Atlanta Bankruptcy Law Blog

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

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

Scams abound in foreclosure market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, December 12, 2013.

Americans have been hammered with news about the foreclosure crisis in the United States. It seems like every day there is another news report or newspaper article about mortgages in trouble and the number of bankruptcies cropping up across the country. It may have happened to your neighbor or a co-worker. In fact, you may be facing these issues yourself. Georgia is among the states hardest hit by this crisis. When your income gets tight and the financial challenges continue to mount, what do you do?

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Tags: financial challenges, foreclosure, foreclosure fraud, homeowner, income

Owners are losing homes while trying to modify mortgages

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, September 12, 2013.

We have previously discussed the settlement agreement banks reached with federal regulators after an investigation revealed that many banks were foreclosing on homes that were not even in default, among other unscrupulous tactics. Borrowers in Georgia were to recieve $3.6 billion of that foreclosure settlement; in total, the largest banks in the U.S. agreed to pay $25 billion to settle the claims of the regulators.

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Tags: foreclosure, homeowner, mortgage lender

Wrongful foreclosure lawsuit hits JPMorgan Chase

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, July 17, 2013.

The foreclosure crisis has claimed the homes of many Atlanta area residents in recent years. While the housing bubble and its subsequent burst are very complicated matters, we now know that systematic wrongdoing on the part of banks was a factor in the crisis. Improper foreclosures have, unfortunately, likely impacted many families here in Georgia.

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Tags: Bankruptcy, foreclosure, homeowner, mortgage payments

Atlanta stands among cities with the most abandoned homes

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, June 28, 2013.

Although the housing market may be improving, many families here in Atlanta are still struggling and this is evidenced by the number of foreclosed and vacant homes in the area. A recent news report published by USA Today states that one in five homes nationwide that are in the foreclosure process have been abandoned by homeowners. Atlanta is among the cities with the most vacant homes.

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Tags: Bankruptcy, foreclosure, homeowner, stop foreclosure

Loan modification offer leads to wrongful foreclosure by bank

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, May 28, 2013.

A bus driver and father of three says that Wells Fargo bank began foreclosure proceedings on his home despite the fact that he was completely up to date on his payment schedule.

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Tags: foreclosure, homeowner

Many home buyers confused about mortgage terms

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, May 10, 2013.

A recent survey by the popular real estate site Zillow found that about one-third of the time, homebuyers have incorrect information about how to choose a mortgage and what the different terms or a mortgage agreement are. For example, many people don't know that APR stands for annual percentage rate. Another example is the availability of mortgages with varying levels of down payments. 31 percent of people buying homes are under the false impression that it is impossible to get a mortgage that requires a down-payment of less than five percent.

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Tags: foreclosure, homeowner

Banks under fire for loan modification failures

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, May 7, 2013.

A state-level Attorney General is says he will file a lawsuit against the nation's largest and most powerful banks if they do not come into compliance with the recent settlement agreement over unfair foreclosure practices.

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Tags: foreclosure, homeowner

Bank settlement offers partial relief for some wronged borrowers

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, January 15, 2013.

Federal regulators announced a deal worth approximately $8.5 billion in a settlement with ten different banks which promises justice for borrowers who were wronged by careless foreclosure practices. The deal may offer relief for many homeowners who were unfairly foreclosed upon by the banks, but some worry that the hasty conclusion of a partial review of the records by government regulators means that the sum will be insufficient to remedy the full scope of the damage.

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Tags: bank misconduct, distressed homeowners, foreclosure fraud, loan modications