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Georgia Final Notice of Forfeiture and Request to Vacate Property under Contract for Deed

State:
Georgia
Control #:
GA-00470-12
Format:
Word; 
Rich Text
Instant download

Description

The Final Notice of Forfeiture and Demand Buyer Vacate Property form notifies the Purchaser, after all prior notices of breach have expired, that Seller has elected to cancel the contract for deed in accordance with its terms and all past payments made by Purchaser are now considered forfeited and any future occupancy of property will result in action by the court.

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FAQ

Claiming Unclaimed Property in Georgia In Georgia, property is generally presumed abandoned if it has remained unclaimed by the owner for more than five years after it became payable or distributable. However, this time limit varies depending on the type of property involved.

After one year or more, those assets are unclaimed and go to the state. That money is lawfully protected and kept by the state to be returned to the owner rather than reverting back to the party who initially distributed the money. In most states, the money is generally held until the owner is found.

For questions about unclaimed property, call Monday through Friday between 8 a.m. and p.m. (excluding state holidays), at (855) 329-9863, or you can send an email to ucpmail@dor.ga.gov. To search for unclaimed money that may be lying in a different state's treasury, click here.

For most states, the dormancy period is five years. When property is officially designated by the state as abandoned or unclaimed, it undergoes a process known as escheatment, where the state assumes ownership of that property until the rightful owner files a claim.

The National Association of Unclaimed Property Administrators' website www.unclaimed.org is an excellent resource. This association consists of state officials charged with the responsibility of reuniting lost owners with their unclaimed property.

Search multiple states at once with MissingMoney.com Most states participate in MissingMoney.coma free website, sponsored by NAUPA, from which you can search participating state's databases for unclaimed property.

Checking or savings accounts. Stocks. Uncashed dividends or payroll checks. Refunds. Traveler's checks. Trust distributions. Unredeemed money orders or gift certificates (in some states) Certificates of deposit.

Unclaimed property refers to accounts held by financial institutions and other businesses who have lost contact with their owner of record.

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Georgia Final Notice of Forfeiture and Request to Vacate Property under Contract for Deed