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Atlanta foreclosures reach lowest level since recession Atlanta, GA

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Atlanta foreclosures reach lowest level since recession

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

It’s easy to focus on the negative news about the housing market and the economic recovery here in Atlanta and around the country. Atlanta homeowners still have a long way to go before the city is out of the financial state that resulted from the recession, but the good news is that statistically speaking, the city has made a lot of progress.

In fact, recent numbers show that metro Atlanta had the lowest number of foreclosure notices this month since 2007. Foreclosure notices are advertised in the newspaper as required by law, and this month there were 4,531 foreclosure notices placed for the upcoming month. That figure is still high compared with historical averages, but in more recent years it is relatively low.

This is good news for several reasons, but mostly because fewer foreclosures means that there are fewer underpriced homes on the market that drag down prices for all homes. As housing prices have the opportunity to rise slightly, homes that have been underwater on their mortgages (mortgaged for more than they are worth) may be able to narrow the gap between value and debt, making it easier to sell and avoid foreclosures.

An expert and spokesperson for Equity Depot, a company that tracks month foreclosure notices, told reporters that the statistics do show that the housing market will recover, “Property values are going to start ticking up again. They have to,” he said.

Home prices did rise in the last quarter of 2012, increasing by about 10 percent overall according to the National Association of Realtors.

Source: Atlanta Journal Constitution, “Foreclosure notices at lowest level in years,” Arielle Kass, Feb. 11, 2013.

Information about the foreclosure process in Georgia is available on our website.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

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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!

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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.

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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.

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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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