Georgia allows deficiency judgments after foreclosure:
Correct Answer
C) Yes, if confirmed within 30 days of sale
Georgia allows deficiency judgments, but the lender must obtain court confirmation of the sale within 30 days to pursue a deficiency.
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Foreclosure is the legal process by which a lender takes possession of a property when a borrower fails to make mortgage payments. It allows the lender to sell the property to recover the outstanding debt.
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