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Neighbors maintain foreclosures to protect property values Atlanta, GA

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Neighbors maintain foreclosures to protect property values

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

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.

Manny people think that foreclosure affects only those whose homes are foreclosed upon. This is not the case. First, an influx of foreclosed homes clogs the housing market, and their low prices make it more difficult for homeowners to sell their homes without taking a large hit.

Second, foreclosed homes drive down the property values of the homes around them. Whether the homes remain vacant or are converted into rentals, the fact that they are not occupied by someone with a vested interest in the home and its quality means that house and yard maintenance may fall by the wayside. When homes take on a decrepit appearance or yards become overgrown, the property values of neighboring houses can fall significantly.

As a result, many neighbors in metro Atlanta’s “foreclosure hot spots” are taking it upon themselves to take care of the foreclosed homes in their neighborhoods. For some, this means mowing lawns of vacant houses. For others, they seek any information about homes for sale, removing any signs that even mention the word “foreclosure.”

When a homeowners or neighborhood association is involved, funds may be diverted from neighborhood mixers and other initiatives to upkeep of foreclosed homes. There are even consulting firms that work with associations manage foreclosures, helping them remain in contact with banks to make sure that homes are taken care of.

Source: Atlanta Journal-Constitution, “Neighbors hurt in foreclosure hot spots,” Janel Davis, Oct. 16, 2011

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

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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.

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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.

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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