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BankersOnline.com Forums State-Specific Compliance Issues Georgia "Liability After Foreclosure" Section of CD
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#2030275 - 07/28/15 07:20 PM "Liability After Foreclosure" Section of CD
tgpitts11 Offline
Member
Joined: May 2012
Posts: 75
Anyone know how to fill out the "Liability After Foreclosure" section on page 5 of the Closing Disclosure for Georgia?

Our choices:

State law may protect you from liability for the unpaid balance.

or

State law does not protect you from liability for the unpaid balance.

Thanks!

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#2030287 - 07/28/15 07:50 PM Re: "Liability After Foreclosure" Section of CD tgpitts11
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
My understanding is that is choice #2.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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