Bankruptcy Overview

Bankruptcy Overview (15)

Corinthian Students


There can be nothing worse for a student than to have the whole school close down from underneath you, leaving you lost, dazed and confused. Such is the most recent case of the Corinthian Colleges, Inc. owned "for profit" schools. Everest, Wyotec, and Heald College System. In California alone, it is said that over 16,000 students were sent home.
What a catastrophe!

If you're still holding the bag on an income tax debt your ex-spouse drove up, and particularly if you don’t have the wherewithal to repay it, you might be in luck. It doesn’t matter if the tax bill is a result of an understatement of earnings tax on the return, or if it’s just an underpayment of the tax due at the time--you may have a chance of absolving yourself of the obligation for payment. But you’ll have to fight for it.

The IRS doesn’t care if you've got a valid divorce decree and a marital separation arrangement that declares your ex partner is responsible for all previous taxation liabilities—it simply wants to get paid. The IRS’ attitude is: fight it out with your ex, but we’re coming after you.

Teacher Loan Forgiveness

In our experience at the Law Offices of D.J. Rausa, there is one part of our everyday workforce that is so underpaid, it defies all logic. School Teachers!

As we experience a shifting economy, the salaries of teachers continue to decline, while the cost of higher education and teaching credentials skyrockets. That means we see school teachers, from K-1 through high school, suffer the enormous pressure of dealing with their student loan debt.

Attorney D.J. Rausa represents teachers in their management of their private and Federal student loan debt. After a full analysis of their complete financial picture, we will be able to custom craft a financial plan. This plan includes taking advantage of the Federal Teacher Loan Forgiveness Program offered to qualified teachers by the U.S. Department of Education.

Every teacher’s circumstances are different and if qualified, teachers can take advantage of The Teacher Loan Forgiveness Program as well as other Federal Programs that are out there. These programs can be combined to take full advantage of ALL the Federal Programs.

With this in mind, please read the detailed article that follows this introduction and call to make an appointment to obtain a free consultation with attorney D.J. Rausa for a full review and explanation of options.

 

The Teacher Loan Forgiveness Program

The Teacher Loan Forgiveness Program is intended to encourage people to continue and enter in the teaching profession. Under this program, if you train full-time for five complete and consecutive academic years in certain primary and secondary schools and higher education institutions that serve low-income people, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans. If you have PLUS loans only, you are not eligible for this type of forgiveness.

If you are in default on subsidized or unsubsidized loans, you are may not eligible for forgiveness of that loan unless you have actually made satisfactory repayment arrangements using the holder of the defaulted loan.

The loan(s) for which you are searching for forgiveness must have been made before the end of your five academic years of qualified teaching service.

Any time you spent teaching to get benefits through AmeriCorps cannot be counted toward your needed five years of teaching for Teacher Loan Forgiveness.

You must have been used as a full-time instructor for five consecutive and total educational years, and at least one of those years must have been after the 1997–98 educational year.

You must have been employed in secondary or primary school that is in a college district that qualifies for funds under Title I of the Elementary and Secondary Education Act of 1965, as amended; has been selected by the U.S. Department of Education based on an assumption that more than 30 per cent of the school’s total enrollment is made up of children who qualify for solutions supplied under Title I; and is listed in the Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits. If this directory is not available before May 1 of any year, the previous year’s directory may be used.

Note: All second and elementary schools operated by the Bureau of Indian Education (BIE)—or operated on Indian reservations by Indian tribal groups under contract with BIE—qualify as schools serving low-income students. These schools are qualifying schools for purposes of the loan forgiveness program, even if they are not detailed in the Annual Directory of Designated Low-Income Schools for Teacher Cancellation Advantages.

You may qualify if the consecutive five-year period includes qualifying service performed after the 2007–08 academic year at a qualified academic service agency.

If your school meets the above requirements for at least one year of your teaching service, but does not meet these requirements during subsequent years, your subsequent years of teaching at the school may be counted toward the required five full and consecutive educational years of teaching.

Who is considered a teacher?

A teacher is an individual who provides direct classroom training, or class-type teaching in a nonclassroom setting.  Special Education teachers are considered teachers.

Just how long must I teach?

You must teach full-time for five consecutive and total academic years.

