Seattle area consumers who are now attempting to evaluate whether to keep their homes through either bankruptcy or modification or let the house go and take their chances on the rental market should keep in mind that rents will be rising in the Seattle area.
A recent report shows that apartment rents will rise almost three percent between September and March. In and of itself this would not be so horrible if Seattle rents had not already risen eight percent in the last year alone. When you consider that the average rent for a one-bedroom apartment is already $1802, the evaluation of whether to keep a home or at least put off the foreclosure process becomes even more difficult to wade through.
If you live in the Seattle area and want help evaluating whether to use Chapter 13 Bankruptcy as a tool for either keeping your home of extending your time in it, please call me directly at 206-674-4559 or set an appointment with us at our Seattle Office.