Tacoma Bankruptcy Attorney Dave Yando: New Bankruptcies, Foreclosures after Seattle Times Report

Feb. 9, 2011 - PRLog -- More than a third of Seattle-Tacoma homeowners owe more on their homes than their property is worth which means the rate of foreclosures and bankruptcies will continue to rise, according to Tacoma bankruptcy attorney Dave Yando.

However, Mr. Yando provides debt solutions for the consumer including services to stop foreclosure for homeowners on their mortgage in the Seattle and Tacoma areas (http://www.yandolaw.com).

“In an article entitled, “Third of homes in Seattle metro area worth less than what’s owed,” The Seattle Times reported 34.3 percent of homeowners in the greater Seattle-Tacoma region are underwater with their mortgages in an article.  

The newspaper article on Feb. 8, 2011 quotes data from Zillow.com.

“The fact that one third of homeowners in the Seattle/Tacoma area are underwater on their mortgages will certainly lead to more foreclosures and bankruptcy filings,” predicts Mr. Yando, the longtime Tacoma bankruptcy lawyer.  

Mr. Yando has 30 years experience in preventing foreclosures as well as in bankruptcy, real estate and taxation law. He is credited with personally providing debt solutions and bankruptcy services for thousands of businesses and people in the Seattle-Tacoma area.

“For those individuals who owe significantly more on their mortgages than the home is worth, it no longer makes good economic sense to continue paying their mortgages,” says Mr. Yando.

“The Seattle-Tacoma area is catching up on the national trend of homeowners simply walking away from their homes and allowing them to go into foreclosure,” Mr. Yando points out.  

“For those individuals with large second mortgages that are not cancelled in a non-judicial foreclosure, bankruptcy may be the only means of relieving their liability for a home they no longer own,” explains Mr. Yando.

Mr. Yando provides complementary tips on Foreclosure Relief (http://www.yandolaw.com/foreclosure-relief).

Mr. Yando’s Tacoma Web site also explains how You Can File Bankruptcy and Keep Your Home (http://www.yandolaw.com/archives/270).

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Tacoma attorney David Yando helps businesses and people with debt relief and bankruptcy services. He has more than 30 years of hands on experience in planning and litigating debt relief matters. This includes preventing foreclosure, bankruptcy, real estate and taxation.