Category Archives: Foreclosure Prevention
As Housing Prices Stay Low Despite Increase in Jobs, Atlanta Bankruptcy Remains an Option for Consumers
Usually employment and the housing market follow one another. Not in Atlanta, however. The good news is that, after increasing between 2007 and 2010, Atlanta unemployment is finally starting to ease. The rate has been falling steadily for seven months and has decreased nearly a full percentage point – to 9 percent – over the… Read More »
Children of Homeowners Are Unseen Victims of Foreclosures in Chicago
Losing a house to foreclosure isn’t easy for a homeowner – but it may be even harder on the homeowner’s children. USA Today reports that 2.3 million kids have been forced from their homes since the foreclosure crisis began in 2007. Another 3 million live in houses that are already in the foreclosure process or… Read More »
Children of Homeowners May Suffer Most in Tennessee Foreclosures
As many as 8 million children in the U.S. may be directly affected by foreclosure, according to startling new data reported in USA Today. Since the foreclosure fiasco began in 2007, an estimated 2.3 million kids have lost their homes to a bank. An additional 3 million children face the same fate because their parents… Read More »
Families with Children May Be Biggest Victims of Foreclosure in Atlanta
New data suggests that as many as one in every 10 children in the U.S. has been or will be affected by the current foreclosure crisis. In hard-hit housing regions like Atlanta, the effects could be even more far-reaching. According to USA Today, an estimated 2.3 million kids were residents in homes lost to foreclosure… Read More »
As Housing Market Prepares for Post-Settlement Foreclosure Surge, Homeowners Turn to Atlanta Bankruptcy
It looks like the situation will get a bit worse for underwater borrowers before it gets better. Following the recent approval of the $26 billion mortgage settlement, the real estate community is predicting a flood of foreclosures to hit the market this summer. As a result, already-low home values are expected to fall by 3.7… Read More »