The acre of land meant for a new location for Rome’s Hooters sold at auction today.
The only bidder on the property was CRM Central Properties LLC, a division of Suntrust Bank which held the mortgage that forced the foreclosure sale.
The site, in front of State Mutual Stadium where the Rome Braves play, was originally meant to be a Hooters Restaurant but those plans were scuttled after the local franchise ran into financial difficulty in 2008.
Consumer Credit Counseling Service of Greater Atlanta said that over half million Americans sought credit counseling from them in 2008.
The non-profit organization that provides assistance to persons across the country in financial crisis said that 509,718 persons attended classes or received counseling last year, up from 403,763 in 2007.
Officials said that they expect to serve 700,000 people in 2009 due in large part to the worsening economic conditions and housing crisis.
Counselors at the agency provide individuals with information and assistance with credit issues, bankruptcy, budget and housing.
The number of homeowners served by the organization has skyrocketed since the housing bubble burst in 2006, growing 9,668 to 73,573 in 2008.
If your life revolves around your debt, you should seek counseling or speak to an experienced bankruptcy attorney to learn what your options are.
Facing financial problems can be difficult. Burying your head in the sand will not protect you or your family from the creditors who may be harassing you. If you are falling behind on your house payments and the bank is threatening to foreclose, personal bankruptcy can stop them in their tracks.
Filing a Chapter 13 bankruptcy case can prevent foreclosure on your home. It will allow you to restructure your back payments into an affordable payment plan that will allow you to pay off the arrears over a three to five year term.
Once the case is filed, if you are able to continue to make your payments and the payments on the arrears, you will be able to keep your home.
Contact a bankruptcy attorney and learn how Chapter 13 bankruptcy can stop foreclosure on your home.
We at RomeBankrupcty.com would like to welcome you to our blog. We have set aside this space on our Web site to post interesting and informative information about bankruptcy cases across the country and in Georgia.
We will also provide you with information about bankruptcy that will help you to make the right decisions for your financial well-being. Bankruptcy may not be the most satisfying solution to your financial problems, but it might be the most responsible one for you and your family.
Bankruptcy protections can stop foreclosure on your home, stop unsecured creditors from harassing you and restructure your debt to be paid off in a shorter term.
Understanding bankruptcy can be difficult. That is why you need the experienced attorneys at RomeBankruptcy.com to help you assess your situation and chart the best course of action.