The Foreclosure Process
Five steps in a Georgia foreclosure.
Georgia foreclosure is a structured, time-bound, nonjudicial process driven by the power-of-sale language in the security deed.
01
Loan documents & security deed
Your mortgage package usually includes a security deed with a power of sale clause. That language may let the lender accelerate the full remaining balance and sell the property if you default.
02
Missed payments & Notice of Default
After a borrower is usually 60–90 days behind, the lender may send a Notice of Default. It sets a deadline to “cure” the default by paying all past-due principal, interest, fees, and other required charges.
03
Failure to cure & Notice of Sale
If the default is not cured, the lender sends a Notice of Sale to the borrower and lien holders. The notice is registered with the county court and delivered with proof at least 30 days before the sale date.
04
Legal publication
The foreclosure notice is published for four consecutive weeks in an official legal newspaper. It includes the property’s legal description, the borrower’s name, the deed-to-secure-debt reference and current holder, and the date, time, and location of the auction.
05
Foreclosure sale at the courthouse
The sale is held on the first Tuesday of every month at the county courthouse steps. Interested buyers bid, and either the lender or the highest cash-in-hand third-party bidder takes title.
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