Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 14. MORTGAGES, CONVEYANCES TO SECURE DEBT, AND LIENS · Article 7. FORECLOSURE · Part 2. FORECLOSURE ON MORTGAGES

44-14-190. Disposition of proceeds.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

The money arising from the sale of mortgaged property sold under the regulations prescribed in this part shall be paid to the person foreclosing the mortgage unless claimed by some other lien which by law has priority of payment over the mortgage; and, when there is any surplus after paying off the mortgage and other liens, the surplus shall be paid to the mortgagor or his agent.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Laws 1799, Cobb’s 1851 Digest, p. 571; Code 1863, § 3873; Code 1868, § 3893; Code 1873, § 3969; Code 1882, § 3969; Civil Code 1895, § 2751; Civil Code 1910, § 3284; Code 1933, § 67-501.

Law reviews

For survey article on real property law, see 60 Mercer L. Rev. 345 (2008).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch8-15-(v32)-2022-pdf.pdf, Volume V32, 2022 edition, page 622; merge action: carried; file SHA-256 02e72213893a.