Home Foreclosure in Atlanta, Georgia

Bankrutpcy Articles » Atlanta Home Foreclosures

Stop Foreclosure on your Home by contacting an Altanta Bankruptcy Attorney!

If you live in Atlanta, Georgia and you are facing a home foreclosure there are only two ways that the home foreclosure proceedings can be stopped. The mortgage company can voluntarily stop the foreclosure or you can file for Chapter 13 Bankruptcy.

Unfortunately under current Georgia law the mortgage company can place your mortgage in default status after you have missed only 2 or 3 monthly payments. If your mortgage is put in default status the mortgage company can also accelerate your mortgage and require the entire mortgage balance be paid in full.

In Atlanta, Georgia to foreclose on your home a mortgage company does not have to go before a state court judge to get the right to take the title of your home. Georgia is a non-judicial foreclosure state which means the mortgage company only must advertise a notice of the pending foreclosure of your property for 4 consecutive weeks in the newspaper for your county. The notice will outline how you can redeem your home and the time and date of the impending sale of your home. Current Georgia law requires a 15 day notification of the foreclosure proceedings. New legislation under review in Georgia courts has proposed an extension of the foreclosure notice, but currently no decisions have been made and the laws remain unchanged.

If you have tried everything possible and creditors will not cooperate, bankruptcy may be your best option to stop a home foreclosure on your property. Bankruptcy is a difficult decision, but there are some benefits to Chapter 13 Bankruptcy. If you file for bankruptcy in Atlanta, Georgia, you may be able to: protect your property, avoid wage garnishments, stop harassing creditor calls, eliminate debt and get a fresh financial start.

If you are considering filing for bankruptcy an Atlanta, Georgia bankruptcy attorney can help answer your questions and help you determine if bankruptcy is the best financial decision for your family.