Service Completed Before Oct. 30, 2004

If your five consecutive and total years of teaching began before Oct. 30, 2004, be sure to note the following:

  • You may possibly receive up to $5,000 in loan forgiveness if, as certified by the chief administrative officer of the college where you had been used, you had been
  • a full-time primary school teacher who demonstrated teaching and knowledge skills in reading, writing, mathematics, and other areas of the primary college curriculum; or
  • a full-time secondary school teacher who taught in a subject area that had been relevant to your academic major.
  • You may receive up to $17,500 in loan forgiveness if, as certified by the primary administrative officer of the college where you had been used, you were
  • an extremely qualified full-time science or math teacher in a qualified second school; or
  • an extremely competent special education instructor with the main responsibility of offering special education to children with disabilities, and you taught children with disabilities that corresponded to your area of special education training and have actually shown teaching and knowledge abilities in the content areas of the curriculum which you taught.

Service Starting on or After Oct. 30, 2004

If your five consecutive and full years of teaching service started on or after Oct. 30, 2004, be sure to note the following:

  • You may get up to $5,000 in loan forgiveness if you were a highly qualified full-time elementary or second school teacher.
  • You may receive up to $17,500 in loan forgiveness if, as certified by the main administrative officer of the school where you were employed, you were
  • a highly qualified full-time science or math instructor in an eligible second school; or
  • a highly qualified special education instructor whoever primary obligation had been to provide special education to kids with disabilities, and you taught children with disabilities that corresponded to your area of special education training and have actually shown understanding and training abilities in the content areas of the curriculum which you taught.

Unable to Finish an Academic Year

If you had been unable to finish a scholastic year of training, that year may still be counted toward the required five consecutive and total academic years if

  • you completed at minimum one-half of the academic 12 months;
  • your employer views you to have satisfied your contract requirements for the academic 12 months for the purposes of salary increases, tenure, and retirement; and
  • you were unable to complete the academic 12 months because
  • you returned to postsecondary training, on at least a half-time foundation, in a location of research straight related to the performance of the teaching service described above; or
  • you had a condition covered under the Family and healthcare Leave Act of 1993 (FMLA); or
  • you were known as or ordered to active duty status for more than 30 days as a member of a book component of the armed forces.

Have always been I an extremely qualified instructor?

To be a highly qualified instructor, a public elementary or secondary school teacher must

  • have acquired full state certification as a teacher (including certification obtained through alternative routes to certification) or passed the state teacher licensing assessment, and keeps a license to teach in that state, except that when used with respect to any teacher teaching in a public charter college, the term means that the teacher satisfies the demands set forth in the state's public charter college legislation; and
  • have not had licensure or certification requirements waived on a crisis, temporary, or provisional basis.

In addition to the above—

An elementary college instructor who is brand new to the profession is considered highly competent if he or she also

  • holds at least a bachelor’s level; and
  • features shown, by moving a rigorous state test, subject teaching and knowledge abilities in reading, writing, math, and other areas of the basic primary college curriculum (which may comprise of passing a state-required licensing or certification test or tests in reading, writing, math, and other areas of the basic primary college curriculum).
  • A center or secondary college instructor whom is new to the career is extremely qualified if the instructor also
  • holds at minimum a bachelor’s level; and
  • features demonstrated a high level of competency in each of the academic subjects in which the teacher teaches by
  • moving a rigorous state scholastic subject test in each of the educational subjects in which the teacher teaches (which may consist of a passing level of performance on a state-required licensing or certification test or tests in each of the academic subjects in which the teacher teaches); or
  • successful conclusion, in each of the academic topics in which the teacher teaches, of an educational major, a graduate degree, course work comparable to an undergraduate academic major, or advanced credentialing or certification.
  • Center, elementary, or second college instructor whom is not new to the profession is highly competent if the instructor also
  • keeps at least a bachelor’s degree; and
  • meets the applicable requirements of middle, elementary, or second college instructor who is new to the career; or
  • demonstrates competence in all the academic topics in which the instructor shows based on a large objective uniform state standard of analysis that
  • is set by the state for both grade-appropriate educational topic matter knowledge and teaching skills;
  • is aligned with challenging state scholastic pupil and content educational achievement standards and created in consultation with core content experts, instructors, principals, and college administrators;
  • provides coherent, objective information about the teacher’s attainment of core content knowledge in the academic subjects in which a teacher teaches;
  • is used uniformly to all instructors in the same scholastic subject and the same grade level throughout the state;
  • takes into consideration, but is not based primarily on, the time the teacher has been teaching in the academic subject;
  • is made available to the public upon request; and may involve objective, numerous steps of teacher competency.

