Foreclosure
By Shelley Elder, Estate and Probate Lawyer serving the North Atlanta metro area, including Bartow County, Cherokee County, Cobb County, Paulding County.
Foreclosure is legal action taken whereby your lender repossesses your home due to non-payment of your mortgage loan. In Georgia, in the month of June 2011 there were 9,715 foreclosure properties, which is about 1 in every 418 units.
A few years ago the crash of the housing market started an economic downturn that hasn’t yet recuperated. You may have lost your job or had a health crisis that caused a buildup of extensive medical fees. You may be in a difficult situation with your mortgage, and your home may be facing foreclosure. Real estate is a significant investment for most people, and it should be protected. You are not alone. You have options.
Elder Law Firm’s experienced bankruptcy attorney can meet with you to assess your individual situation. Elder Law Firm is not a bankruptcy mill, and you are not just a number. In a personal review of your situation, it may be determined that you should file for bankruptcy, and by doing so, you may be able to save your house while ridding yourself of other debts. In some cases, we can help you eliminate a second mortgage. In other cases, it may be in your best interest to let your house go to foreclosure, but you should do it on your terms.
If your income allows you to pay your monthly mortgage payments, but you are struggling to catch up on missed payments, by filing Chapter 13 bankruptcy you may be able to avoid foreclosure by paying the amount overdue to a bankruptcy trustee over a period of three to five years. Chapter 13 bankruptcy is a debt consolidation plan which may allow you to save your home from foreclosure, and can also allow you to pay only a percentage on credit card bills and/or other debts. Click here to read more about Chapter 13 bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Shelley Elder of Elder Law Firm meets with clients in the North Atlanta metro area, including Acworth, Cartersville, Dallas, Emerson, Kennesaw, Marietta, Powder Springs, Smyrna, Woodstock, and other communities in Bartow County, Cherokee County, Cobb County, and Paulding County.
Foreclosure is legal action taken whereby your lender repossesses your home due to non-payment of your mortgage loan. In Georgia, in the month of June 2011 there were 9,715 foreclosure properties, which is about 1 in every 418 units.
A few years ago the crash of the housing market started an economic downturn that hasn’t yet recuperated. You may have lost your job or had a health crisis that caused a buildup of extensive medical fees. You may be in a difficult situation with your mortgage, and your home may be facing foreclosure. Real estate is a significant investment for most people, and it should be protected. You are not alone. You have options.
Elder Law Firm’s experienced bankruptcy attorney can meet with you to assess your individual situation. Elder Law Firm is not a bankruptcy mill, and you are not just a number. In a personal review of your situation, it may be determined that you should file for bankruptcy, and by doing so, you may be able to save your house while ridding yourself of other debts. In some cases, we can help you eliminate a second mortgage. In other cases, it may be in your best interest to let your house go to foreclosure, but you should do it on your terms.
If your income allows you to pay your monthly mortgage payments, but you are struggling to catch up on missed payments, by filing Chapter 13 bankruptcy you may be able to avoid foreclosure by paying the amount overdue to a bankruptcy trustee over a period of three to five years. Chapter 13 bankruptcy is a debt consolidation plan which may allow you to save your home from foreclosure, and can also allow you to pay only a percentage on credit card bills and/or other debts. Click here to read more about Chapter 13 bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Shelley Elder of Elder Law Firm meets with clients in the North Atlanta metro area, including Acworth, Cartersville, Dallas, Emerson, Kennesaw, Marietta, Powder Springs, Smyrna, Woodstock, and other communities in Bartow County, Cherokee County, Cobb County, and Paulding County.
