Recently the West Valley View, the newspaper serving the communities of Avondale, Buckeye, Goodyear, Litchfield Park, and Tolleson ran an article on the tough economic times Arizona as a whole can look forward to over the next few years. Sadly, most Arizona residents had already come to this realization. The combination of the bursting of the massive housing bubble in Arizona and current rock-bottom housing values has left a look of people in a valueless house. Sprinkle in a dose of high unemployment and suddenly you have the making of a housing crisis.
A quick search of foreclosures in Avondale shows over six hundred homes are in foreclosure. That’s just houses in Avondale that are actually in foreclosure, a search for “Avondale per-foreclosures” shows nearly one thousand homes. Avondale is just a microcosm of what is happening through out Arizona, high mortgage payments on low value homes. Prescott, Kingman, Yuma, and every other city is suffering the same fate as Avondale.
Often times foreclosure is just a symptom of a greater problem, excessive debt. When excessive debt hits, a family has very few options to get out from under the foot of predatory credit card companies. That’s where bankruptcy comes in. A chapter 7 or 13 bankruptcy will allow you to free yourselves from the shackles of excessive debt. If you are one of the many people suffering from crushing debt, we’re here to help.
Call our Avondale bankruptcy and foreclosure defense team at 623-258-4480 or send us an e-mail, and we will respond promptly. We look forward to helping you.