Is the college at which I instruct a low-income college?

Each year, the U.S. Department of Education publishes a list of low-income elementary and secondary schools. To find out if a college is categorized as a low-income school, check our online database for the year(s) you've got been employed as an instructor. Concerns about the inclusion or omission of a particular college must be directed to thestate education company contact in the state where the school is located and maybe not to the U.S. Department of Education.

What if we teach at an educational institution?

If you teach at an educational solution agency, your training service may qualify if the consecutive five-year period includes qualifying solution at an eligible education service agency performed after the 2007–08 academic year.

Teacher Cancellation

If you have a loan from the Federal Perkins Loan system you might be eligible for loan termination for full-time teaching at a low-income college, or for teaching in certain subject areas. You can also qualify for deferment for these qualifying training solutions. Check with the school that made your Federal Perkins Loan for more information.

You qualify for termination (release) of up to 100% of a Federal Perkins Loan if you have taught full-time in a general public or nonprofit primary or secondary school system as a

  • instructor in a college serving pupils from low-income families; or
  • special education teacher, including instructors of infants, young children, kids, or childhood with disabilities; or
  • instructor in the areas of math, science, international languages, or bilingual training, or in any other field of expertise determined by a state training institution to have a shortage of qualified teachers in that state.

 

Who is considered a teacher?

A teacher is somebody who provides people direct classroom teaching, or classroom-type teaching in a nonclassroom setting, or educational solutions directly associated to classroom teaching (for instance, college librarian or guidance counselor).

You don't need to be certified or certified to receive cancellation benefits. Nevertheless, your employing college must consider you to be a full-time professional for the purposes of salary, tenure, your retirement benefits, etc. If you are researcher, supervisor, administrator, or curriculum specialist, you are not considered a teacher unless you primarily provide personal and direct academic services to pupils.

Just how long must I teach?

You must teach full-time for a full scholastic year or its equivalent. There isn't any requirement that you must teach a given quantity of hours a time to qualify as a full-time instructor; the employing school is responsible for making that choice.

An “academic year or its equivalent” for cancellation purposes is defined as one full college year or two half-years that are from different college years. The two half-years must be consecutive and full, excluding summer sessions, and must generally fall within a 12-month duration.

Training Part-time at Several Schools

You can have your loan canceled if you're simultaneously teaching part-time in two or more schools if an official at one of the schools where you taught certifies which you taught full-time for a full academic year.

Teaching at a Private School

Your loan can be canceled for services performed in a private college if the private college has established its nonprofit status with the Internal Revenue Service (IRS), and if the school is providing elementary and/or secondary education according to state law.

Training at a Preschool or Prekindergarten Program

Your loan can be canceled just if the state considers such a system to be a part of its primary training system. A low-income-school-directory designation that includes prekindergarten or kindergarten does not suffice for a state determination of program eligibility.

Teaching at Low-income Schools

A cancellation based on training in a school serving individuals from low-income families will be granted just if you taught in an eligible college as determined by the state training institution. 

Every 12 months, the U.S. Department of Education publishes a list of low-income elementary and secondary schools. To find out if a college is categorized as a low-income school, check our online database for the year(s) you have been used as a teacher. Questions about the inclusion or omission of a specific college must be directed to the state teaching institution contact in the state where the school is found and maybe not to the U.S. Department of Education.

All secondary and primary schools operated by the Bureau of Indian Education (BIE)—or operated on Indian reservations by Indian tribal groups under contract with BIE—qualify as schools serving low-income students.

NOTE: If you've got had a portion of your loan canceled for teaching at a low-income primary or second college in one single year, you can continue to have portions of your loan canceled for teaching at that college also if it's perhaps not listed as a low-income school in later years. Under certain circumstances, the organization that holds your Perkins Loan may permit retroactive termination if you can demonstrate that you qualified for termination in a previous 12 months. Nevertheless, the organization may perhaps not refund repayments made during such a retroactive period.

