Trying to take possession of the property.
Not sure what you mean by "property redemption period" as Georgia does not have such a thing, but the answer depends upon your security deed. A typical security deed has a "power of sale" provision which allows for a non-judicial foreclosure. For a non-judicial foreclosure you will have to send a 30-day notice, then publish notice of the sale in the county newspaper. After that you can do a sale on the courthouse steps, and the winning bidder gets a Deed of Foreclosure and becomes the new property owner. You'd then need to file a dispossessory action to obtain possession of the property. Note that federal law requires you to wait until the loan is 120 days delinquent before foreclosing.
This post is for information purposes only and does not constitute legal advice, nor does it establish an attorney client relationship with Mr. Honsalek.
There are specific requirements and notices which must be given in order to foreclose other interests in the property. These are all governed by O.C.G.A. 48-4-40 and the following statutes. You should read these over carefully and, if you want to be sure, get an attorney's advice.
The above information is general in nature. In order to obtain more specific legal advice upon which to base your important decisions, you should consult with an attorney in person and retain one of your choosing. Robert M. Gardner, Jr. Gardner Law Firm
This is something you cannot handle on your own, you must retain the right type of attorney. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation with an experienced GA mortgage foreclosure attorney. Use AVVO's Find a Lawyer tool to select a qualified attorney. Good luck. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.
If you found this Answer helpful, please mark it as "Best Answer" Please be advised that the answer above is only general in nature cannot be construed as legal advice, given that not enough facts are known. It is your responsibility to retain a lawyer to analyze the facts specific to your particular situation in order to give you specific advice. Specific answers will require cognizance of all pertinent facts about your case. Any answers offered on Avvo are of a general nature only, and are not meant to create an attorney-client relationship.
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