Our Atlanta, Georgia, mortgage loan modification lawyers know that if you are among one of the tens of thousands of Georgia homeowner’s facing an Atlanta foreclosure it is imperative you contact an experienced Atlanta foreclosure attorney immediately and at the first sign of mortgage troubles – before it is too late.
Contacting a highly knowledgeable foreclosure attorney when you first start having trouble paying your mortgage can prevent or stop the foreclosure process altogether. Early contact is one of the most important steps you can take to save your home from foreclosure, sale, and the loss of your home.
The Atlanta Journal-Constitution reports that Georgia mortgage-holders now have the 5th highest delinquency rate in the nation according to TransUnion. Moreover, the Georgia foreclosure process is very fast. Georgia permits both judicial and “power of sale” foreclosures. In Georgia, the “power of sale” refers to a clause in most mortgages allowing the lender the right to sell the property outside the court system. This means your lender can schedule the sale of your home as soon as you are in default – and does not have take you to court. You may be able to stop the foreclosure by paying off your delinquency, but your lender is not required to reinstate the mortgage.Having an experienced Atlanta, Georgia, loan modification attorney involved at the start – before you receive a notice of default – is crucial for several different reasons.
A Georgia mortgage attorney can ensure that you are taking prudent steps to save your home. Once you have started experiencing delinquent mortgage payment issues, you may receive phone calls and solicitations from supposed “government” or other “type agencies” claiming to be able help you for a fee. An experienced attorney can work on your behalf and ensure that these are legitimate companies have your best financial interests in mind. The fact is, many of these companies are frauds and make a bad financial situation even worse.
Further, an experienced Georgia real estate mortgage attorney can help you work with your lender to renegotiate your mortgage and avoid foreclosure. We have been working with many homeowners across Georgia and understand that banks do not actually want to foreclose on your home – instead they want to minimize their financial losses. This means that the banks may be willing to work with you if there is a chance you may be able to continue paying your mortgage or re-work your loan. Because we understand the real estate market, we can use our experience to negotiate with the bank on your behalf. Often homeowners working alone find it difficult to get past the customer service department to reach a staff member who can actually negotiate with them.
If you simply cannot afford your house any longer, we can help you explore alternatives to foreclosure. Our firm welcomes the opportunity to be of service to you. Please feel free to call our Firm at (404) 467-8611 or toll free at to discuss your options. You can also send us a message through our confidential Web Site form. The Libby Law Firm is conveniently located in the Buckhead section of Atlanta, Georgia near the intersection of Piedmont and Roswell Roads.