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Are You Still Underwater On Your Mortgage? Atlanta, GA

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Are You Still Underwater On Your Mortgage?

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While it has been over a decade since the burst of the housing bubble, many homeowners across the Atlanta-metro area continue to experience the devastation of not being able to pay off their mortgages by selling their homes. As such, these homeowners are considered “underwater” on their mortgages.

To be clear, being underwater on a mortgage doesn’t prevent a family from selling their home. It simply means that they cannot do so without taking a substantial loss. In other words, there’s a huge discrepancy between their mortgage and the true value of their home. Moreover, it also means that homeowners cannot take money from their home (through refinancing) to cover an unexpected expense. While there has been a steady increase in the housing market, it is painfully slow.

Are you still underwater on your mortgage? Are you in a position where you need a quick solution? Perhaps you’re hoping to avoid foreclosure. Maybe you need to sell because you are going through a divorce, or you have accepted a job elsewhere and need to relocate. Whatever the case, the premier bankruptcy law firm Gingold & Gingold, LLC, can help, as we hold extensive experience helping clients get out of underwater mortgages.

How Filing Bankruptcy Could Ease The Underwater Mortgage Crisis

AllLaw explains that filing a bankruptcy case might give homeowners the tools they need to make the mortgage easier to justify while waiting on the value to increase. Thus, options include filing Chapter 7 or Chapter 13 bankruptcy, and other options depend on which chapter one files. Even so, once a filing is complete, the responsibility of a homeowner to pay the debt is discharged. In a basic sense, a bankruptcy discharge prevents a creditor from coming after someone to pay a debt.

Gingold & Gingold LLC: Protecting Your Home

As caring and compassionate bankruptcy attorneys, the team at Gingold & Gingold LLC realizes that the thought of losing one’s home is terrifying and incredibly stressful. Yet, we have the skills and knowledge to help homeowners across the Atlanta metro area avoid this loss by protecting their home.

Call Gingold & Gingold LLC today for a free initial consultation to discuss your options.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (678) 915-2634

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    Our Client Reviews

    Gingold & Gingold LLC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    All C.

    Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Sherard W.

    I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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