Legal Question in Real Estate Law in Georgia
Property as Collateral
I just found out that my elderly grandmother signed her house over as collateral for my nephew to get out of jail. She is not well and has been hospitalized with medical problems in the past. My sister has power of attorney over her and did not know this had been done. What can we do to rectify this matter, just in case he defaults?
1 Answer from Attorneys
Re: Property as Collateral
Probably nothing, unless you can show that your grandmother was not capable if executing such guarantee, which would probably be very difficult.
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
www.MacGregorLyon.com
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