Teaching at an Educational Service Agency

If you teach at an academic service agency, your teaching service may qualify for cancellation if the period includes qualifying service that includes August 14, 2008, or starts on or after that date.

Teaching Special Education

You must have an official at the public or other nonprofit primary or secondary school certify that you are a full-time special education teacher of infants, toddlers, kids, or childhood with disabilities either on the Federal Perkins Loan deferment/cancellation kind or on an official letter from the school bearing the school's seal or letterhead.

If you offer one of the following services, you qualify as a teacher only if you are certified, certified, or registered by the proper state education agency for that location in which you are offering related unique educational services, and the services you provide are part of the academic curriculum for handicapped kids.

The services are

  • Language and speech pathology and audiology,
  • real therapy,
  • occupational therapy,
  • psychological and counseling services, and
  • recreational treatment.

Teaching in a Designated Subject Shortage Area

This cancellation is based on full-time teaching if there is a shortage of teachers in your subject area. Each year the state teaching agency determines any subject shortage areas in the primary and secondary schools within the state. Check with your local school system or state education agency to discover if your subject area is designated. If you train full-time in mathematics, science, international language, or bilingual education, you qualify for cancellation also if the state has not designated one of these subject areas as a shortage area. For a borrower to be considered as teaching in a field of expertise, the majority of classes taught must be in that field of expertise.

How do I apply teacher cancellation?

You must request the proper forms from the office that administers the Federal Perkins Loan program at the school that holds your loan. You must also supply any documentation the school demands to show that you qualify for cancellation of your Perkins Loan. It is the school’s responsibility to figure out whether you qualify, and the school’s choice cannot be appealed to the U.S. Department of Education. Schools may not cancel any section of a loan for teaching services you performed either before the date the loan was disbursed or during the enrollment duration covered by the loan.

How much can be canceled?

If you are eligible for cancellation under any of the categories listed above, up to 100 percent of the loan may be canceled for teaching service, in the following increments:

  • 15 percent canceled per year for the second and very first years of service
  • 20 percent canceled for the fourth and third years
  • 30 percent canceled for the fifth year

Each quantity canceled per year includes the interest that accrued during the year.

free-advice-btnAre you struggling under the weight of a student loan? You’re not alone.

Student loan debt cripples many student loan borrowers, including recent graduates. Many leave college with thousands of dollars in student loans. Even with a steady job, it can be difficult to meet student loan repayment obligations. Others struggle for years in an attempt to manage the student loan debt.

Attorney D.J. Rausa is committed to helping clients develop a payment plan they can manage. He can also determine if a student loan might cause the debtor "undue hardship." This can be used as an exception to the student loan repayment requirements.

In San Diego, attorney D.J. Rausa helps clients obtain relief from student loan debt. He has more than 20 years of experience. He is committed to making sure everyone has a chance to obtain student loan debt relief. Contact us for help addressing your student loan concerns.

Types of Student Loan Debt

Students may have received federal student loans or loans from private companies – many students use a combination of both to get through school.

Many students have also turned to parents, grandparents or others to either take out the loan or co-sign for it. Either way, this makes the parent a student loan borrower.

Federal Student Loans:

Because so many students have gotten in over their heads with excessive student loan debt, the federal government has developed a whole host of options available to address Federal Student Loans. These types of loans are subject to programs offered by the U.S. Department of Education.

To find out what Federal Student Loans you have, go to the National Student Loan Data System, www.nslds.ed.gov, to get your report. This report contains vital information in evaluating what the next step will be to address your Federal Student Loans. If a student loan is not on this report, chances are the loan is a private student loan.

Once this information is reviewed, Attorney D.J. Rausa will be able to determine what the best options are.

Private Student Loans:

Private Student Loans are NOT subject to any Federal Student Loan Program. Therefore, they have to be addressed in a completely different manner.

Options for Private Student Loans are very limited, however Attorney D.J. Rausa may be able to negotiate favorable terms of repayment. The factors widely vary from lender, servicer, and collection agency. Therefore the results also vary.

If favorable terms cannot be reached, then a Chapter 13 Bankruptcy is an option that can be exercised to force the Private Student Loan lenders to accept an affordable payment.

