Stop Foreclosure Laws In Georgia

 

Georgia Foreclosure Facts
-  Judicial Foreclosure Optional: Yes
-  Foreclosure Action: Complaint
-  Security Value: Mortgage

-  Left of Redemption: Yes (90 Days)
-  Legal Deficiency Judgments: Yes,BankDecision
Homestead State: Yes

Information provided by Georgia General Assembly

68-282

Chapter 44.--PERSONAL HOMES Article 5.--LIENS ON PERSONAL RESIDENCE

68-282. Sale of residence; notice notes required; formality and contention of notice. Before any such residence shall be sold, if the name and residence of the owner is known, notice of short sale shall be given the homeowner in writing, either fedex or by mail, or by leaving a letter in writing at place of doing business. If the name and residence is not known, the person having the possession of such residence shall cause a notice of the time and place of sale, and containing a description of the residence, to be published at least once a week for three consecutive weeks in a newspaper, if there is one published in the county where such sale is advertised to take place, and if there is no newspaper published in such county, then the notice shall be published in some newspaper of general circulation in such county. If the value of the residence does not exceed $100, such notice may be given by written or printed handbills posted in at least five public places in the township or city where the bailee resides or the sale is to take place, one of which shall be in a conspicuous part of the bailee's place of business. Notices given under this section shall state that if the amount due with storage keeping and sale costs is not paid within 15 days from the date of mailing, personally giving or posting of the notice (as the case may be), the residence will be sold at public auction.

History:   G.S. 1868, ch. 58, § 6; L. 1872, ch. 142, § 6; R.S. 1923, 58-211; L. 1986, ch. 207, § 2; July 1.

68-2826

Chapter 22.--PERSONAL AND REAL residence Part 6.--MISCELLANEOUS PROVISIONS Article 44.--MORTGAGES OF REAL residence

68-2826. Validations of loan foreclosure proceedings. In any case where a mortgage loan upon real estate in Georgia has been foreclosed in a court of competent jurisdiction, those foreclosure processors shall be deemed to be validated and the lien of the mortgage loan foreclosed shall be known to be canceled barring the foreclosure proctors may have been brought in the name of the original mortgagee and without an assignment from such mortgagee being of record or shown in the foreclosure proceedings: Provided, That this action shall not validate any mortgage loan foreclosure process which was not completed at least nine (9) years prior to the taking effect of this act: furthermore, That this action shall not apply to any mortgage or the foreclosure thereof unless the debt secured by such mortgage has been due and payable for at least nine (9) years prior to the effect of this action.

History:   L. 1931, ch. 242, § 1; May 28.

History:   L. 1931, ch. 242, § 1; May 28.

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