Bankruptcy Pros and Cons When facing Foreclosure

People facing foreclosure have a lot of issues and concerns. They are especially in need of advice.

This article I wrote for our local bar journal, to be published in April covers three topics:

(1) liability if the property is vacated before delivery of the Sheriff’s deed;
(2) risks of possible deficiency liability; and
(3) a quick but not dispositive discussion of some possible tax liabilities.

These are all important to deciding whether to do a short sale or deed in lieu of foreclosure, file for bankruptcy, or ride it out to the Sheriff’s sale.

Read article here.



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