In Georgia, it only takes a couple of months to complete a home foreclosure. If you are facing foreclosure but don't understand the foreclosure process, a seasoned real estate attorney can offer the proper legal advice before it’s too late. However, to avoid finding yourself evicted from your home, it also helps to learn about the general timeline of the foreclosure procedures. 

What is Foreclosure?

Foreclosure is a process that makes it legal for a lender to sell a mortgaged house to recover unpaid loan balance. You can only be legally evicted from your home once the foreclosure sale is final. Georgia adopts a non-judicial type of foreclosure, which means your lender can resort to foreclosure without the need to file a lawsuit or appear in court. This makes the foreclosure timeline in the state one of the shortest in the country. While the entire process lasts around four months in most states, it takes about only half of that time in Georgia.

How Does the Foreclosure Process Work?

An uncontested foreclosure in Georgia can take effect within 60 to 90 days once the process starts. Depending on the circumstances, your lender has the option to forward your case to a foreclosure law firm if you’re delinquent on your payments. The lender is required to notify you about starting the proceedings to exercise the power of sale no later than 30 days before the foreclosure sale schedule. The foreclosing attorney will also dispatch a demand letter seeking payment for all unpaid balances within 10 days of receiving the letter.

For four weeks before the sale date, the foreclosure sale will be advertised once a week in the official county newspaper corresponding to the property’s location. If you decide not to seek assistance from a real estate attorney, the foreclosure sale will proceed on the steps of the county courthouse on the first Tuesday of the month after the advertised foreclosure. The highest bidder can buy the property, and the bank can evict you within two weeks to one month after filing an eviction action.

Bray & Johnson in Canton, GA, can provide you with competent legal representation when it comes to foreclosure cases. If you wish to learn more about Georgia foreclosure laws, a knowledgeable real estate attorney can answer your questions and offer guidance. Whether you need a criminal lawyer, a family attorney, or a personal injury lawyer, call them today at (770) 479-1426 to schedule a consultation. Visit their website to learn more about how an accomplished real estate attorney can help you.