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anti-deficiency state

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betty

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Post Posted: Sun Jul 04, 2010 6:20 am    Post subject: anti-deficiency state
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Shocked

Is GA a walk away anti-deficiency state??

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jameshogg




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Post Posted: Tue Jul 06, 2010 12:11 am    Post subject:
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Hi betty,

As far as I know, deficiency judgments are allowed in Georgia. But the anti-deficiency laws permit the lender to claim the deficient amount within 30 days of foreclosure. After 30 days are over, the lender cannot claim the deficient balance.

Thanks
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