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Does a security deed convey legal title to the property under Georgia law?
Wiki User
∙ 11y ago
Yes. Georgia is a title theory state. That means the title remains in the lender until the debt is paid. However, the conveyance is a conditional conveyance. The lender cannot keep the property unless there is a default in the mortgage. If the mortgage is paid off the lenders interest is extinguished and it must provide a release of the mortgage that should be recorded in the land records.
Yes. Georgia is a title theory state. That means the title remains in the lender until the debt is paid. However, the conveyance is a conditional conveyance. The lender cannot keep the property unless there is a default in the mortgage. If the mortgage is paid off the lenders interest is extinguished and it must provide a release of the mortgage that should be recorded in the land records.
Yes. Georgia is a title theory state. That means the title remains in the lender until the debt is paid. However, the conveyance is a conditional conveyance. The lender cannot keep the property unless there is a default in the mortgage. If the mortgage is paid off the lenders interest is extinguished and it must provide a release of the mortgage that should be recorded in the land records.
Yes. Georgia is a title theory state. That means the title remains in the lender until the debt is paid. However, the conveyance is a conditional conveyance. The lender cannot keep the property unless there is a default in the mortgage. If the mortgage is paid off the lenders interest is extinguished and it must provide a release of the mortgage that should be recorded in the land records.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoYes. Georgia is a title theory state. That means the title remains in the lender until the debt is paid. However, the conveyance is a conditional conveyance. The lender cannot keep the property unless there is a default in the mortgage. If the mortgage is paid off the lenders interest is extinguished and it must provide a release of the mortgage that should be recorded in the land records.
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Can property be sold by one individual if he is not appointed as executor or administrator of property?
He has no right in the property. He has no legal ability to convey title. Only the executor has that right.
Is it legal to post security cameras on common property?
depends where you live
Would a beneficiary Deed to property be legal in the State of Ga?
Generally, in order for title to real estate to pass to the heirs or devisees the estate must be probated. If a person inherited an interest in real estate a quitclaim deed from them would convey their interest in the property IF the estate had been probated. If the estate was not probated then they are not a legal owner of the property and their deed would convey nothing.
Is the state of Georgia a state that is a Tenancy by the entirety?
That is but one of the legal methods by which property may be owned.
What is a "foreclosure"?
The legal process by which a lender terminates the owner's right to a property that was pledged as security for a debt.
I purchased a property with fiduciary deed and now you want to sell the property will you have a problem?
As long as you had the title to the property examined by a professional there shouldn't be any problem. The attorney who represented you at the closing would have made sure the estate was in order and that the fiduciary had the legal authority to convey the property.
Are there dower rights in Georgia?
No, Georgia does not have dower rights. Dower rights are a legal concept that have been largely abolished in many states, including Georgia.
What is a legal mortgage?
A legal mortgage is a security interest granted to the lender by the owner of property as a condition of the loan. A note details the specifics of the money being loaned to the borrower. The mortgage refers to a security interest which the borrower grants the lender. The lender takes the security interest so that if the borrower defaults on the loan, the lender can seize the underlying asset (the real property, or home).
What is legal in Georgia?
Better question what isn't legal in Georgia
How do you describe security control?
Security control is a set of procedures and safeguards that are used to prevent or lessen the risks towards a property or company. This could include physical security procedures and also legal procedures.
Is it legal to videotape a woman undressing in your home without her permission?
yes because she is on your property and that camera is just for "security" measures
Is pepper spray legal in Georgia?
Pepper spray is legal in Georgia.
