Tag Archives: deficiency

  • Knowing What to Expect After a Short Sale

    Posted on December 3, 2017 by admin in Property Owners, Short Sales.

    A short sale is an alternative to foreclosure for a homeowner who is delinquent on mortgage payments. While a short sale may be a better option than a foreclosure, the borrower still has several legal and financial challenges after the short sale. Understanding your rights and obligations after the short sale is helpful in knowing […]

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  • Lender’s Obligations in a Foreclosure

    Posted on May 21, 2017 by admin in Real Estate Law.

    A lender has the right to foreclose on a property once the borrower misses a certain number of payments due on the mortgage. In a foreclosure, lenders and borrowers have rights and obligations under state law with which they must comply. In Georgia, lenders are required to take the following actions: Notice of default.  The […]

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