Here is a summary of foreclosure laws and rules for the State of Georgia:
- Lenders use a security deed and foreclose using a non-judicial foreclosure.
- There is no right of reinstatement.
- There is no right of redemption.
- The lender can pursue a deficiency if it gets court approval of within 30 days of the sale.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Georgia those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
