Skip to main content
(678) 915-2634 Contact Us
Atlanta foreclosure rates are down but not out Atlanta, GA

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

Client Reviews

Atlanta foreclosure rates are down but not out

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

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.

While foreclosure doesn’t appear to be as much of a problem at the moment, the rates may be balancing on thin ice. A quarter of Atlanta homeowners owe more in mortgage payments than their homes are worth, meaning that while the economy is growing, some homeowners aren’t necessarily able to benefit. As the mortgage payments continue to pile up, these residents may be at risk of foreclosure if they are met with unforeseen financial burdens, such as loss of employment.

As sobering as it is to hear, reduced foreclosure rates don’t necessarily mean that foreclosure is becoming any less of a threat. The falling foreclosure rates are held within a bubble, to which the slightest puncture could spell disaster for a large portion of Atlanta homeowners. But all hope is not lost. The economy may continue to improve, and these residents may be able to manage their mortgage payments. If not, there are still other options besides foreclosure.

Some may not find bankruptcy to be the most comforting word, but if they knew that bankruptcy could stop foreclosure, they might think differently. Filing for bankruptcy puts an automatic stay into effect that stops creditors, including mortgage lenders, from taking legal action against you. This can give you the time you need to regain control of your finances. If you or a loved one risks facing foreclosure, know that there are options.

Source: The Atlanta Journal-Constitution, “Foreclosure notices stay low, but may mask problems,” Arielle Kass, Feb. 10, 2014

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


First Free

    DisclaimerPrivacy Policy

    I have read the Disclaimer and Privacy Policy

    Our Client Reviews

    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!!

    Write a review