Rredwood City Bankruptcy: Think Before Refinancing

If an individual has equity in the Redwood City area, by filing a Chapter 13 bankruptcy, he can protect his equity, and repay his mortgage arrears in as little as three years. Refinancing or taking out a second mortgage only creats an additional mortgage to pay back that the individual cannot afford anyways. Rather than being in that position, repay the  mortgage arrears through a Chapter 13 bankruptcy.

Be sure to explore all options and seek legal advice. With quality legal representation, a person becomes familiar with his legal rights and less vulnerable to people trying to take use him in hard times. At Sagaria Law, we provide consultation in our Redwood City office. Try exploring Ch. 13 bankruptcy as an alternative to a high-interest rate equity loan.

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