Financial distress can cause individuals any number of difficulties including bankruptcy or foreclosure. When an individual also owns a home, the fear of losing it can feel overwhelming. There are laws, however, that can help protect a home from the reach of creditors. These are referred to as the “homestead laws.” Homestead Laws Homestead laws […]Continue Reading... Comments Off on Protecting the Old Homestead: A Look at Georgia’s Homestead Laws
One of the most important documents in any real estate transaction is the deed. When it comes to real property, it is the deed that transfers title (whether full or partial) to a property. The deed contains the names of the old and new owners and a legal description of the property. You can’t transfer […]Continue Reading... Comments Off on What You Should Know About Quitclaim Deeds
A particularly important, if somewhat complicated, real estate concept is that of “quiet title.” In today’s post, we will give a brief summary of what quiet title is, why you need to do it, and what procedure you must follow to quiet title after purchasing real property at a tax sale. So let’s get started. […]Continue Reading... Comments Off on A Brief Review of the Procedure to Quiet Title After a Tax Sale
If you fail to pay your taxes, (whether local, state or federal) a tax lien will automatically be filed against your property. If you still can’t pay what you owe, then your house will inevitably be sold at a tax sale for the amount of back taxes, and any fees or fines that you owe […]Continue Reading... Comments Off on What is an Interpleader Action?
If you don’t pay your fees or assessments set by your Homeowner’s Association (“HOA”) things can get bad very quickly. That’s because your HOA has the power to place a lien for unpaid dues/assessments on your home, townhome or condominium. Right away. Automatically, in fact. But wait! Don’t they have to give you notice? No. […]Continue Reading... Comments Off on Homeowners’ Associations and Liens
If you are facing foreclosure, or if you buy property at a tax deed sale, you need to know a little bit about liens and lien priority. What is a Lien? First things first. Before you can understand lien priority, you must first know what a lien is. A lien is a legal claim to […]Continue Reading... Comments Off on Just a Little Bit About Lien Priority and What it is
Have you ever wondered what happens if the tax sale generates more money than required to pay the tax lien— and who gets that money? What Are Excess Funds? In Georgia, foreclosures move pretty quickly. In many cases that means that distressed homeowners cannot come up with the money they need to pay the arrears […]Continue Reading... Comments Off on What Happens When There are Excess Proceeds after a Nonjudicial Tax Sale in Georgia?
Investing in tax deeds can appear to be an easy and quick way to make money in real estate. But is it really? Is there really nothing more you need to do than to buy a tax deed at auction and then sit back and wait one year before the property is yours, all yours? […]Continue Reading... Comments Off on How to Get Clear Title after the Tax Sale Purchase
If you don’t pay your taxes in Georgia, your home can be sold at a tax sale faster than you can say “speeding bullet.” Tax Sales, Redeeming the Property and Surplus Funds As the property owner, you have one year after the property is sold to compensate the purchaser at auction and pay him/her/it the […]Continue Reading... Comments Off on It’s a Bird, it’s a Plane…It’s a Super Lien!
When it comes to renting real property to residential (as opposed to commercial) tenants, the State of Georgia requires that landlords follow specific rules. Not complying with the law can lead to costly fines and expensive legal disputes. One of the more important requirements for landlords is to comply with the anti-discrimination laws. Anti-Discrimination Basics […]Continue Reading... Comments Off on Landlords and the Laws Against Discrimination