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Are You Underwater On Your Georgia Mortgage? Atlanta, GA

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Are You Underwater On Your Georgia Mortgage?

Foreclosue Sign on Top of For Sale Sign in Front of House

Even if you were not directly affected by the housing market crash of the late 2000’s, perhaps you can recall its devastation, as homeowners lost a considerable portion of their home’s value. In effect, many found that they were “underwater” relating to their mortgage, as the balance of their loan became higher than the market value of the home. Needless to say, some continue to experience difficulties in the aftermath of the market crash. Are you underwater on your Georgia mortgage?

To better understand, when the market value of one’s home is less than what is owed on the home in a mortgage agreement, it is not easy for homeowners to sell their home. This is because buyers generally purchase based on market value, and this sale price is simply not enough to pay off the debt associated with the mortgage. What’s more is that homeowners attempting to refinance at a lower interest rate are not able to, because the value of the property is not enough. When a homeowner is in a position where he or she needs to sell the home or refinance it, and they cannot do so, they are often left to foreclose on the home.

Given the large number of underwater mortgages across the state, advocates have come up with ways to help homeowners keep their heads above water, so to speak. Some of these include loan modification or a short sale, as well as renting out one’s home or renovating it to increase its value. Even so, many decide to walk away from their mortgages when they feel as though foreclosure is the only option.

The Fresh Financial Start That You Need And Deserve

At Gingold & Gingold, LLC, we understand that the thought of losing one’s home is devastating. As experienced bankruptcy attorneys, we commit to helping clients stop foreclosure, so that they can get the fresh financial start that they need and deserve. To evaluate your opportunities in a free initial consultation, call Gingold & Gingold, LLC today.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


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    Jamie L. Gingold, PC
    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!

    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.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

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