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Decline in Georgia foreclosures for the first quarter of 2013 Atlanta, GA

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Decline in Georgia foreclosures for the first quarter of 2013

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

As finances get tight, it can be very difficult to make the requisite mortgage installments that are due each month. With time, lenders begin to get impatient on missed payments. This often results in the initiation of the foreclosure process.

The good news is that Georgia foreclosures in the first quarter of 2013 dropped annually for the third successive quarter. While this is positive for the state, unfortunately, Georgia still stands as the nation’s fight-highest foreclosure state.

The numbers come from RealtyTrac, which reported 20,291 foreclosure filings in Georgia for the first quarter. This number has dropped 41 percent from the first quarter of 2012. Furthermore, it is down 17 percent from the fourth quarter of 2012. Moreover, the state had a total of 6,300 foreclosures in March. This number is down 44 percent from March 2012 and up 9 percent from February of this year. While it will take some time to account for the variable shifts in the market, overall, this is a good trend for the state.

If you have been struggling to make ends meet, it is not your fault. The economy has not yet bounced back to its most healthy state. However, if you are at your last end, you might consider bankruptcy. Bankruptcy delays the foreclosure process, providing more time for you to settle your outstanding payments. Also, the process helps avoid the incessant harassment from debt collectors as you get everything in line

To learn more about foreclosure and bankruptcy, speak with a qualified bankruptcy attorney in your area. A lawyer can help you assess your financial options.

Source: Atlanta Business Chronicle, “Georgia fifth in Q1 foreclosures,” Jacques Couret, April 11, 2013

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

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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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