The Foreclosure Process in Atlanta, Georgia: Learn All About How it Works and Where Can You Go for Legal Help with Your Atlanta Foreclosure Case

Foreclosure: a word that many Atlanta-area residents and families have heard, but fewer perhaps know about the ins-and-outs of the foreclosure process under Georgia laws. Indeed, the idea of a home in foreclosure may seem uncomfortable, nerve-wracking, and even perhaps frightening to some Atlanta-area individuals, and knowing how the foreclosure process works in Atlanta is important if you are facing a foreclosure of your home, or on the other side of things, if you need to exercise your foreclosure rights as a lender. But how exactly does the Georgia foreclosure process work in Atlanta? And where can individuals in Atlanta go for legal help with their foreclosure matters? We answer those questions here.

Foreclosure 101: How the Foreclosure Process in Atlanta Works

The foreclosure process in Atlanta, under Georgia laws, is a complex and challenging process for many individuals and families. The Georgia Office of the Attorney General explains that, “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 Office of the Attorney General establishes that, instead, “Foreclosure begins with a default under the terms of the original promissory note or deed to secure debt.  Usually, the default is your failure to make the required payments on the loan. A default can also occur due to things such as failing to maintain property insurance or pay your property taxes.” After a default occurs, the Office of the Attorney General goes on to add that the holder of the mortgage must give notice to the borrower of their or its intent to foreclose. Then the holder of the mortgage must publish notice of the foreclosure in accordance with the law. Finally, the Office of the Attorney General states that, “The foreclosure sale will take place on the courthouse steps in the county where the property is located. By law, foreclosure sales take place on the first Tuesday of the month between the hours of 10:00 a.m. and 4:00 p.m. Bidding is open to the public, but the mortgage holder often is the only bidder. The mortgage holder will sign a deed of foreclosure to the winning bidder, which may well be itself. At that point, the winning bidder becomes the new owner of the property.”

Getting Legal Help with Your Foreclosure Case in Atlanta – Atlanta Foreclosure Lawyer 

It is clear that the foreclosure process in Atlanta is complex, and those facing foreclosure should get legal help with their case, in order to protect their rights under Georgia laws. If you are in the Atlanta and Greater Atlanta Metro area and you need legal help with your foreclosure case, do not hesitate to reach out to an experienced lawyer today. The experienced Atlanta and Greater Atlanta Metro area foreclosure lawyers at Evans Law are here to help Atlanta individuals with their complex foreclosure matters. Contact Evans Law today and speak to a lawyer about your case now.

Source:

law.georgia.gov/resources/mortgage-and-foreclosure-information