Foreclosure Process Info,Georgia Foreclosure Process Info Real Estate Gwinnett County, Short sale Process, -Mortgage Short Sales real estate gwinnett county, ga. investment properties in gwinnett & atlanta Atlanta home sale - Atlanta home sales, Gwinnett real estate, Sale your home fast, homes for sale in gwinnett, gwinnett agent

Foreclosure info
Don't Face Foreclosure ALONE.

Overview of Georgia Foreclosure Law

	Borrower grants a “Deed to Secure Debt” or “Security Deed” when a property loan is closed. This removes the need for a judicial proceeding (a hearing with a judge) for a lender to foreclose.
	The definition of a default on a mortgage is up to the lender (within reason) and is found in the fine print of the documents signed at closing.
	Borrow usually gets a 30 day written notice warning that the loan will be accelerated and foreclosure commenced. Federal National Mortgage Association (FNMA) loans require this notice.
	Lender hires attorney to send foreclosure ad to the county “legal organ” (official newspaper for legal notices) and also to conduct the sale should no cure come about in time. Foreclosure ads must be published once a week for at least four consecutive weeks preceding the foreclosure sale date.
	Attorney sends Demand Letter typically by the 15th of the month giving the borrower 10 days to pay off or reinstate the mortgage without attorney fees added. A copy of the legal notice is also provided.
	Auctions are held at the courthouse steps of the county where the property is located from 10:00 a.m. to 4:00 p.m. on the 1st Tuesday of every month (or 1st Wednesday if the 1st Tuesday is New Year’s Day or Independence Day). NO RIGHT OF REDEMPTION!

Contact SWD Homes to sell your house now. Please call 678-298-4591 Ext. 105, 24/7. Leave your information with our live operator and one of our short sale real estate specialists metro Atlanta will get back to you ASAP. "Or Click here" to fill out a form on this site and one of our short sale real estate specialists will get back to you ASAP.

Some reasons Houses don’t make it to the Court House Steps for Auction

	Borrower reinstates loan (catches up payments).
	Borrower refinances and pays off foreclosing lender.
	Borrower and lender negotiate a work out plan. Could be a change in loan terms, moving some debt to the back of the loan, and/or making higher monthly payments for a while.
	Borrower sells the house and closes prior to foreclosure.
	Borrower works out a mortgage short sale with a short sale service company. Contact SWD Homes. for your short sale need's 1-678-298-4591 Ext. 105. Or Click here
	Borrower gives deed to lender. (“Deed in Lieu of Foreclosure”, “Cash for Keys”)
	Borrower files Bankruptcy. (85% of the time this is only a delay and it hurts the borrower even more!)
	Foreclosing lender or attorney discovers they failed to follow proper contractual or statutory procedures.

Typical Foreclosure Timeline for Georgia

	DAY 1: Borrower misses a mortgage payment.
	DAY 16-30: Late charge assessed. File sent to Collection Department. Mortgage servicer attempts to contact borrower to discuss situation.
	DAY 45-60: Servicer sends “demand” or “breach” letter to borrower. Borrower is typically given 30 days to resolve the situation.
	DAY 45-120: Servicer refers loan to its “loss mitigation” department and now or soon will hire a local attorney to initiate formal foreclosure proceedings if no acceptable arrangement is made with the borrower. Service's representative will publish details of the debt in the “legal organ” (county newspaper for legal notices). Being 90 days late is a serious hit to the borrower’s credit score!
	DAY 75-180: On 1st Tuesday of month after notice series published, property is auctioned at county courthouse steps. Borrower must leave; may take an eviction to enforce. Adversely affects borrower’s credit for life as all lenders ask if applicant has ever had a foreclosure.

“How to Avoid or Stop Foreclosure and Get the Cash You Need Fast...”

Dear Homeowner,

If you are headed toward foreclosure, or are already in foreclosure, you need to know the rights and options available to you now. Only then can you save your house, save your credit, or save your equity before it’s gone forever.

Once you get behind on your mortgage, the clock is ticking. The sooner you decide on the course of action, the more cash you and your family can pull out of your house, and the better chance you’ll have of stopping the bank from foreclosing your home.

Should you sell your house now?
Maybe we can buy your house quickly and easily. There’s no need to go through the uncertainty of listing your house with an agent or trying to sell it yourself. There’s no need to spend money fixing up your house to please a picky buyer.

	We can buy your house “as is”
	We can close on the date of your choice
	We can handle all the paperwork
	We can give you cash for your equity

We’re not real estate agents and we’re not associated with any real estate agency. We don’t charge a fee or commission so there’s no cost to you. We can close in 7 to 10 days and by acting now, you can get the most money out of your house.

Disclaimer
You should consult with your attorney and/or accountant before acting upon any information contained herein.
This information is intended to provide accurate and authoritative information with regard to the subject matter covered. It is offered with the understanding that the author is not engaged in rendering legal, accounting, investment or other professional advice or services. Information obtained from this web-site, including e-mail responses should be considered as general educational information. It may give you a solid basis for discussion with your own attorney, but you must never rely upon the advice given here. Your individual situation may not fit the generalizations discussed. Only your attorney or accountant can evaluate your individual situation and give you advice.
If legal advice, or other expert assistance is required, the services of a competent professional person should be retained.