Legal Question in Bankruptcy in Georgia

Deed in Lieu of FORECLOSURE

In Georgia, what steps do I take to do a Deed in Lieu of Foreclosure? How long does it take to get done? How much does it cost and can I do it?


Asked on 8/28/08, 8:39 am

2 Answers from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Deed in Lieu of FORECLOSURE

It depends on if the lender will agree to it (many will not). You should not consider that or talk to the lender about it until you meet with a lawyer and determine your options.

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Answered on 8/28/08, 8:45 am
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Deed in Lieu of FORECLOSURE

There is no standard cost - ask a real estate lawyer in your area how much they charge. Perhaps the lender can prepare one and you can just pay a lawyer to review it. Of course, this is a seperate issue from whether it is a good idea to do it.

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Answered on 8/28/08, 8:47 am


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