sometimes see some good. We had a divorced mother of two call our office. She was living in San Diego, with her two children, in a home she purchased, but she was unable to keep up with the payments. She moved from temp position to position trying as hard as she could but things were just not going her way. She was soon served with a notice of default and the bank eventually foreclosed on her interest. The mother and her two children moved into a rental until.
You see a Chapter 13 can save your home in San Diego but only if you are able to make the payments. This is how we first heard about this family. They didn’t, unfortunately, qualify for bankruptcy.
But some three years later we got a call from the family and the news we got makes all San Diego bankruptcy lawyers feel good. You see, the bank who owned the property never payed the property taxes so it was being sold to cover those delinquencies. The mother was able to borrow $10,000 from friends and relatives. She went to the auction and was the only bidder. She got her house back for $10,000.00. Now, back on her feet, she is able to pay the bills, maintain the property all without the need for bankruptcy.
We at the Law Office of Harold D. Thompson are San Diego Bankruptcy Lawyers dedicated to helping you get out of financial distress. If your debts are piling up and you are looking for a “fresh start” call a San Diego Bankruptcy Lawyer that will fight for your rights. Call us TODAY at 619.615.0767 or visit one of our two websites at www.ThompsonLawSD.com or www.MySanDiegoBankruptcy.com
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