Foreclosure Prevention FAQs in Atlanta, GA

Foreclosure prevention is stopping a home foreclosure before the lender takes the property. Common options include loan modification, forbearance, repayment plans and direct negotiation with your lender.

Contact your lender right away and ask about forbearance or a loan modification, or work with an experienced foreclosure prevention company that negotiates for you. Acting before your sale date keeps the most options open.

Georgia uses a non-judicial foreclosure process. A home can be auctioned about 60 to 90 days after a notice of default, so early help matters.

Foreclosure sales are held on the first Tuesday of each month between 10am and 4pm at the county courthouse. The lender must mail written notice at least 30 days before the sale and advertise it in the county legal newspaper once a week for four weeks.

Generally, no. Georgia does not give homeowners a right to redeem the home after a mortgage foreclosure sale, so it is important to act before the sale date.

A loan modification is a permanent change to your mortgage terms, such as a longer loan term, a lower interest rate or a reduced principal, to make payments more manageable.

Yes. Forbearance temporarily pauses or lowers your payments during a financial hardship. Afterward, you resume payments, move to a repayment plan or pursue a loan modification.

A repayment plan spreads your missed payments over several months on top of your regular mortgage payment, helping you catch up without a lump sum.

A short sale is when your lender agrees to let you sell the home for less than you owe. It usually causes less credit damage than a completed foreclosure.

With a deed in lieu of foreclosure, you voluntarily transfer your home's title to the lender in exchange for release from the remaining mortgage debt. It can hurt your credit less than a completed foreclosure.

Often, yes. Options after a notice of default include repayment plans, loan modification, short sale and deed in lieu of foreclosure. The earlier you call, the more options you keep. See foreclosure defense.

Generally, yes. Loan modification, forbearance, short sale and deed in lieu usually affect your credit less, and for a shorter time, than a completed foreclosure and courthouse sale.

Your initial consultation is free, confidential and carries no obligation. We review your options with you before you decide anything.

Yes. We are based in Atlanta and help homeowners nationwide, including the Northeast, Southeast, Midwest, Southwest and West.

Call (800) 577-6172 or complete our form for a free, confidential consultation. We review your mortgage situation, explain your options and help you choose your next step.