Foreclosures Stop Temporarily for Atlanta Homeowners
Freddie Mac is feeling more Santa than Scrooge this season - if for only a brief period of time.
For the third year in a row, the government-backed mortgage giant plans to stop foreclosure evictions between Dec. 20 and Jan. 4. It's good news for seriously delinquent homeowners who might have otherwise lost the roof over their head during the holiday. Unfortunately, say Atlanta bankruptcy attorneys, it won't do anything to stop folks from losing their homes after the start of the New Year.
There are many reasons why Americans stop making house payments - unemployment, out-of-control credit card debt, medical bills, divorce and more. But no matter what the cause, the end result is the same. If you stop paying your mortgage, the bank is eventually going to foreclose on your home. Freddie Mac's little holiday gift won't do anything more than buy you a few extra weeks.
Instead of spending the holidays wondering how much longer you'll be in your house come January, why not spend them taking action to prevent foreclosure altogether? Bankruptcy tackles the root of the problem by lowering debt. But as an added bonus, filing for bankruptcy also comes with a few key legal protections - including one that stops the foreclosure process dead in its tracks.
But maybe the best part about bankruptcy is how fast it actually works. Legal protection starts the minute your case is filed in court - and at DebtStoppers, our Atlanta bankruptcy attorneys can file a case in as little as a day. Wondering if a bankruptcy plan could lower debt and save your house? It's free to find out when you sign up for a complimentary personal debt analysis. Why settle for a two-week reprieve when you could find permanent protection? There's no better way to start the New Year off on the right foot.