“Oceanside Oscar” was a real estate agent in San Diego county, having began his career during the housing boom of the early and mid 2000’s. Oceanside Oscar grew accustomed to his days of large commissions and easy living, thinking the good days would last forever. Oceanside Oscar bought a big house in Oceanside, secured by a five hundred thousand dollar mortgage. Oceanside Oscar also financed a new Mercedes for sixty thousand dollars. In 2009 during the great recession, Oceanside Oscar lost his job and was unable to sell any real estate because of tightening credit standards. There was nothing left to borrow. A decision was made to contact a bankruptcy attorney in Oceanside. During the meeting with bankruptcy attorney Jeffrey D. Larkin, Oceanside Oscar explained that he could no longer afford the payment on his house or car. Mr. Larkin reviewed his options and decided it would be best to file for Chapter 7 bankruptcy protection and surrender the house and car. The debt relief plan put in place by Larkin Law allowed Oceanside Oscar to stay into his house for 6 months without paying his mortgage which freed up additional funds to save for a rental deposit on a new place and a down payment on a used Toyota Corolla that gets 40 miles per gallon. Oceanside Oscar’s expenses were reduced to an amount he could afford and he eliminated all of his outstanding debts.
If you or someone you know has a financial problem and needs to be pointed in the right direction, contact Oceanside bankruptcy lawyer Jeffrey D. Larkin. Get a free, confidential consultation and answers to all of your bankruptcy questions.
Oceanside is the third largest city in San Diego County, boasting a population of more than 171,293 residents. Oceanside is a coastal city that is a popular choice for vacationers, as a result of its beach community and extensive vacation homes. Oceanside is also located near Camp Pendleton, a large, marine military base. Oceanside is located in North San Diego county. Points of interest include the Oceanside Pier, Oceanside Harbor, Oceanside Museum of Art and Mission San Luis Rey de Francia.
The estimated median house or condo in Oceanside is valued at $356,500 and the average median income per household is $61,181. The city of Oceanside also offers affordable living for low to moderate income families.