The California Short-Sale--A Better Alternative to Foreclosure, or a Percolating Nightmare!

Thumbnail image for iStock_000006824774XSmall.jpgAt the Law Office of Linda C. Garrett, an online, Solano County, California-based consumer, bankruptcy and family-law practice, I receive a consistent stream of calls from homeowners, calling because they are worried about their distressed property. Some homeowners are solely looking for options in the event of imminent default, while others are looking for options because they are in active foreclosure in connection with their distressed property. One option that frequently comes up is the California short-sale.

The purpose of this blog post is to provide the reader with a realistic look at the short-sale--looking at the benefits of a short-sale, inherent risks involved in the California Short-Sale, and the enactment of recent legislation affecting California short-sales. Let's proceed with understanding what a California short-sale means to a homeowner.

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At Risk or Facing Foreclosure?

ForeclosureProblemsXSmall.jpgAt the Law Office of Linda C. Garrett, Solano County, California-based consumer, bankruptcy and family- law practice , I receive numerous calls from distressed homeowners facing foreclosure. No doubt, the thought of foreclosure is a scary thought, promptly hard-working homeowners to slap down thousands of dollars to anyone offering to save their home. Because most people don't know all their legal options and/or their legal rights, they are willing to trust almost anyone willing to offer help. If this is you--stop! Don't panic and, please, don't do anything else until you have read this Blog post.

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Start 2012 Off Right--Take the Financial Budget Test

iStock_000017190002XSmall.jpgAt the Law Office of Linda C. Garrett, an online virtual consumer, bankruptcy and family practice, I receive numerous questions regarding financial matter to include issues relating to overwhelming credit card debt and payments, student loans, defaulted mortgage loans and many others.

Are budgets important and is there any correlation between budgeting finances and financial problems?

Purpose of this Blog Post

To educate consumers about the relationship between budgeting and financial problems. From my experience, they is a direct link between the two.

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"I'm Freaking Out--I've Just been Served with Legal Papers From My Creditor!"

Thumbnail image for FreakingOutLlawsuit.jpgAt the Law Office of Linda C. Garrett, a Solano County, California-based, online consumer, bankruptcy and family law practice, I receive approximately three to four calls per week from consumers regarding creditor lawsuits. Every individual is highly stressed and emotionally overwhelmed. The callers' most common fears include wage garnishment and bank levies. There are other fears and concerns, but these are the most common.

Is this you?

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Beware! Scammers Pretending to be Homeowners and Getting Away With It--A New Scam

Thumbnail image for Thumbnail image for iStock_000016119220XSmall.jpg In my Solano County, California-based, online Consumer, Bankruptcy and Family-Law Practice, I receive countless calls on a weekly basis regarding anything and everything related to what I call the "mortgage meltdown." Inquiries include asking me questions about loan modifications, short-sales, California anti-deficiency statutes, foreclosures, and so on. These types of calls I expected to receive when I expanded my legal practice to include bankruptcy and mortgage-related issues back in 2006. I did not, expect, however, to receive calls inquiring about illegal behavior . . . from banks, from lawyers, from . . . scammers.

This blog entry deal with a scam that I fondly like to refer to as "Little Red Riding Hood and the Greedy Big Bad Wolf." This new scam is very similar to this beloved child's tale. Everyone knows the story of Little Red Riding Hood--how she innocently goes to Grandma's house, innocently skipping alone down the road, carrying a bag of goodies for Grandma, and only later, to her surprise, discovers the Big Bad Wolf at Grandma's house--pretending to be Grandma! Remember what happens to little Red Riding hood at the end of the story? She gets eaten up by the Big Bad Wolf!

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Are You Judgment-Proof? Take the Test

iStock_000010699724XSmall.jpgShould You File for Chapter 7 or Chapter 13 Bankruptcy If You Are Judgment Proof?

In my Solano County, California-based, online Consumer, Family and Bankruptcy practice, I come across many individuals who are determined to file bankruptcy. Most times, the strong desire to file bankruptcy is fear-based, not fact-based. I recommend you take my test to determine whether you are judgment-proof?

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"Is Bankruptcy Right For Me and Will It Solve My Financial Problems?"

iStock_000005152409XSmall.jpgIn today's market, anyone contemplating bankruptcy should first determine if bankruptcy is right for them and whether it truly is the solution to their financial woes. While it might seem as though this is a simple answer, it's not! Keep reading if you or someone you know is considering bankruptcy.

The purpose of this blog post is to help the reader take pause before calling a bankruptcy attorney to file their bankruptcy petition. As this blog post explains, there are situations where bankruptcy can cause more harm than good and/or situations where other options are preferred and more practical to filing bankruptcy.

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Should You Foreclose (Walk Away) From Your Home?

iStock_000005781193XSmall.jpgBefore taking the step to foreclose on your home, you should make an informed decision. This means knowing not only the pros and cons of foreclosing on your home, but also, the pros and cons of other possible options--such as a short-sale, a deed-in-lieu of foreclosure, loan-modification, loan forbearance, etc.

At the Law Office of Linda C. Garrett, a Solano County, California-based, online virtual consumer, bankruptcy and family-law practice, I receive numerous inquiries from callers regarding foreclosure issues. This blog post is designed to help the reader make a preliminary determination whether foreclosure is an option for them.

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