Atlanta Bankruptcy Law Blog

Georgia residents: You don't have to deal with foreclosure alone

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, June 3, 2015.

If you have been notified that you are at risk of losing your home in foreclosure, you may be tempted to do whatever you can to keep anyone else from knowing about the problem. Some people ignore notifications from their mortgage holder; other people will sit back and hope the problem solves itself. Many people don't think about reaching out to discuss their options with someone else.

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Tags: Foreclosure

Homeowners: once bitten, twice shy?

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, May 6, 2015.

Losing a home in foreclosure can be an extremely upsetting experience for any homeowner in Atlanta. Unfortunately, it is an experience that far too many people have had in the past decade thanks to the volatile housing market and troubling loan practices. Because of these factors, millions of people went through foreclosure in the past 10 years.

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Tags: Foreclosure

Homeowners staying in their home even after missed payments

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, April 3, 2015.

If you have fallen behind in your mortgage payments or have received a notice of foreclosure, you could be extremely concerned about whether -- and when -- you'll have to move. In some cases, homeowners or renters will just move out, assuming they have no other option or as a way to just move forward.

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Tags: Foreclosure

What options are available for people with underwater mortgages?

On behalf of Gingold & Gingold LLC posted in Foreclosure on Saturday, February 28, 2015.

A home is an extremely important asset to people all across Atlanta. For most homeowners, a house is the single most expensive thing they own and it can be a source of great pride and comfort.

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Tags: Foreclosure

Facing foreclosure? What you need to know

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, January 7, 2015.

There are millions of people in the U.S. who are trying to deal with overwhelming stress stemming from debt, unemployment and unpaid bills. A seemingly constant stream of calls from creditors combined with the penalties of falling behind on payments only make matters worse.

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Tags: Foreclosure

Know your rights and options if you are facing foreclosure

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, November 21, 2014.

Millions of Americans are struggling financially. People are dealing with unemployment or working in jobs that do not pay enough to cover living expenses; people also owe huge amounts of money in medical bills and student loans. Those who are in this situation often find themselves buried under unmanageable debt.

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Tags: Foreclosure

Bankruptcy lien stripping may sound good, but leave you exposed

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, August 29, 2014.

The recession may be over and home values rebounding in Atlanta and much of the rest of the country. But in the depths of the recent economic distress there were many who found themselves holding onto treasured homes that were no longer worth the paper their mortgages were written on.

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Tags: Foreclosure

Getting Homesafe Georgia up to speed preventing foreclosures

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, August 18, 2014.

Getting behind on your mortgage payment one month or two may not be the beginning of the end. But becoming delinquent on payments for an extended period of time can result in you receiving word that the bank is looking to take your home through foreclosure.

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Tags: Bankruptcy, foreclosure, homeowner

SunTrust Banks settles its foreclosure debacle in Georgia

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, July 4, 2014.

The housing crisis may be over, but the federal government and the state of Georgia are still working to clean up the mess. SunTrust Banks, which is based in Atlanta, is the latest in a line of financial institutions to settle with government entities regarding deficient mortgage and foreclosure practices. The nearly $1 billion settlement could provide some relief for homeowners in the state.

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Tags: Bankruptcy, filing for bankruptcy, foreclosure, homeowner, mortgage payments

Housing market optimism may be rising, but is it in Atlanta?

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, May 13, 2014.

The word "foreclosure" isn't being used as much these days as it used to. The economy has started to climb out of the basement. And as it has, the housing market has been recovering, too.

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Tags: Foreclosure

With federal dollars to spend, Georgia looks to help homeowners

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, March 13, 2014.

Even though the worst of the recession hit a few years ago, thousands of homes in Georgia continue to face foreclosure. As we discussed in a post last month, a quarter of homeowners in Atlanta have more in mortgage debt than their homes are worth. What some people in this situation may not realize, however, is that there are ways to get help and possibly save their homes.

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Tags: Bankruptcy, foreclosure, homeowner, mortgage payments

Atlanta foreclosure rates are down but not out

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, February 20, 2014.

There are few things more frightening than losing your home. Going from sleeping in your bed to sleeping in a hotel room or on a friend’s couch is more than a financial burden; it’s an emotional burden. Regardless of the reason, when you find yourself unable to handle your mortgage payments, you may end up facing foreclosure proceedings. And while foreclosure rates in Georgia are falling, the dangers may still be real.

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Tags: Bankruptcy, filing for bankruptcy, foreclosure, homeowner, mortgage lender, mortgage payments, stop foreclosure