Search This Blog

A Blog about Real Estate, How it Can Be Damaged, and Disputes Over its Transfer

This blog is a personal blog written to discuss legal issues affecting Georgia property, and how it is damaged, transferred, and fought over. I write this partly to keep abreast of the law, and partly to offer a forum for my writing. In order to find content, I often analyze Georgia Supreme Court decisions. I try to update this blog as I can, but writing is a time consuming process.

Tuesday, July 19, 2011

Foreclosure Rescission Law Upheld

On July 5, 2011, the Georgia Supreme Court issued an opinion upholding the constitutional validity of O.C.G.A. § 9-13-172.1, which authorizes the rescission of foreclosure sales under certain conditions. JIG Real Estate, LLC v. Countrywide Home Loans, Inc., Appeal Case No S11A0046 (Slip Op., July 5, 2011). The case had been brought by a buyer of a home at a foreclosure sale that took place notwithstanding the homeowners' loan modification with the bank. The court refused to find that the law was void for vagueness.

No comments:

Post a Comment