Georgia Foreclosure Notice - What is it?

 If you've ever received an executive order by default and want to know what's going on, read on. Basically, an enforcement order is a document that a lender must submit in order to initiate the foreclosure process.

Foreclosure notices must be sent to anyone interested in the property (loans, credit institutions, or contractors who owe money for the work performed on the property will also receive a copy).

Foreclosure notices should also be published in the newspapers and should actually be placed in a prominent place on the property itself.

While this is a real shame for those facing foreclosure, it is actually a very important protection for consumers. Before US law required a notice of default, people were sometimes locked up without warning.

This has also happened in recent years: at least one bank has accidentally blocked the wrong property and evicted people from their homes without due process or notice. It also happens around Butts County.

A notice of default is a very important step in the foreclosure process, allowing people interested in real estate to apply and claim their rights before it's too late. If you get a late message, don't wait. Time is obviously of the essence and you need to act.

Here are a few key steps you should take:

1) Stay calm and don’t panic.

This may sound obvious, but it’s probably the most important. Anyone who is in foreclosure faces many tensions other than ownership. These situations don't happen overnight and take time to resolve. You can overcome this by adopting good coping strategies and taking care of yourself and your family. Calm down, because panic leads to bad decisions. 

2) Educate yourself.

Find out everything you can about the foreclosure process in your state so you know what's going on and what's going to happen next.

3) Collect resources.

Many non-profit and government resources are available. You need good legal and fiscal advice along the way. Make sure you don't do everything yourself. This is very complicated and has many rules.

4) Learn your options. 

We are here to help you avoid foreclosure. We buy houses for cash in Georgia. We can help you with a short sale or even a rental business so that you can (hopefully) continue living in your home. There are more options than you might think.

5) Communicate.

The bank involved doesn't want your property. They want the money and what you say is very important. The execution process can be delayed or interrupted if appropriate measures are taken. Do I want to know more?

Contact us at any time at 478-475-2478 or contact us on our website and place all your options for your specific position.