U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-11-2008, 12:19 PM
 
6 posts, read 17,279 times
Reputation: 10

Advertisements

I am 2 months behind in my condo payments. Does anyone have experience with a foreclosure or filed bankruptcy. I lost my job. Please let me know.
Reply With Quote Quick reply to this message

 
Old 04-11-2008, 12:28 PM
 
Location: West Cobb County, GA (Atlanta metro)
9,188 posts, read 30,777,215 times
Reputation: 5171
Some info that may help:

Georgia Bankruptcy Laws

Georgia Bankruptcy Law (it's a lawyers site but has some good info about it in general).

Personal Bankruptcy tips and tricks moderated by Atlanta lawyer Jonathan Ginsberg
Reply With Quote Quick reply to this message
 
Old 04-11-2008, 01:15 PM
 
Location: St Simons Island, GA
23,120 posts, read 36,450,813 times
Reputation: 15470
Have you considered trying to work something out with your lender?
It seems now that they're a lot more open to this in the face of the current foreclosure crisis.
Reply With Quote Quick reply to this message
 
Old 04-12-2008, 04:06 AM
 
Location: Mcdonough, GA
242 posts, read 772,711 times
Reputation: 47
How about trying to rent it out and stay with family, I know selling is a lengthy process at the moment.

In terms of jobs my husband and I keep saying if we need extra cash I will work at starbucks as they give good benefits which start right away and you can even work part time. (The running joke is we will never be able to remember peoples orders - bad short term memory) I have a bachelors and experience but, Do what you have to do!!!

Good luck to you.
Reply With Quote Quick reply to this message
 
Old 04-12-2008, 09:08 AM
 
340 posts, read 1,457,630 times
Reputation: 90
It's a very difficult situation when things like this happen. I don't know if filing bankrupcy will save your condo. If not, you need to come up with payments. Getting a job, any kind job quickly is the best way. Otherwise you can borrow from your famliy and pay them back later. Good luck.
Reply With Quote Quick reply to this message
 
Old 04-12-2008, 12:19 PM
 
Location: Norman, OK
3,479 posts, read 6,492,562 times
Reputation: 1198
Do not be scared to contact your bank and let them know about your situation. Trust me - the bank would rather work out payment plans than own a house.
Reply With Quote Quick reply to this message
 
Old 04-13-2008, 10:24 AM
 
Location: Atlanta
738 posts, read 672,597 times
Reputation: 279
Do you not have any money in savings?
Reply With Quote Quick reply to this message
 
Old 04-13-2008, 01:12 PM
 
Location: St Simons Island, GA
23,120 posts, read 36,450,813 times
Reputation: 15470
Quote:
Originally Posted by Buckhead_Broker View Post
Do you not have any money in savings?
How is this helpful to the OP?
Reply With Quote Quick reply to this message
 
Old 04-13-2008, 01:40 PM
 
1,178 posts, read 3,498,704 times
Reputation: 404
Quote:
Originally Posted by Arays View Post
I am 2 months behind in my condo payments. Does anyone have experience with a foreclosure or filed bankruptcy. I lost my job. Please let me know.
I'm serious. You have to find work, and fast. Do anything.

Something that will help you make money fast is delivering pizza. Do IT. You are fighting for your financial life. If you do not want to be foreclosed on, you have to make money fast. You can at least make $40 in tips per night, perhaps more. If you do this five days a week, that's a minimum of $200 week in tips. With the salary, you're looking at $300/week and $1200/month. Perhaps it is not what you had, but it might be enough to bind you over until your get more stable employment.
Reply With Quote Quick reply to this message
 
Old 04-13-2008, 03:50 PM
 
Location: Atlanta
738 posts, read 672,597 times
Reputation: 279
Quote:
Originally Posted by LovinDecatur View Post
How is this helpful to the OP?
It's pretty simple, really. If you have money in savings - even in a 401k, you could take it out and use it to make payments. If you don't, it's a good lesson to learn.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 05:55 AM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top