Georgia Foreclosure Prevention Lawyers
Advising Clients on Loan Modification and Mortgage Assistance
Ever since the housing crisis began, driving millions of Americans into foreclosure, the government has tried to encourage the banks to modify mortgage loans so families can stay in their homes while making reduced monthly payments they can afford. Unfortunately, in many cases, individuals who attempt to negotiate loan modifications end up losing their homes.
At the law firm of Gingold & Gingold LLC, our Atlanta foreclosure prevention attorneys are committed to helping clients in Georgia keep their homes. If you have fallen behind on your mortgage, you should not try to deal with the banks on your own. Our experienced lawyers can advise you on all of your choices, from loan modification to Chapter 13 bankruptcy.
Our firm is made up of two attorneys: Ira D. Gingold, who has been a bankruptcy lawyer since 1971 and Court-appointed Bankruptcy Trustee from 1971-2013, and Jamie L. Gingold, who has gained extensive experience practicing real estate, business and bankruptcy law since 2001.
Helping Clients Get Results Without Taking Unnecessary Risks
Many banks will not even consider a loan modification request until you are behind on your mortgage payments. At that point, your bank may lower your payments for a three month trial period. However, just because you make your payments on time and cooperate with the bank does not mean that your request for a permanent loan modification will be approved.
It is very dangerous to try to negotiate a loan modification with your bank on your own, especially if this involves deliberately falling behind on your mortgage payments.
All too often, people who think they are on the right track to getting their loans modified end up losing their homes in foreclosure. Many of these people would have been able to catch up their loans by filing Chapter 13 bankruptcy and putting their missed payments in an affordable Chapter 13 repayment plan.
Loan Modification Attorneys · Free Consultation
Our attorneys pay close attention to developments in loan modification and mortgage assistance programs, and we can advise you on your options. To schedule a free initial consultation, contact us today at (404) 685-8800 or by e-mail.