HOW TO STOP A REAL ESTATE FORECLOSURE IN GEORGIA

Most likely, you are reading this site because your lender has inititated foreclosure
proceedings.

The best way to stop a foreclosure is to file for bankruptcy protection. Filing bankruptcy is almost guaranteed to stop the foreclosure (assuming you qualify).

In Georgia it is very easy to take away your home. Georgia is known as a non-judical
foreclosure state. In plain english, this means that in most cases all your lender has to do to take
your house away is to advertise the foreclosure sale in the legal paper for your county and send
you a letter regarding the foreclosure sale and notice of the sale as submitted to the legal paper
and foreclose on the first tuesday of the month. Generally, foreclosure day is the first tuesday of
each month. To make matters worse, you do not have to physically receive the foreclosure notice. One problem, is the fact that things happen real fast and you have very little time to prepare for such an unpleasant event. However, bankruptcy is one option and it is important that you start the process as soon as possible.

One option and probably the most direct and almost guaranteed option to Stop
foreclosure is to file for bankrupty protection. This option is most likely the least expensive
and most practical. First, you have to qualify for bankruptcy and the best way to find out if you
qualify is to meet with me and let me review your situation. Basically, a chapter 13 bankruptcy
will allow you to take the past due mortgage payments (know as arrears) and pay these arrears
through a chapter 13 plan and then get back on track with your regular monthly payments. For example, lets suppose you are 5 months behind on your mortgage payments and your monthly mortgage payment is $1,000.00 per month and the mortgage company is set to foreclose on May 5, 2009. You file chapter 13 prior to May 5, 2009 and all your past due payments such as the $5,000.00 will be paid through the chapter 13 bankruptcy case and beginning June 1, 2009, you get back on track with your regular monthly mortgage payment.

Everyone hits a bump in the road and chapter 13 bankruptcy is a way to workout that bump and the opportunity to get back on track. Filing bankruptcy is a good option because in most
cases there are no guessing games. Once you file bankruptcy the foreclosure sale will be
stopped. Also, filing bankruptcy is economical because in most cases only the filing fee and
credit counseling fee is paid up front. The attorney's fee is paid through the chapter 13 plan.

If you are faced with foreclosure and the loss of your home, then immediately contact me and
schedule an appointment to discuss your case. The first meeting is a free consultation (Do not
bring any money to the first meeting).

SCHUYLER ELLIOTT & ASSOCIATES, INC.
ATTORNEYS AT LAW
THE MECCA BUILDING
2024 BEAVER RUIN ROAD
NORCROSS, GEORGIA 30071
(770)209-7999
(770)209-0033 FAX
EMAIL: SEMECCA@AOL.COM
WEBSITE: http://www.atlantaattorneysatlaw.com/
MEMBER OF NATIONAL ASSOCIATION OF CONSUMER BANKRUPTCY ATTORNEYS
GRADUATE OF BANKRUPTCY BOOT CAMP http://www.maxbankruptcybootcamp.com/

DIRECTIONS TO OFFICE:

GOING NORTH ON 85: TAKE THE INDIAN TRAIL EXIT AND MAKE A LEFT. AT THE SECOND TRAFFIC LIGHT (BEAVER RUIN ROAD) TAKE A RIGHT AND GET INTO YOUR IMMEDIATE LEFT HAND LANE. YOU WILL SEE LOWES ON YOUR RIGHT. AT THE FIRST LIGHT MAKE A U-TURN AND LOOK FOR MY OFFICE SIGN ON THE RIGHT HAND SIDE OF THE ROAD. PULL INTO THE DRIVEWAY AND MY OFFICE IS IN THE MIDDLE OF THE OTHER BUILDING.

GOING SOUTH ON 85: TAKE THE BEAVER RUIN ROAD EXIT AND MAKE A RIGHT. CROSS OVER SATELLITE BLVD., AND YOU WILL SEE CARMAX ON YOUR LEFT SIDE. AFTER SEEING CARMAX LOOK FOR MY SIGN ON THE RIGHT HAND SIDE AND PULL INTO THE DRIVEWAY AND MY OFFICE IS IN THE MIDDLE OF THE OTHER BUILDINGS.