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Georgia General Assembly > Legislation
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2011-2012 Regular Session - HB 1047
Property; showing of fair market value to obtain judgment on deed to secure debt or mortgage prior to foreclosure; provide
Sponsored By
HC: JudiciarySC:
First Reader Summary
A BILL to be entitled an Act to amend Article 7 of Chapter 14 of Title 44, relating to foreclosure, so as to provide for a showing of a property's fair market value in order to obtain a judgment on a deed to secure debt or mortgage prior to a foreclosure and sale under power; to provide for fair market value to be used as the opening bid in sales under power when a money judgment has been obtained prior to foreclosure; to provide for related matters; to repeal conflicting laws; and for other purposes.
Status History
Feb/21/2012 - House Second Readers
Feb/17/2012 - House First Readers
Feb/16/2012 - House Hopper