Sacramento Bankruptcy: How Much Should you Spend on a House After Bankruptcy?
Of special concern to Sacramento residents, after bankruptcy you must make sure not to go over budget and still get a home which satisfies your needs. If you are approved for a $3,000 loan, this does not mean you should spend $3000. If you find a home for $2000 which satisfies your needs, then buying one for $3000 would not be wise. Single or retired persons might find that an apartment or townhouse serves their needs without the expense of a single family home. Often clients are driven into bankruptcy initially by buying a home that is more than they could afford, so it is important to avoid this pitfall. Contact one of Sagaria Law’s knowledgeable San Francisco attorneys to learn more.