The home foreclosure process in Georgia is generally a 60-day process. This is much faster than most other states in the country. For example, South Carolina foreclosures average around 180 days. Georgia foreclosures are more than twice as fast. This is why Georgia homeowners who are having problems paying their mortgage or already face losing their house need to act quickly.
If you are behind on mortgage payments or facing foreclosure, you should consider filing for bankruptcy. Bankruptcy filed in a timely manner can stop foreclosure proceedings. In some cases, this can be up to the day of the foreclosure sale. However, this is not recommended and you should seek legal advice as soon as possible.
Losing Your Home? Seek Assistance Immediately
The experienced Augusta bankruptcy attorneys at Boudreaux Law Firm, have more than 20 Years of experience. Our firm handles many bankruptcy law practice areas, including stopping foreclosure with Chapter 7 and Chapter 13 as well as Chapter 11 bankruptcy.
We serve the entire CSRA and Eastern Georgia region from our offices in Augusta and Evans. If you are considering bankruptcy as an option to avoid foreclosure, we can discuss your individual case with you. Please call our offices or contact us online.
Georgia Foreclosure Process
Georgia is a "nonjudicial" foreclosure state. This means that foreclosures do not go through a petitioning process with the court. There is no lawsuit. Instead, there is a nonjudicial sale of the property. Here are the basic steps in a Georgia foreclosure process:
- Once in default, the bank or mortgage holder will contact the homeowner.
- The homeowner has 10 days to pay off the default without assessment fees.
- If default continues, an advertisement is published in the local newspaper once a week for four weeks.
- On the first Tuesday of the month following the advertisement, a nonjudicial sale takes place at the courthouse. A bidding process will ensue to purchase the property.
If a homeowner files for bankruptcy prior to the nonjudicial sale, the foreclosure can be stopped. However, you do not want to rely on this and wait until the last second. The sooner you seek help, the better the outcome of your case.
Contact Our Highly Skilled Augusta, Georgia, Bankruptcy Lawyers
Contact us today to stop foreclosure and to start a new beginning. We offer a free consultation for all consumer bankruptcy clients, so that we find the best path to a fresh start. Schedule yours today with one of our experienced Augusta bankruptcy lawyers.