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Georgia ranks in the top five states for foreclosure filings Atlanta, GA

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Georgia ranks in the top five states for foreclosure filings

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

Although the state saw a slight drop in foreclosure filings from January to February, Georgia currently has the fourth-highest rate of foreclosure filings in the country.

Specifically, about 12,350 homes and other properties had some foreclosure-related action in February, including default notices, bank repossessions and scheduled home auctions. That means that one in every 331 homes in Georgia was in some part of the foreclosure process last month. In comparison, just one in every 637 homes is in foreclosure nationally.

Foreclosure filings did drop by nearly 1 percent from January to February, and have fallen by more than 3 percent from February of 2011. However, foreclosure rates are expected to rise in Georgia and throughout the U.S. throughout 2010.

This is because mortgage lenders will likely continue to ramp up their foreclosure processes as the state and federal investigations into the robo-signing scandal, in which lenders were found to be filing forged or otherwise improper foreclosure paperwork, come to a close. Foreclosures significantly slowed during the end of 2010 and much of 2011, leaving many homeowners in limbo for an extended period of time.

Other states at the top of the foreclosure list include Nevada, which has had the highest foreclosure rate in the country for 62 months straight, California and Arizona.

Atlanta was also near the top of a list of metro areas with the highest foreclosure filing rates, with about one in every 244 Atlanta homes embroiled in the foreclosure process in February. Other metro areas on the list include Miami, Phoenix and Chicago.

Source: The Atlanta Journal-Constitution, “Georgia’s foreclosure rate remains among highest nationwide,” Misty Williams, Mar. 15, 2012

Posted on behalf of Gingold & Gingold

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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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