Bankruptcy and Student Loans

There is a common misperception that once you take out a student loan, you are obligated to pay it all back no matter what. This is not entirely true. While some student loan debt may not be discharged through bankruptcy, The Law Offices of D.J. Rausa may have ideas to help you reduce or discharge your debt.

However, it is important to note that the process of discharging student loan debt differs from the process of discharging other types of debt and will require a detailed analysis of the type of student loan as well as the history of the loans.

Student loan debts are not automatically discharged through Chapter 7 bankruptcy. The Chapter 13 bankruptcy process can be used to restructure your student loans into a more manageable monthly payment. Attorney Rausa offers comprehensive Chapter 13 bankruptcy solutions to help you set up a payment plan to pay down your debt, including your student loans.

Chapter 13 repayment plan can last for as long as five years. Attorney Rausa will develop a feasible plan for you in order that some percentage of all your debt is paid. During the pendency of your case, you will be protected from any and all collection activity; this includes the IRS and any student loan collection agencies or servicers.

Discharging Student Loans: Proving Undue Hardship

Sometimes student loans can be forgiven when the borrower is shown to have endured “undue hardship,” such as:

  • Disability preventing your ability to work
  • Fixed income with no possibility of a salary increase
  • Family issues preventing you from earning a living
  • Totality of your financial circumstances

Attorney Rausa is prepared to address all of your questions regarding undue hardship.

Find out more about these related topics:

Contact a San Diego Lawyer

Contact us by e-mail or call toll free at (619) 295-3322 to see if you qualify for the hardship exception, or if reorganizing your payment plan is a better option. A free initial consultation is available with an experienced San Diego student loan debt relief lawyer.

Free Initial Consultation * Available Evening and Weekend Appointments

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

STRUGGLING TO PAY STUDENT LOAN DEBT?

Are you struggling to pay back your student loans? You're not alone. According to American Student Assistance, the average student loan balance as of 2012 was $24,301. Of more than 37 million borrowers, 14 percent have a student loan that is past due. That is about 5.4 million people.

Many students expect to find well-paying jobs after their college graduation. This does not always happen. With tens of thousands of dollars in student loan debt and no solid means of repayment, many individuals default on their student loans.

Mission Valley attorney D.J. Rausa helps individuals who are struggling with student loan debt. Bankruptcy may offer relief and the opportunity to repay a certain amount of debt at an affordable monthly payment. To speak to him in a free consultation, please call toll free at (619)295-3322.

I Can't Pay Back My Student Loans. What Should I Do Now?

There is no one-size-fits-all solution for dealing with a large amount of student loan debt. It is advisable to speak to D.J. Rausa about your unique financial situation. There may be several options available to relieve you of your debt or pay back a percentage of your debt with an affordable payment plan.

Find out more about these related topics:

Contact a Mission Valley Bankruptcy Lawyer

Contact us to discuss your student loan debt and legal options. A free initial consultation is available with an experienced San Diego student loan debt relief lawyer.

Free Initial Consultation * Available Evening and Weekend Appointments

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Car Repossession & Bankruptcy in San Diego

Attorney D.J. Rausa is committed to helping clients avoid car repossessions through filing Chapter 7 or Chapter 13 bankruptcy. He advocates for clients to keep their vehicles with a bankruptcy automatic stay. This helps protect clients from creditors and creates repayment options based on their financial situation.

San Diego Repossession Attorneys

For over 20 years, San Diego repossession lawyer D.J. Rausa has served the legal community throughout San Diego. He is driven to make sure everyone has a chance to obtain debt relief. If you are in danger of losing your car,contact us online or call (619)295-3322 to schedule a free initial consultation with an experienced San Diego avoid car repossession lawyer.

Avoid Car Repossession Through Filing Bankruptcy

If you are at risk of losing your car, Chapter 7 or Chapter 13 bankruptcy might provide you with the relief you need. Creditors are generally prohibited from repossessing vehicles after individuals file for bankruptcy without the Bankruptcy Court's permission.

You may feel overwhelmed not knowing if filing for bankruptcy is the right option for you. Veteran bankruptcy attorney D.J. Rausa is committed to helping you make a well-informed decision to avoid vehicle repossession:

  • Chapter 7 bankruptcy — Through filing Chapter 7 bankruptcy, you can keep you car, as long as you continue making your regular monthly payments. You also have the option of turning over your car in full satisfaction of the debt owed under Chapter 7 bankruptcy.
  • Chapter 13 bankruptcy — If you are upside down after financing your vehicle, Chapter 13 bankruptcy may allow you to pay the market value of your car without covering how much you owe on it. Attorney Rausa is committed to helping you keep your car, while proposing a plan for you to repay any past due payment over three to five years.

