California Foreclosure and Rentals
Home owners that have recently went through a California foreclosure may be surprised to find out that they cannot get approved for an apartment. Most apartment complexes now require a minimum credit score for approval to rent, and foreclosure often places a person below that credit score. This leaves the former home owner without their home and the inability to rent an apartment.
What can a person do to avoid being truly homeless?
If you are facing a California foreclosure you should consider using bankruptcy as a form of debt relief. Through a Chapter 13 filing, home owners can have their mortgage and other debts restructured into an affordable monthly payment. The person filing the bankruptcy will not be evicted from their home due to foreclosure, and they will not have to worry about qualifying for an apartment.
Once you have filed bankruptcy the court will reorganize your debts according to your current income. Once the bankruptcy has been approved, your only obligation will be to make the monthly payment to the court. This method allows you to keep your home and become financially secure again.
If you have a question regarding Bankruptcy in California please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
