Legal Question in Credit and Debt Law in Georgia

Foreclosure

If you have a home that goes back to the lender can they make you pay the difference owed once it has sold?


Asked on 2/07/07, 7:44 am

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Foreclosure

We do not know what your loan documents say, but generally, if you borrow a certain amount you are responsible for paying it all back. That may or may not be covered by selling the colllateral.

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Answered on 2/07/07, 7:50 am
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Foreclosure

If they do the appropriate steps, yes.

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Answered on 2/07/07, 10:52 am


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