Temporary Restraining Order Form Foreclosure In Georgia
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FAQ
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult.
What action could temporarily stop a foreclosure? The borrower declares bankruptcy.
Before a foreclosure officially begins, you must be over 120 days delinquent on payments.
The borrower will not get much advance notice – Georgia law requires that the notice be sent at least 30 days before the date of the proposed foreclosure sale.
This right provides the owner every reasonable opportunity to reacquire the property; provided, however, that the guidelines and requirements below are followed. The redemption must take place within 12 months of the date of the sale or at any time after the sale until the right to redeem is foreclosed.
How Long Does Foreclosure Take? In Georgia, the foreclosure process can vary depending on your circumstances. However, on average, it takes about one to three weeks to complete. If your property was sold at a foreclosure auction, the eviction process takes about 14 to 30 days.
In Georgia, most home foreclosures happen without a court hearing. Before the foreclosure sale, the Bank must send you a notice that it will foreclose and publish notice of the sale in the local newspaper. Then the home is sold on the courthouse steps.
You'll need to include a motion for a temporary restraining order (TRO) and preliminary injunction to enjoin (stop) a foreclosure sale while your claims are being litigated. Usually, homeowners also ask the court for a permanent injunction.
