This deed, or deed-related form, is for use in property transactions in the designated state. This document, a sample Deed to Secure Debt with Power of Sale, can be used in the transfer process or related task. Adapt the language to fit your circumstances. Available for download now in standard format(s). USLF control no. GA-8206
Atlanta Georgia Deed to Secure Debt with Power of Sale
State:
Georgia
City:
Atlanta
Control #:
GA-8206
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Georgia Deed To Secure Debt With Power Of Sale?
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FAQ
Security Instruments (Deed of Trust vs. Mortgages are used, but they are rare. A security deed (deed to secure debt) is the customary security instrument in Georgia. Georgia does not use a Deed of Trust.
Moving Forward Type of DocumentPrior Fee StructureNew FeeDeed of Transfer (e.g., Limited Warranty Deed, Quitclaim Deed)$10.00 for the first page, $2.00 for each add'l page$25.00Security Instrument or Modification of Security Instrument (e.g., Security Deed, ALR)$10.00 for the first page, $2.00 for each add'l page$25.006 more rows ?
A lender foreclosing on real property in Georgia under a power of sale granted in a deed to secure debt (security deed) must execute a foreclosure deed under power of sale (also known as a deed under power) to convey title to the highest bidder following the foreclosure sale (O.C.G.A. § 44-14-160).
An administrator's deed is a legal document that transfers the property of an intestate individual, who is a person who passes away without a will. In such cases, the property is transferred to descendents or next-of-kin with the use of an administrator's deed since the deceased individual did not have a will.
A Georgia quit claim deed is a document used to convey property from a seller to a buyer. It is fair to note, this type of deed transfers ownership with no guarantee. The seller, in this case, is merely transferring whatever interest he or she has in the property.
After foreclosure, the deed under power conveys the borrower's equity of redemption to the purchaser at the foreclosure sale. The conveyance merges: The lender's legal title.
All deeds must be recorded with the Clerk of Superior Court. Many deeds are available online by accessing the local Clerk of Superior Court website. Others may be secured through the Georgia Superior Court Clerk's Cooperative Authority at .
Georgia Quit Claim Deed Also called a non-warranty deed, a quitclaim is one of the methods for transferring residential or commercial property between family members. This legal form conveys only that interest held by the grantor and a title to real estate.
A security deed (also known as a deed to secure debt, loan deed, or warranty deed to secure debt) is the most common form of securing a financing instrument for real estate loans in Georgia.
What is a Power of Sale? If a homeowner stops paying their mortgage and defaults on the loan, a power of sale by the lender allows the home to be sold to pay back the mortgage. There are other ways for homeowners to default on a mortgage besides not making their mortgage payments.