Georgia is not a state free of foreclosures, either. Many people have to face the unfortunate fact that they are behind with the payments and cannot prevent the foreclosure. This is a sad fact actually and destroyed many peoples’ dreams. But it does not have to be forgotten that there exist the foreclosure attorneys that can help preventing and also stopping a foreclosure. The success is not guaranteed in all the cases, but there is always a chance.
Georgia is a state where the foreclosure processes are known to be simple and understandable. Those who take the time and make some research and read the laws; will find out how clear is everything. This state is a so called “title theory” state. Here the borrowers give the title of their property to the lender until the loan is entirely paid back. Thus the lender owns the home, but is the borrower that lives in it. This makes it simple for the lender to act in cases if the borrower is in default. As a result of this, one of the preferred methods in cases of defaults is a foreclosure through the force of sale clause.
It is recommended to turn to a foreclosure attorney and get help. People usually do not have the proper knowledge in order to make the best of the process and save their homes. It is the attorneys that give a helpful hand and inform people about all the issues. The above mentioned power of sale is what is to be observed at the most of the foreclosures in Georgia. This sale is non-judicial and the lender just simply sells the house following the steps of the courthouse. This is not the only method used in Georgia, there are also some others. In rare occasions is the judicial foreclosure used. The non-judicial foreclosure involves many steps and is good to hire a good foreclosure attorney in order to be up to date with everything and try to save the home.
The foreclosure attorneys know that all the counties in Georgia publish the foreclosure advertisements and that they are taking foreclosures really seriously. In many cases the foreclosure attorney can help the lender so that would be able to be the one who buys the property. Even if the person is facing severe financial problems, the foreclosure is possible to stop. Since Georgia has become the seventh nation regarding the foreclosure rates, many foreclosure attorneys are offering their services and they have become more experienced and prepared to face everything.
Georgia is a state that is prepared to stop and prevent foreclosures. All the existing attorneys contribute to the saving of homes and they use all the possibilities that are available.