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Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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2009 O.C. Bankruptcy Filings Highest In Decade

February 9th, 2010 • Related • Filed Under

In 2009, the highest number of Orange County individuals and businesses filed for protection chartin the federal bankruptcy court in at least a decade.

In Orange County, filings for the year were 64.1% higher than in 2008 and throughout the entire Central District (which includes most of Southern California) filings were 64.9% higher than the previous year.

About 84% of Orange County’s bankruptcy filings are Chapter 7 liquidations, 1.8% Chapter 11 business reorganization and 13.7% Chapter 13 individual reorganizations.

Many more middle-class people are looking to bankruptcy as a way to save their homes or for  their lenders into giving them loan modifications.

Bankruptcy experts have predicted that the number of bankruptcy filings will continue to increase in 2010, with an actually decline in the number of filings not happening until three to five years from now.

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