Helping Landlords and Multiple-Property Owners Facing Property Value and Debt Issues
When property values seemed sure to rise, it made good sense to invest in residential rental property. Real estate, historically, has been a reliable and even conservative way to build wealth.
Since the housing collapse, though, many landlords and others who own two or more houses face dwindling rent and property values, while mortgage payments and mortgage debt remain the same or are even rising.
Are you tapping into your IRA or borrowing from your 401(k) just to keep current on properties? Are you underwater on investment properties and facing increasing debt even as the properties lose more value? Are you facing tax penalties regarding investment property?
Contact the financial solutions attorneys of Sobti Law Group. We have worked with numerous landlords who have had to dip into their investment portfolios in order to manage debt.
There is another way. Instead of throwing good money at what has turned out to be a bad investment, discuss your options with us today. Too often, we hear from clients who have already spent tens of thousands of dollars that they could have kept had they explored Chapter 7 and Chapter 13 bankruptcy, short sale and loan modification options earlier.
It doesn't make sense to exhaust your savings before seeking financial solutions. Instead, contact us today and protect what you have. For more information, contact us at our Beaumont, Corona, Riverside, San Bernardino, Chino, Orange, Rancho Cucamonga or Palm Springs office.
Contact Us
The Orange consumer bankruptcy lawyers at Sobti Law Group offer free consultations, are available for Saturday appointments by request, and speak English and Spanish as well as Armenian, Russian, Arabic, Persian, Hindi and Punjabi. To contact Sobti Law Group or U.S. Law Center, call 888-627-8013.
