Atlanta Bankruptcy Law Blog

Recovery stalls for Atlanta housing market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, December 26, 2012.

When the economic recession hit in 2008, home prices in the Atlanta metro area bottomed out, causing thousands of area homeowners to be saddled with underwater mortgages and forcing many into default or foreclosure. And while the housing markets of many other cities and metro areas have significantly improved in the years since the recession, that has not been the case in Atlanta, where home prices have remained low and mortgages have remained underwater.

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Tags: Atlanta, foreclosure, home prices, housing market, underwater mortgage

Foreclosure notices continue to decline in Atlanta

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, September 12, 2012.

Continuing the downward trend, the number of foreclosure notices filed in the Atlanta metro area once again fell this month. Now, analysts are working to identify the cause of the continuing decline, with many hoping it means that the worst of the foreclosure and housing crisis has come and gone in Atlanta.

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Tags: Atlanta, foreclosure, home prices, housing market, underwater mortgage

Underwater mortgages plague half of Atlanta homeowners

On behalf of Gingold & Gingold LLC posted in Foreclosure on Saturday, August 25, 2012.

In a recent report on mortgage equity in the U.S., there was good news and bad news for residents of metro Atlanta. In the former category, the percentage of Atlanta homeowners who owe more on their mortgage than their home is worth declined by nearly one percent from the first quarter of 2012 to the second.

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Tags: Atlanta, foreclosure, home prices, homeowner, underwater mortgage

Foreclosures are turning homeowners into renters

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, June 13, 2012.

For many decades, homeownership has been an essential component of the "American Dream." But now, with so many underwater mortgages, repossessions and foreclosures forcing homeowners from their homes, families in Douglasville and throughout the state and country are giving up on that particular aspiration and choosing to rent instead.

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Tags: foreclosure, home prices, homeowner, renters, underwater mortgage

Atlanta home prices continue to fall

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, January 31, 2012.

Although there have been small signs of recovery in the job market and economy as a whole, recently released data indicates that it will probably be some time before the housing market recovers. In fact, the market has worsened, with home prices continuing a three-month decline in November, the most recent month for which data is available.

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Tags: Atlanta, economy, foreclosure, home prices, housing market