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Foreclosure in Georgia is down, but not out Atlanta, GA

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Foreclosure in Georgia is down, but not out

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

Foreclosure is one of the most frightening and disheartening things that can happen to an individual or family. The recent tough economic times have made foreclosure a serious threat for a lot of people. A series of financial struggles can lead from being unable to pay your monthly pills to falling behind on your mortgage, and falling behind on your mortgage can put you at risk of foreclosure.

The fear of losing one’s house has been particularly real for residents of Carroll County. According to a recent report, Carroll County saw nearly one in every 43 homes facing foreclosure filings in 2013. This means that roughly 2.35 percent of all homes in Carroll County were threatened with foreclosure last year. Even more frightening is the fact that this number is down 49 percent from the foreclosure rates of 2012. Despite the foreclosure rate being nearly half of what is was the previous year, the report states that Carroll County still ranks number seven in the state of Georgia for foreclosure rates.

While things appear to be getting better, they’re still not ideal. In Douglas County, the number of building permits has gone up to 325, but that number pales in comparison to the 2,600 permits recorded in 2006. Unfortunately, the state of Georgia as a whole fares poorly as well. Georgia is ranked sixth in the nation in foreclosures.

Foreclosure is a very real threat in our state, but you don’t have to live in fear. Filing for bankruptcy can save you from foreclosure by putting into effect an automatic stay that will prevent creditors from taking legal action against you. While this stay won’t save your house forever, it will give you enough time to deal with all of your financial challenges. Don’t let creditors frighten you into foreclosure; you have options.

Source: Times-Georgian, “Big drop in Carroll foreclosures in 2013,” Winston Jones, Jan. 16, 2014

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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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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