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.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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