Update of Foreclosure Law In Georgia
A recent decision of the Georgia Court of Appeals issued July 12, 2012, provides additional protection to homeowners and others who own real property in Georgia who have a security deed and note with a...
View ArticleThe Impact Of The National Mortgage Settlement On Georgia Homeowners
In an earlier blog, we noted that in February, 2012, an historic National Mortgage Settlement (NMS) was announced with five of the largest mortgage servicers: Bank of America JPMorgan Chase Wells Fargo...
View ArticleHomeowners Alert: Foreclosure Prevention In GA
Good news for some struggling Georgia homeowners who have been "hit the hardest" by the economy. A program to "prevent foreclosures" has been launched by the State of Georgia, Department of Community...
View ArticleWill Filing for Chapter 7 Bankruptcy Stop Foreclosure?
In short, YES. Filing a bankruptcy, whether it be Chapter 7 or Chapter 13, will stop the foreclosure process. However, filing a Chapter 7 bankruptcy may not stop the process permanently. When a...
View ArticleMortgage Foreclosure Crisis
Who is to blame for the foreclosure crisis? The question comes down to did homeowners overreach and go beyond what they could afford or did banks prey on naive consumers? In reality, no one party is to...
View ArticleAm I Going to be Taxed on my Foreclosed Home???
This question is presented often by clients who are facing a foreclosure and are not sure how the foreclosure might impact them in the future. That is one of many reasons why speaking with an...
View ArticleUpdate: Has The National Mortgage Settlement Helped Any Georgia Homeowner?
In an earlier blog published 10-30-12, we tracked some of the developments in the so-called "historic" National Mortgage Settlement (NMS) with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup...
View ArticleWhat Happens to Your Mortgage Loan When You File Bankruptcy?
When you are in financial distress, staying on top of your mortgage can be difficult. Are you considering bankruptcy as an option? Before filing bankruptcy, you should take a moment to understand how...
View ArticleTurnabout Is Fair Play: Homeowners Association Forecloses On Bank
A recent report entitled, "Florida Homeowners Foreclose On Deadbeat Banks", provides an interesting and unusual commentary on one effect of the on-going "soft" real estate market, especially for an...
View ArticleThe Georgia Homestead Exemption in Bankruptcy: Should it be Increased?
On May 2, 2012, the homestead exemption was increased which brought the exemption for an individual filer to $21,500.00 and nearly in line with the federal homestead exemption. This was especially...
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