Georgia's Evictions & Foreclosures
Georgia Information about Evictions and Foreclosures – As of March 1, 2021
Individual States have implemented a range of policies affecting evictions and foreclosures in response to the coronavirus pandemic. Georgia had not implemented any policies related to evictions or foreclosures in response to the coronavirus.
- Eviction Protections: No statewide eviction moratorium has been issued in Georgia. Local courts have discretion to determine whether eviction actions may move forward, whether remotely or in person.
- Utility Shutoff Protections: No statewide policy to date. Customers can check the Georgia Public Service Commission website or contact individual providers for updates.
- Mortgage/Foreclosure Relief: No statewide policy halting foreclosures has been issued in Georgia. Local courts have discretion to determine whether foreclosure actions may move forward, whether remotely or in person. Individual mortgage lenders may be willing to negotiate a forbearance or loan modification.
To find out more about your protections, please call or visit the following websites:
- State of Georgia has a COVID-19 hotline: (844) 442-2681
- Judicial Council of Georgia – http://georgiacourts.gov/emergency-judicial-orders
- State of Georgia Public Service Commission – http://psc.ga.gov
The extra $600 CARES Act unemployment benefit has ended. Mortgage delinquencies are track closely with the U.S. job market. With unemployment rising from historical lows in early 2020 to a record 11.41 percent in July, it is inevitable that mortgage delinquencies would increase as well with signs of economic distress continuing into the third quarter, mortgage delinquencies will likely further increase.
According to CoreLogic, in April 2020, 6.1% of mortgages were delinquent by at least 30 days or more, marking the nation's highest overall delinquency rate since January 2016. In addition, according to the Mortgage Bankers Association’s latest Forbearance and Call Volume Survey, revealed that the total number of loans now in forbearance increased from 8.53% of servicer’s portfolio volume in the prior week to 8.55 as of June 7, 2020. According to MBA's estimate, almost 4.3 million homeowners are now in forbearance plans.
When the homeowner is experiencing a financial hardship that is unavoidable, involuntary and beyond their control and they cannot afford the mortgage payment they may consider applying for a short sale with their lender. Each lender and their mortgage servicer has very specific procedures and processes that must be met. The My HOME in GEORGIA (MHIG) team can help you understand what these procedures and processes are and will help lead and guide, both the seller or buyer client through the sales transaction smoothly.
The process of selling and purchasing a distressed property is complicated and requires great details and training to have the specialized skills needed to complete short sale transaction. The MHIG team real estate professionals are trained in these areas so you can have confidence you need to complete this type of transaction.
If you or anyone you know are struggling with their mortgage payment, please call us 678-622-2693 to schedule a consultation to see how we can help you understand your options.
My HOME in GEORGIA's Promise to you!
A Word from the My HOME in GEORGIA Team Lead.
I am Terri Haklin, an Army Veteran and now a proud Real Estate Professional. I am also the Team Lead of the My HOME in GEORGIA (MHIG) Team. When I began putting the MHIG team together, I choose team members who shared the same work ethic I have and who would strive to provide our MHIG's clients with the same disciplines I practice daily. The disciplines of a soldier. Each member is responsive, communicates with purpose, provide direction through counsel, and protects the MHIG Client all the way to the end of their real estate transaction, whether it be as a seller, a buyer, a renter, or an investor.
Because of this, our MHIG Clients are surrounded by a proverbial shield of armor. With proactive counsel, we help you stay ahead of your upcoming decisions. This is a must so you can navigate around potentially harmful situations. We put your needs first by listening and taking action based on your direction. Each team member is attentive, obedient, and never failing in follow your lawful orders.
If you are in the real estate market looking to sell, buy or rent, you will need the council of a licensed professional. Someone who knows Georgia's real estate laws and someone to guide and protect you through questionable moments. You don't know what you don't know. You will need an educator to teach you processes and show you when to exercise caution. And in the end... you will need someone to be your negotiating bulldog; someone to protect every penny you intend to profit or spend.
You can trust the MHIG Team do this for you!
Whether you're a home Seller, Buyer, Renter, or Investor, working with a dedicated real estate professional can make all the difference.
The My HOME in GEORGIA (MHIG) Team delivers unmatched customer service for all your real estate needs. Sellers take full advantage of state-of-the-art marketing tools designed to broadly promote listed properties on a variety of channels, including major real estate websites. Buyers can advantage by having multiple team members at ready to show properties and negotiate deals when the Buyer is ready. Renters and Investors enjoy the same advantages when seeking property.
The MHIG Team at Coldwell Banker Realty consist of Terri Haklin (Team Lead, Listing, Buyer & Rental Agent), Samantha Coulter (Buyer's & Rental Agent), Stacey Roundy (Operations Manager) and Brian Haklin (CFO).
If you're looking for a positive, helpful partner who cares, communicates, gives counsel, and has clout, talk to us today and get the exceptional service you deserve.
This was the first home my husband and I purchased. We didn't really know much about the purchasing process. Terri Haklin made us feel comfortable and at ease! She was patient, knowledgeable, and just all-around a wonderful person to work with!! We would both recommend Terri to our friends and family.
-Nelly & Jonathan Gibson, Acworth GA, Client
Terri Haklin was referred to us by my husband's Commander for our upcoming PCS move. From the first phone call, we were confident that she was the perfect match for us. Terri made our 1st home buying experience a very pleasant one. She was on top of all our questions and concerns and even when we had an issue the day of closing with the final walk-through she was on the …
-Jack & Theresa Ward, Dallas,GA, Client
Terri Haklin was very informative and responsive in helping us find the perfect house to rent. Coming from Italy to Georgia and not knowing what to expect, Terri was extremely helpful in making sure we got into a wonderful house in a great area. I couldn't be more happy, thanks again!
-Angela Wilburn, Client
From our first encounter with Terri, we noticed she was very personable, eager, and open to divulging any/all knowledge relating to our interests in purchasing our first home. We greatly appreciated the counsel on the differences be buying vs renting a home. Terri was also upfront about the entire process and what to expect during each portion of purchasing a home. Terri …
-Shane and Brittany, Dallas, Client
Terri Haklin is very friendly and professional.
-Shanta Floyd – Slater, Client