Legal Question in Real Estate Law in Georgia

Deed to Secure Debt

Son and wife are own a contract buying their property.

Payments are always late, have been in Chapter 7, kicked out,then into Chapter 13 since 1997. Drugs we found for them both was the reason for financial problems.

Son got 10 yrs. in prison.She was monortered by DFCS 1 yr.

We agreed to pay back fees and payments if he and she agree to sign Fin. POA., so we can pay off loan, pay back her dad and us for our payments, use rest for her and children while he is incarcerated then they get back what if any is left. We have already purchased foreclosed mbl/home still on property.

They agreed,3 mths now she has changed her mine Wants it split 50/50. She has proven that she can not handle fin. not before nor now. We are concerned for her and children to have what they need to survive.

Since he is Principle on loan can his Fin. POA to us give us right to do this or is there a way to sell w/out her? She said just let them foreclose on it!


Asked on 6/20/06, 9:29 am

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

Re: Deed to Secure Debt

Your post is really hard to follow, but the bottom line is that if you are dealing with property and financial issues that involve a significant amount of money, you need to see a lawyer who will advise you based on the facts, documents, title, etc., and who will draft the appropriate documents. This is especially true when there are so many other issues involved, as in your case.

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Answered on 6/20/06, 9:52 am


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