July Foreclosures Up 18%.

Bankrutpcy Articles » July Foreclosures Up 18%

July foreclosures in Georgia were up over 18 percent from the same time in 2007, climbing to a total of 10,061 homes or one in every 385 in the state.

Georgia ranked sixth in foreclosures nationwide. California was first with one in every 185 homes in foreclosure. The number includes homes in various states of the foreclosure process including default notices, auction sale notices and bank repossessions, according to RealtyTrak an online firm that records property in various stages of foreclosure. The number of homes in the process also rose by 15 percent from June to July, according to the firm.

The Atlanta metro area has been hit hard by the rising number of foreclosed properties. Fulton and Dekalb counties accounted for more than three percent of the statewide total with 3,498 homes in foreclosure. In Fulton County, it amounts to one in every 193 homes. It is one in every 228 homes in Dekalb.

Homeowners are losing their properties at alarming rates. Unemployment rates are higher than they have been in 15 years. Consumers in Georgia who are facing financial crisis do have options to protect their homes and property. A Georgia bankruptcy lawyer can help them to assess their situation and decide how best to protect their assets and get out of debt. Filing for Chapter 13 Bankruptcy can protect your home from foreclosure. Consulting a qualified Georgia bankruptcy attorney can be the first step in correcting your financial woes and saving your home.

A conscientious Georgia State bankruptcy lawyer can answer your questions about bankruptcy and the protections available to you if you decide to file.

The Law Office of Berry & Associates has nine locations conveniently located to serve you. The firm’s qualified bankruptcy attorneys can explain the Georgia bankruptcy process and help you determine which type of bankruptcy is best for you.