Contact a Repossession Lawyer in San Diego, California Today!

Contact us by e-mail or call toll free at (619)295-3322 for help avoiding car repossession. A free initial consultation is available with an experienced San Diego repossession attorney.

Free Initial Consultations * Available Evening and Weekend Appointments

San Diego attorney D.J. Rausa keeps himself educated with recent Bankruptcy Law trends and changes as well as any recent Court Decisions that can impact his clients. He understands the current bankruptcy laws and can help you discover what debt relief option is best for you.

Bankruptcy Is Always an Option for Consumers

Contact a San Diego bankruptcy lawyer to schedule an initial consultation. You still have the right to a fresh start. Attorney Rausa will work hard to protect that right. Call us toll free at (619)295-3322.

Myths About Bankruptcy Law

Myth: You cannot stop a foreclosure even if you file for bankruptcy.
Truth: Bankruptcy filings can put an immediate halt to foreclosure proceedings, so you have time to think about your options.

Myth: You cannot address delinquent taxes in a Bankruptcy.
Truth: Consumers can still file Chapter 7 and Chapter 13 bankruptcy petitions to address all tax issues as well as credit card debt, medical bills, foreclosure and car repossession.

Myth: Medical and credit card bills cannot be discharged.
Truth: A bankruptcy filing can help you address debt from medical bills and credit cards.

Myth: You will have to relinquish your personal vehicles when filing for bankruptcy.
Truth: Your debt relief plan can protect your essential assets such as motor vehicles.

Myth: Bankruptcy cannot assist individuals with student loan debt.
Truth: A recent trend in Bankruptcy Case Law allows individuals with student loan debt to restructure, negotiate, and discharge student loan debt.

Contact Bankruptcy Attorney D.J. Rausa in San Diego and Mission Valley

At best, myths such as these are inaccurate statements of the law. At worst, they intimidate consumers who could significantly improve their lives through bankruptcy protection.

If you have questions about bankruptcy, contact San Diego bankruptcy lawyer D.J. Rausa at (619)295-3322.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Mission Valley & San Diego Bankruptcy and Income Tax Relief Lawyer

Although federal or state tax debt can present special difficulties for bankruptcies, attorney D.J. Rausa can help clients understand their specific options. Some tax debts cannot be discharged, and some or all of the debt will need to be paid after the bankruptcy has concluded.

If federal or California tax debt worries are weighing on you, your family or your business, contact D.J. Rausa to learn about your options. He can devise a strategy to help you achieve the highest level of tax relief possible.

Speak with Bankruptcy Attorney D.J. Rausa

During your attorney consultation, please bring any letters you have received regarding your tax debt as well as your own tax records. You will find out what options are available to reduce or eliminate your tax problems. D.J. Rausa, will work hard to obtain a fresh start for you. Contact him today to schedule an initial consultation. Call (619)295-3322.

Free initial consultation * Available 24 hours a day * Evening and weekend appointments available

Understanding the Truth About Short Sales | San Diego Attorney | Mission Valley Attorney 

Avoiding More Trouble. Avoiding Short Sales.

Short sales may seem like a promising option for homeowners who want to avoid foreclosure. A bank may even agree to sell the property at a loss. However, while the bank and realtor receive some benefits — they do not have to pay large foreclosure fees — the short sale process rarely benefits homeowners. It only accelerates the time the homeowner has to move out.

As an experienced bankruptcy and foreclosure lawyer, D.J. Rausa has helped clients find workable debt relief solutions for more over 20 years. He has a clear understanding of the options available to clients who risk losing their homes. Before the mortgage company talks you into a foreclosure or short sale, talk to him to learn the truth about short sales.

