Consult an Atlanta Bankruptcy Attorney to Stop Foreclosure
The Atlanta Journal-Constitution recently reported that foreclosure notices in the Atlanta area rose 22 percent in May from April.
If you are upside down on your mortgage like many Georgians, consult with an Atlanta foreclosure lawyer so you can fight for your home. In the near future as many as 7 million American homes will fall into foreclosure, so you're not alone. In Georgia, there is both judicial and power of sale foreclosure, meaning the lender can schedule the sale of your house without even telling you after you're in default. Don't let this happen to you if you're going to fall behind your payments and slip into foreclosure in Georgia.
According to the news article, 9,350 notices were filed in the 13-county Atlanta metro area in May. But it's possible that lenders are still lagging in how many foreclosures they file with the courts because of well-documented problems with law firms filing "robo-signed" false documents or banks being unable to come up with the proper paperwork for a person's home loan.
Many experts are expecting a large wave of foreclosure filings once banks figure out which paperwork is correct and which has been falsely filed against homeowners. In Gwinnett County, nearly 2,000 foreclosures were filed in May, followed by Fulton (1,804), DeKalb (1,472), Cobb (1,152) and Clayton (791).
Statewide, there were nearly 8,500 foreclosures filed in April, the Rome News-Tribune reported. That was down 35 percent from March.
This is all depressing news. But don't let the banks take away your home without a fight. There are ways to stop the process and the first step is contacting an Atlanta foreclosure attorney who can help you.
First, here are some tips of what not to do if you're facing foreclosure. You shouldn't trust a third-party mortgage modification company, foreclosure rescue specialist or debt settlement company. These simply won't work.
What you should do if you're facing foreclosure is attempt to modify your loan or meet with DebtStoppers to see if there are other avenues to save you home. It's possible that Chapter 13 bankruptcy in Georgia could be best for you. You can set up an affordable payment plan to satisfy debt without losing your home.