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Underwater Mortgages Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

Underwater Mortgages

Helping Clients Get Out Of Upside-Down Home Loans

Are you underwater on your mortgage? Are you looking for a way out of your current situation that will enable you to get your finances back on track? If so, our experienced bankruptcy lawyers at the Atlanta law firm of Gingold & Gingold LLC can help.

Our firm is made up of 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 practiced bankruptcy, real estate and business law in Georgia since 2001. As one of the premier bankruptcy law firms in the region, we have extensive experience helping clients get out of underwater mortgages.

What To Do When You Have Negative Home Equity?

According to Zillow, the Atlanta metro area is one of the hardest-hit areas of the country for underwater mortgages, with 55 percent of homeowners owing more on their loans than their homes are currently worth. Homeowners under 40 are especially likely to be underwater.

While some underwater homeowners can afford to hold out until prices increase, others cannot and need solutions. Our attorneys can help you decide what to do if:

  • You can’t afford your mortgage payments and are facing the threat of foreclosure;
  • You are going through a divorce, and neither spouse wants to keep the house; or
  • You have to move to accept a new job or accommodate a larger family.

In many cases, bankruptcy is the best option for wiping out an underwater mortgage. Unlike a short sale, bankruptcy wipes out any deficiency balance that is left over after you sell or give up your home. Bankruptcy also offers major benefits for getting rid of second mortgages.

Stop Foreclosure · Contact Our Lawyers

If you are stuck in an underwater mortgage, our Atlanta attorneys can explain the choices available to you and help you file bankruptcy if you decide to go that route. For a free initial consultation, contact us at (404) 685-8800 or by e-mail.

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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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