In Georgia, foreclosures are often nonjudicial, which means they do not go through the court system. However, the lender is still obligated to send you certain foreclosure letters and to follow certain foreclosure processes. If you still owe the lender money after the foreclosure sale (this occurs if the sale profits do not meet your mortgage debt), the lender might attempt to recover the amount from you (called a “deficiency”).
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Georgia Foreclosure Law Articles
In Georgia, Deficiency Judgments Following Foreclosure
Can your lender get a deficiency judgment against you after a Georgia foreclosure?
Georgia Foreclosure Procedures and Laws
Learn about Georgia foreclosures, including pre-foreclosure processes, foreclosure procedures, and homeowners’ rights under state and federal laws.
HOA and COA Foreclosures in Georgia
If you fail to pay your HOA or COA assessments in Georgia, the association may get a lien on your property and foreclose on it.
