Category Archives: Homes
Debt, Not Declining Home Values, Leads to Mortgage Struggles and Foreclosures in Tennessee
As banks prepare to release a new flood of foreclosures onto the market this summer, already-falling home values will likely get even lower. But while many homeowners are dismayed by the notion of losing more equity – especially if they’re part of the estimated 11 million borrowers already underwater – Tennessee bankruptcy lawyers warn against… Read More »
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 »
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 »
Chicago Bankruptcy Proves Valuable for Struggling Homeowners in City’s Fragile Housing Market
Chicago suffers from one of the most fragile housing markets in the U.S, according to a report by the Treasury Department. As much as 35 percent of all sales in the Windy City involve distressed properties, a statistic significantly higher than the national average. To make matters worse, sales of foreclosures are exerting downward pressure… Read More »