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Author: birddog

Foreclosure notice of default in Georgia– what is it?

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If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued

What is a Pre-Foreclosure in Savannah?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Savannah anyway? Many homeowners across America and Savannah are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Avoid Foreclosure in Savannah

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While the housing market is rebounding, many people in Savannah] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued

Can a house be sold while in probate in Savannah Georgia?

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Probate is the process of reassigning the property to the beneficiaries after the person dies. When a person passes away they leave their loved ones and their property behind. Sometimes the last will or the Testate is left behind by the person and in some cases it is not. Whatever is the situation, the property … Continued

Short Sale vs Foreclosure – What’s the Difference in Savannah?

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Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Savannah, Georgia? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop … Continued

What happens when you inherit a house in Georgia?

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Inheriting a house is one of the few big surprises that life brings us sometimes. But what happens when you inherit a house in Georgia? As much as you may want to keep an inherited house, sometimes you may be forced to consider putting it up for sale. Well, selling an inherited house can be … Continued

How to Stay in My Home After Foreclosure in Savannah

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Tax consequences when selling a house I inherited in Savannah

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Inheriting a home is a pretty sweet experience, yet bitter at the same time… You are left with great property value you can use to improve your life, but you are still mourning the loss of a loved one. So you may tend to ask yourself at this point “what are the tax consequences when … Continued

Understanding the Foreclosure Process in Georgia

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Understanding the foreclosure process in Georgia is an important part of navigating your own home foreclosure. Before we dive in… Understanding the Foreclosure Process in Georgia What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun. … Continued

Can I Sell My House in Foreclosure in Savannah?

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Do you have a Savannah Georgia house that’s in foreclosure right now? Many people going through the Georgia foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can … Continued