LOS ANGELES, March 11 /PRNewswire/ -- Los Angeles bankruptcy attorney agrees with President Obama in his program that provides up to $1,500 to homeowners in a short sale.
"The president is realizing what bankruptcy attorneys and homeowners see on a daily basis, lenders are just not getting loan modifications done and not trying to save the home. Homeowners should talk with a bankruptcy lawyer to avoid credit damage from a trustee sale and stop eviction," stated Chris Barsness.
"Clients come to a bankruptcy attorney talking about promises from their bank that they were working on a loan modification, but the home was already sold. People often face personal liability for second mortgages after a sale. Filing for bankruptcy under Chapter 7 can help after the sale, but a Chapter 13 or Chapter 11 can help stop the foreclosure sale, avoid a second lien, and get caught up on past due payments. A bankruptcy lawyer will explain that you can repair your credit within a few years after bankruptcy, but a foreclosure and eviction can keep you from ever buying or renting for many years. A bankruptcy lawyer can provide legal advice and guidance in these complex issues."
The Barsness Law Group, APC is a California bankruptcy law firm that helps stop foreclosure, stop eviction, repair credit, and file Chapter 7, file Chapter 11, and file Chapter 13 bankruptcy for individuals and businesses.
To talk to a California bankruptcy lawyer, call them at: (888) 881-6591 or at http://www.bankruptcylawyerla.net. Se Habla Espanol.
SOURCE Chris Barsness