The Dangers of Short Sales

The short sale process can be very frustrating. Mortgage companies have a variety of requirements, including requiring extensive financial disclosures. Furthermore, they often lack the key personnel and decision-makers to authorize a short sale, which slows down the process. Other short sale dangers include:

  • Serious tax consequences: California taxes homeowners on the debt they lose by getting rid of their homes.
  • Fees and costs: You may have to pay fees and costs related to your home's sale.
  • Foreclosure: The short sale does not stop or suspend the foreclosure process, absent voluntary suspension by the mortgage company.
  • Mortgage company disagreements: If there are two mortgages involved in a short sale, one mortgage company may agree to it while the other may not.
  • Misinformation from real estate agents: Most real estate agents are not well-trained in short sales and fail to advise their clients correctly.

Finally, if the short sale process goes through and you encounter problems, it will be too late to get relief through Chapter 7 or Chapter 13 bankruptcy.

Engage a Lawyer Early

The best way to prevent problems is to engage an attorney early in the process. Attorney Rausa will ensure that your rights are protected and that you avoid any negative ramifications from the sale of your home. He provides mortgage advice and will discuss all potential options, including strategic foreclosure or bankruptcy.

Contact a Mission Valley, CA, Mortgage Advice Lawyer

Learn the truth about short sales and home foreclosure. Call D.J. Rausa toll free at (619)295-3322 to schedule a free initial consultation with an experienced San Diego home foreclosure lawyer. Consultations are available by appointment during regular business hours. Evening and Saturday appointments are also available.

Free Initial Consultations * Available Evening and Weekend Appointments

San Diego Foreclosure Lawyer

San Diego foreclosure lawyer D.J. Rausa works closely with clients to stop foreclosures and provide relief from other real estate debt challenges.

Circumstances That May Lead to Foreclosure

Clients who are facing foreclosure are frequently victims of unforeseen circumstances. They may have suffered a serious illness and been unable to work. The house may have required essential and expensive repairs. They may have been victimized by predatory lenders. They may have borrowed money against a home that is now worth less than they owe. San Diego foreclosure attorney Rausa can help stop foreclosure proceedings and give clients a chance to address their financial problems.

Learn More About Foreclosure – Contact a San Diego Foreclosure Attorney

To learn about your options in foreclosure, schedule a free consultation with foreclosure attorney Rausa. Call toll free at (619)295-3322.

Alternatives to Foreclosure

When a bankruptcy filing is completed (usually a Chapter 13), foreclosure proceedings can stop. Creditor harassment - including threatening notices - also stop, giving you time to get back on track.

Contact Us for Foreclosure Options in San Diego County

If you are facing foreclosure on your home, talk with a lawyer who can advise you on your options. San Diego foreclosure attorney D.J. Rausa can help you determine what is best for you. Contact him to schedule a free consultation. Call toll free at (619)295-3322.

Free initial consultation * Available 24 hours a day * Evening and weekend appointments possible

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Thank you DJ!

I had no idea where to start with my bankruptcy and process. After my first meeting with DJ I felt confident that things were going to go well. He helped guide me through the entire process and time. 

He's very professional and courteous, thorough and extremely knowledgeable. 

I would recommend anyone that needs a bankruptcy lawyer/ student loans. 

Don't have a second thought when choosing DJ Rausa!

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Posted by a client - February 15, 2016

AVVO Lawyer Rating is Superb!

Respected Legal Source

D.J. Rausa interviewed by the Wall Street Journal for article on Bankruptcy and Student Loan Debt.

D.J. Rausa is recognized as a legal expert in Student Loan Debt Resolution and the associated Bankruptcy Laws.

Read what D.J. recently told The Wall Street Journal regarding the probable rise in Student Loan Debt Resolution through Bankruptcy.

Client Testimonial

To whom it may concern,
Mr. Rausa is extremely knowledgeable with the complexities of Federal Student Loans.
I went from a thriving career to full medical disability, ending with an SSDI placement. Unfortunately, I lost everything and became unable to continue making the student loan payments, so it was in deferment for over five years. When the SSDI settled I tried to negotiate an affordable payment plan with the loan holders but they refused my efforts, instead demanding over twice the amount I could afford.
I contacted Mr. Rausa and found him to be courteous, responsive and quick to assess my situation. He was sure he could help and took time to answer all questions, which relieved much anxiety. Within months he successfully resolved the debt! With much confidence, I highly recommend Mr. Rausa.
Please contact me if you have any additional questions.
Sincerely,
 CJWaldenSignature
CJW
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