A five-year battle to fight foreclosure 

Page 3 of 3

"We don't want pity," the wife says. She says they want to find a payment they can afford, one that allows them to stay in their home.

If the couple isn't able to keep their home, Rothbloom wonders what good that will do the bank in a market where houses aren't selling.

"In this economy, you see people who did everything right in life, and they're still hard hit," he says. "I see lots of people who come in and say, 'I don't know what I'm going to do. I don't know where we're going to live.' I never saw that before."

He also says that unless lenders start negotiating with homeowners as aggressively as they once fought them, everyone – banks and borrowers – will lose.

"I think we're going to enter this very odd situation where we have families that don't have houses and we have tons of houses that are empty," he says. "We're going to have lots of homeless people, and the homes are going to be people-less."

Comments (2)

Showing 1-2 of 2

Add a comment

Subscribe to this thread:
Showing 1-2 of 2

Add a comment

Latest in News Feature

Readers also liked…

More by Mara Shalhoup

The Ultimate Doughnut Smackdown
The Ultimate Doughnut Smackdown

Search Events

  1. Goat Farm Economics 5

    Can art and good old-fashioned capitalism breathe new life into one of Atlanta’s most historic and overlooked neighborhoods?
  2. Solving downtown's homeless problem begins with taking the red pill 95

    Peachtree-Pine homeless shelter is the root of downtown's image problem
  3. Unanswered: CL's metro Atlanta officer-involved shooting database

Recent Comments

© 2016 Creative Loafing Atlanta
Powered by Foundation