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Former Wall Street Attorney Without the Price

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Thursday, June 3, 2010

Bankruptcy and Strategic Default

Bankruptcy is an option many people are turning to in this dire economy. A new wave of filings are being attributed to the "strategic default" strategy many home owners are employing.

Strategic default refers to a default/foreclosure of a house that homeowners believe will not grow in value for a long time. These homes are often owned by professionals who see their homes as money pits instead of smart investment. For these people, they believe giving up the home and starting fresh is the best strategy for them. A good bankruptcy attorney is essential for such maneuvers. The current buyers market is a great time for professionals to invest in real estate. House Prices have reached a 10 year low and are expected to bottom out soon.

The Law Office of Roman P. Mosqueda is a full service law firm that has been around for over 30 years. If you are interested in learning more about bankruptcy please watch this 2 min youtube video:


Bankruptcy 101 Tutorial Video


Or call our offices for a free consultation: at (213) 252 - 9481

Learn more at: www.MosquedaLaw.com

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Roman P. Mosqueda

Roman P. Mosqueda
Graduated from Michigan Law School with both an LLM and SJD. For more information check out www.MosquedaLaw.com