Cumming Georgia Foreclosure Actions Law Firm
Regardless of market trends, real property in Georgia almost always represents a significant investment for the owners and a substantial piece of collateral for the lenders who extend them credit. In most cases, there are two contracts involved in Georgia real estate transaction: the purchase, which is finalized at the closing, and the mortgage or property loan. In the case of the latter, the contract can be in force for any number of years.
Foreclosure in Georgia
Ideally, a lender would never have to foreclose on a property. The mortgage would be paid in a timely fashion until the term of the loan expires, and the mortgagee keeps his or her property. However, fortunes sometimes change. A private homeowner loses his or her job, or a business that’s financed a facility goes belly up. As long as the borrowers are continuing to make their payments, they have the right to own and hold the deed on that property. However, when mortgagees and debtors fall behind, oftentimes the only way to reclaim the principal of the investment is to initiate foreclosure proceedings. If you are a lender in Atlanta or northern Georgia who has delinquent debtors, the law firm of Boling Rice LLC can help.
Northern Georgia Foreclosure Attorneys
Foreclosing on property is rarely ever gratifying. It often represents a significant failure for the borrowers who own the property. In addition, the expense of foreclosing and reselling the property often means that the lender never recovers the full amount of their loss. There are also a number of legal hurdles in the State of Georgia that have to be breached before a mortgagor can reclaim a piece of real estate. The attorneys of Boling Rice LLC have decades of experience at successfully handling foreclosures for our Georgia clients. When we work with a lender to reclaim a property, our lawyers are knowledgeable and professional in their legal actions.
Select an Experienced, Reputable Property Foreclosure Firm
Boling Rice LLC is a law firm comprised of Georgia real estate attorneys. We can handle all manners of real estate contracts and foreclosures. When a borrower is in arrears, and negotiations or payment modification plans are just not a viable option, turn to the Georgia law firm on which dozens of others rely. Boling Rice LLC is your Georgia real estate foreclosure law firm. We work with banks, credit unions, private lenders, and other financiers of real property.
To schedule an appointment, contact us at our Cumming, GA law office. Our number is 770-887-3162.