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Foreclosure Process in Georgia

A Step-by-Step Guide on Georgia Foreclosures

Have you fallen behind on your mortgage payments? Or have you already received a foreclosure notice from the bank? If you’ve answer yes to either of these questions, contact Schuyler Elliott & Associates, Inc. to speak with experienced foreclosure defense lawyers in Atlanta. We can discuss the details of your situation and determine if you have a case. We offer free, initial consultations where you can learn what legal options are available to you without any additional financial burdens.

Contact Schuyler Elliott & Associates, Inc. online or call (770) 400-9102 to speak with a foreclosure attorney in Atlanta.
Your initial consultation is free of charge!

About the Georgia Foreclosure Process

The foreclosure process is different for many states. It can be very complicated, however, it may be broken down into four basic steps.

Step 1 – A 30-day Notice of Intent to Foreclose

A lender is required by law to notify the borrower 30 days prior to scheduling a foreclosure sale. The notice usually includes a copy of the foreclosure advertisement published in the official county newspaper (see "Notice of Sale" below), and must include the name, address, and telephone number of the individual or entity with full authority to negotiate, amend, and modify all terms of the loan. There are specific parameters that must be meet when providing this notice and if not met, then the notice and the foreclosure can be deemed invalid.

Step 2 – Publicized Sale

The lender must run a public advertisement for at least four weeks. This advertisement must be in an official, county newspaper where the property is located and must run at least once a week for four weeks before the sale.

Step 3 – Reinstating the Loan

At this point, the borrower has the option to reinstate the loan. In Georgia, residents have the right to pay back money owed and reinstate the loan up to 5 days before the foreclosure sale. In some limited circumstances, a loan can be reinstated before the foreclosure sale is even scheduled.

Step 4 – A Foreclosure Sale

If a borrower is unable to pay the money owed and reinstate the loan, then a lender has the right to hold a foreclosure sale on the first Tuesday of the month.

How Long Does Foreclosure Take?

In Georgia, the foreclosure process can vary depending on your circumstances. However, on average, it takes about one to three weeks to complete. If your property was sold at a foreclosure auction, the eviction process takes about 14 to 30 days. When the paperwork is approved, the new owner has a right to serve you a 3-day “Notice to Quit”. When this ends, the sheriff will appear to assign an eviction date. You and any others inhabiting the property must leave by this date and take personal items with you.

Received a Notice of Intent? Call Schuyler Elliott & Associates, Inc. Today.

At Schuyler Elliott & Associates, Inc., our foreclosure attorneys in Atlanta have assisted thousands of clients over the last two decades. We believe in helping any homeowner that comes through our doors as fast as possible, so we make ourselves available 24/7.

Get a free consultation now by calling our office at (770) 400-9102 or filling out an online form!