Georgia Foreclosure Of Personal Property (Affidavit And Summons) is a legal process used to recover damages from a debtor who has failed to make payments on personal property. The process begins with the lender filing an affidavit and summons with the court, which is then served on the debtor. The affidavit outlines the amount of money due and the items of personal property that are being foreclosed upon. The summons informs the debtor of the court proceedings and gives a date and time that the debtor must appear in court to answer the complaint. Depending on the amount of debt and the type of personal property in question, the court may order a hearing or a summary judgment may be issued. There are two types of Georgia Foreclosure Of Personal Property (Affidavit And Summons): non-judicial foreclosure and judicial foreclosure. Non-judicial foreclosure is a process in which the lender does not go through the court system and instead follows the terms of the loan agreement or promissory note to repossess the property. Judicial foreclosure, on the other hand, is the process in which the lender files a lawsuit in court and proceeds with the foreclosure process in accordance with the law.
Georgia Foreclosure Of Personal Property (Affidavit And Summons)
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