bankrupcty to save georgia home: Can Bankruptcy Save My Clayton County GA home? - 06/24/17 11:29 AM
Georgia Short Sale FAQ
Bankruptcy.
 
Many times Georgia homeowners will consider filing bankruptcy as a means of avoiding foreclosure. A bankruptcy filing does -- at least temporarily --  halt the foreclosure process immediately upon filing. Lenders can't foreclose or even try to collect debt until permitted to do so by the court.
 
In this way, a Chapter 7 bankruptcy delays foreclosure. But eventually, it usually results in the liquidation of most of your other assets. The way I understand it, Chapter 7 gets rid of all unsecured debt, leaving only secured debt, such as mortgages, exempt. In this scenario, borrowers still owe … (2 comments)

 
Elva Branson-Lee, CDPE - Atlanta Real Estate & Short Sale Agent (Solid Source Realty GA)

Elva Branson-Lee

CDPE - Atlanta Real Estate & Short Sale Agent

Atlanta, GA

More about me…

Solid Source Realty GA

Address: Jonesboro, GA, 30238

Office: 7704751130 ext 8988

Mobile: (678) 855-5238

Author Bio: Elva Branson-Lee, CDPE, CIAS, IMSD, is the Executive Team Leader of the Best Atlanta Short Sales Team, Atlanta's premier short sales specialists. She is also the author of "Avoid Georgia Foreclosure," available at Amazon.com



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