Property OwnershipLegacy_property_ownershipMEDIUM
In Georgia, a security deed is:
Correct Answer
B) A deed that transfers title to the lender as security
Georgia uses security deeds, which transfer legal title to the lender (grantee) as security for the loan. The borrower retains equitable title.
Answer Options
A
The same as a mortgageB
A deed that transfers title to the lender as securityC
Used only for commercial propertyD
Not recognized in GeorgiaVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
lien-theory-vs-title-theory-statesforeclosure-proceduresreal-estate-financing-instrumentsgeorgia-real-estate-law
Key Terms:
security deedtitle theoryGeorgia financinglegal titleO.C.G.A. § 44-14-60
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
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