Legal Question in Real Estate Law in Georgia

Due on sale issues

First question is do I need a FL or GA attorney for this? I have a mortgage on a home in GA. I stupidly allowed myself to get into a ''due on sale'' contract. I hired an attorney and tried to get out of the contract but was advised by the attorney I had no choice. The ''investor'' who has the warranty deed on this property has made the last three payments late, but less than 30 days. He is not abiding by the contract. I am concerned my credit rating is at risk. I tried to get a time limit placed on this contract but my attorney wouldn't do it. The mortgage is also a VA loan. There are more details, but in a nutshell, how can I make this investor purchase this property and rid myself of the mortgage in my name?


Asked on 5/25/05, 7:16 am

1 Answer from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: Due on sale issues

I would be more than happy to try an answer your questions, but I would need more information.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Glenn M. Lyon, Esq

MacGregor Lyon, LLC

Promenade II

1230 Peachtree Street NE

Suite 1900

Atlanta Georgia 30309

Phone 404.942.3545

Fax 404.795.0993

[email protected]

www.macgregorlyon.com

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Answered on 6/01/05, 4:06 am


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