GEORGIA CODE (Last Updated: August 20, 2013) |
Title 44. PROPERTY |
Chapter 14. MORTGAGES, CONVEYANCES TO SECURE DEBT, AND LIENS |
Article 5. TRUST DEEDS |
Section 44-14-124. Judgment; lien thereof; levy and sale of the land
Latest version.
- When the maker of the deed, after being directed so to do, fails to pay the sums demanded in the petition together with interest and costs as required by Code Section 44-14-120 and also fails to set up and sustain his or her defense against the enforcement of the rights of the trustee and the holders or owners of the bonds, notes, or debts secured by the deed, the court shall give judgment for the amounts which may be due under the deed to be levied on the real property covered thereby. Upon the trustees making and recording a deed reconveying the real property to the maker in the office of the clerk of the superior court of the county where the land is located, the court shall order the real property to be sold in the same manner and under the same regulations which govern sheriff's sales under execution; provided, however, that, if the deed is filed and recorded as provided by law, the judgment shall be a lien upon the real property which shall be superior to any claim or lien, except taxes, whatsoever arising or created subsequent to the date of the deed to the trustee.
Ga. L. 1896, p. 76, § 5; Civil Code 1910, § 3315; Code 1933, § 67-1205; Ga. L. 1982, p. 3, § 44; Ga. L. 2002, p. 415, § 44.