In Georgia, the right of redemption after foreclosure:
Question & Answer
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Lasts for 1 year
A 1-year redemption period is common in some states but does not apply to Georgia. This option reflects a misunderstanding of Georgia's unique foreclosure laws.
Does not exist - no statutory redemption right
Is 6 months
A 6-month redemption period exists in several states but is not applicable in Georgia. This represents a common misconception about foreclosure rights.
Is 90 days
A 90-day redemption period is found in some states but does not apply to Georgia. This option reflects a misunderstanding of Georgia's foreclosure process.
Why is this correct?
Georgia is one of approximately 11 states that does not have a statutory right of redemption after foreclosure. Once the foreclosure sale is complete, the borrower's rights to reclaim the property are terminated permanently.
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