Atlanta Bankruptcy Law Blog

Atlanta foreclosures reach lowest level since recession

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, February 14, 2013.

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.

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Tags: foreclosure rates, housing market, recession

Recovery stalls for Atlanta housing market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, December 26, 2012.

When the economic recession hit in 2008, home prices in the Atlanta metro area bottomed out, causing thousands of area homeowners to be saddled with underwater mortgages and forcing many into default or foreclosure. And while the housing markets of many other cities and metro areas have significantly improved in the years since the recession, that has not been the case in Atlanta, where home prices have remained low and mortgages have remained underwater.

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Tags: Atlanta, foreclosure, home prices, housing market, underwater mortgage

Foreclosure notices continue to decline in Atlanta

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, September 12, 2012.

Continuing the downward trend, the number of foreclosure notices filed in the Atlanta metro area once again fell this month. Now, analysts are working to identify the cause of the continuing decline, with many hoping it means that the worst of the foreclosure and housing crisis has come and gone in Atlanta.

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Tags: Atlanta, foreclosure, home prices, housing market, underwater mortgage

Report: Mounting student loan debt may harm housing market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Wednesday, April 18, 2012.

With ever-increasing tuition costs and high student debt amounts, it is no surprise that fewer recent college graduates are finding themselves a financial position to buy a home than members of previous generations. But now, financial analysts are saying that the mounting student loan debt and resulting inability to make large-scale purchases could cause significant damage to the already-struggling housing markets in Georgia and throughout the country.

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Tags: housing market, student loan debt, student loans

Atlanta home prices continue to fall

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, January 31, 2012.

Although there have been small signs of recovery in the job market and economy as a whole, recently released data indicates that it will probably be some time before the housing market recovers. In fact, the market has worsened, with home prices continuing a three-month decline in November, the most recent month for which data is available.

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Tags: Atlanta, economy, foreclosure, home prices, housing market

Economists predict a new wave of foreclosures in 2012

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, December 16, 2011.

Although the robo-signing scandal and resulting foreclosure slowdown happened nearly a year ago, it seems to still be affecting foreclosure activity in a fairly major way. Specifically, movement on repossessions and foreclosures has slowed down significantly in the past year as banks have worked through their paperwork problems. But according to housing market analysts, that slowdown will likely end in the coming months as banks begin to push foreclosure documents through the courts.

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Tags: Georgia, banks, foreclosure, foreclosure rates, housing market

Mortgage delinquencies increase in third quarter

On behalf of Gingold & Gingold LLC posted in Foreclosure on Friday, November 25, 2011.

From June to September of this year, the rate of homeowners who were delinquent on their mortgages increased. According to credit reporting agency TransUnion, 5.88 percent of mortgage holders were more than 60 days late on at least two mortgage payments, an increase from the previous quarter's rate of 5.82. Only 10 states and the District of Columbia did not experience an increase in delinquency rates.

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Tags: foreclosure, homeowner, housing market, mortgage, mortgage delinquency

Foreclosure in Georgia's high-end housing market

On behalf of Gingold & Gingold LLC posted in Foreclosure on Thursday, November 10, 2011.

Although the economic recession and its lingering effects have had a negative effect on people in all economic classes, data appears to indicate that poorer people are experiencing greater difficulty in recovering from the recession. For example, while the slump in high-end home sales has been low in recent months and years, it has not been nearly as low as the plummeting sales figures for average-priced homes.

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Tags: Georgia, foreclosure, foreclosure rates, housing market

Unemployment and debt force young adults to live with parents

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, November 8, 2011.

College graduation is supposed to be an exciting time, as students celebrate their accomplishments and look forward to the life and career ahead of them. However, as the economy continues to struggle, many young adults in Georgia and throughout the country are finding out that their college graduation may not be the beginning of a successful, prosperous life, after all.

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Tags: bankruptcy, college graduates, housing market, student loans, unemployment

Unemployment rate drops in October

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, November 4, 2011.

The unemployment rate dropped from 9.1 percent to 9 percent last month, marking the first decrease since July and the lowest rate of unemployment since April. There were several other pieces of good news in the October report, which is serving to alleviate economists' fears that the U.S. may be headed toward a second recession.

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Tags: bankruptcy, economy, housing market, recession, unemployment

Neighbors maintain foreclosures to protect property values

On behalf of Gingold & Gingold LLC posted in Foreclosure on Monday, October 17, 2011.

Although foreclosure notices are down by nearly 12 percent in the Atlanta metro area year-to-date, many people are still dealing with foreclosure in the region. In fact, foreclosure notices jumped up by 16 percent from September to October in metro Atlanta, which means that housing market recovery is still far from a reality in Georgia.

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Tags: Atlanta, foreclosure, homeowner, housing market

Mortgage default notices increase in August

On behalf of Gingold & Gingold LLC posted in Foreclosure on Tuesday, September 20, 2011.

Nearly a year after the massive robo-signing scandal and the resulting foreclosure slowdown, it appears that banks are pressing forward with their foreclosure processes at an increasingly fast rate. According to foreclosure listing firm RealtyTrac Inc., the number of homes that received an initial default notice rose significantly last month, reaching a nine-month high.

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Tags: foreclosure, housing market, mortgage, robo-signing