Georgia Bankruptcy Law Network

Georgia Bankruptcy Law Network

Bankruptcy Questions Answered by Georgia Bankruptcy Law Professionals

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Do I Need A Lawyer For A Home Loan Modification?

Home loan modifications have been a really big deal the last few years.  The reality, however, is that the number of actual successful modifications is far less than originally “promised” by politicians, lenders and others involved in the process.  Tales of lost documents, months-long delays, and then denials abound.  Given that, is it necessary or… Continue Reading

Can You Force A Lender To Foreclose During Or After Bankruptcy?

Although many people enter Bankruptcy with a desire to save their home from foreclosure, others are anxious to rid themselves of the property and the debt associated with it.  This could be their primary residence or other homes or real estate they own.  A problem that occasionally comes up is that the person in Bankruptcy… Continue Reading

Foreclosure Alternatives: Deed In Lieu Of Foreclosure

One of the alternatives to foreclosure is a “deed in lieu of foreclosure.”  Simply stated, this means that rather than making the lender go through the foreclosure process, the home owner agrees to execute a deed for the property transferring it to the lender.  In turn, the lender agrees to accept the deed (and transfer… Continue Reading

“Strategic Default” – A Popular, But Meaningless, Buzzword?

A term that has become popular in the real estate crisis of the last few years is “strategic default” (or “strategic foreclosure“).  The theory behind the term is that the borrower is defaulting on a loan because of a financial “strategy” rather than an inability to pay.  With the decline in housing prices many people… Continue Reading

Stopping A Foreclosure In Georgia – Bankruptcy and Other Options

Many Bankruptcy cases in Georgia, and other states, are filed to stop a foreclosure of the family home.  They are not filed only because of the foreclosure, but the realization that the family home is about to be lost is usually the final straw after a period of financial problems.  It is certainly understandable that… Continue Reading