Legal Question in Real Estate Law in Georgia

We have been struggling to remain current on our mortgage for the past few years. We have tried and been denied twice for a loan modification. We are currently in Georgia. We are not in default yet but are moving to another state (Arizona) and will not be able to afford our new rent and keep up with our mortgage payments. We do not have time to attempt to sell our home. If the lender forecloses, what are the chances we will be sued for the deficiency? We have almost $0 in savings and own two vehicles, one which is paid off and one which we still owe the bank for. Could the lender take either of these from us or garnish our wages?


Asked on 4/18/11, 1:22 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

There is a very good chance of being sued and then garnished. A bankruptcy could prevent that. Call me 4047683509 for details.

Read more
Answered on 4/18/11, 2:05 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Georgia