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Georgia Foreclosure Law

HomeForeclosure GeorgiaGeorgia Foreclosure Law
Georgia Foreclosure Law
Posted by admin |

In Georgia, lenders have to file a lawsuit in court to initiate a judicial foreclosure process.

  • The judicial foreclosure is necessary when the Deed of Trust or Mortgage does not have a power of sale clause.
  • In such cases, the court will make the required inquiries and declare a foreclosure.
  • Once the foreclosure is issued, the lender is entitled to sell the property and claim his dues from its proceeds.
  • In the case of non-judicial foreclosure, the lender has to execute the foreclosure process by the Deed of Trust, which will specify the date, time, place, and manner of foreclosure.

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