Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Georgia?

If the amount earned from the foreclosure sale of a Georgia property is less than the amount owed on the loan then a Georgia lender has the right to sue the borrower for a deficiency judgment. A deficiency judgment lawsuit must be filed within 30 days of the foreclosure sale.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.

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