Legal Question in Real Estate Law in Georgia

Deed In Lieu of Foreclosure. Are there any charges involve or negative credit reporting? Will the debt be completely dismissed or can the bank come after any other property that may be own?


Asked on 1/28/11, 10:52 am

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

If you are not satisfying the debt in full, of course you can expect negative credit reporting. The lender may also sue you for the difference, or send you a 1099 for any forgiven debt.

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Answered on 1/28/11, 12:56 pm


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