Georgia Foreclosure Laws - Foreclosures in Georgia

Georgia Foreclosure Laws

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Georgia Foreclosure is Non-Judicial.

Send Pre-Acceleration Letter if not sent by client

According to Georgia foreclosure law, the FNMA security instrument requires 30 days written notice to the borrower that the loan will be accelerated and foreclosure commenced. Usually this letter is sent by the lender.

Send Acceleration/Demand Letter

This letter provides the borrower with 10 days in which to pay the entire debt without attorney fees being added pursuant to Georgia foreclosure law and provides the borrower with a copy of the newspaper ad pursuant to Georgia law.

Send foreclosure ad to newspaper

Foreclosure ads must be published once a week for four consecutive weeks in a newspaper having general circulation in the county in which the property is located immediately preceding the foreclosure sale date.

Conduct foreclosure sale

Georgia foreclosure law states that foreclosure sales may be held only on the first Tuesday of the month unless that day is New Years Day or July 4 in which event, foreclosures are conducted on the following day. The foreclosures must be conducted between 10:00 a.m. and 4:00 p.m.

File eviction if necessary

Eviction is judicial and generally takes about 30 days.

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