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Showing posts from May, 2023

Home Foreclosure In Georgia: A Comprehensive Guide.

What Is The Foreclosure Process In Georgia? Georgia is a “non-judicial foreclosure” state.  That means the lender can foreclose on your home without filing suit or appearing in court before a judge.  The procedures for foreclosure are spelled out in the Official Code of Georgia, Sections 44-14-162 through 44-14-162.4.  Foreclosure is the legal process by which a lender takes possession of a property when a borrower defaults on their mortgage payments. In Georgia, the foreclosure process is generally a non-judicial process, meaning that it does not go through the court system. Here are the basic steps of the foreclosure process in Georgia: Notice of default: When a borrower misses a mortgage payment, the lender will typically send a notice of default, informing the borrower that they are in default and giving them a certain amount of time to cure the default. Notice of sale: If the borrower does not cure the default, the lender will send a notice of sale, w...