Foreclosure Process in Georgia – Part 2: What to Do If You’re Running Out of Time
Not a legal foreclosure reference. For information only.
Hey, it’s Chris—your Middle Georgia real estate problem solver. I have been buying foreclosed properties in Middle Ga for 20 years. I have learned a lot of ways to stop or avoid foreclosure. Book a call to review some options. Advise is free!
If you’re reading this, you might already be in the danger zone: pre-foreclosure letters are piling up, the auction notice showed up in the legal paper, or maybe the courthouse steps are already being swept clean for your house to go up for sale.
In Part 1, we walked through the timeline of Georgia’s non-judicial foreclosure process. In this post, we’re going to talk action steps. What do you do when time is short, options seem thin, and stress is sky-high?
Let’s make this real simple—you still have options. You’re not stuck.
🔥 Option 1: Sell Your House Before the Auction
- Yes, even if you’re a week from auction day, you might still be able to sell. I’ve helped sellers in Warner Robins, Kathleen, Bonaire—even rural spots like Hawkinsville—pull it off.
- But here’s the catch: you have to act fast, and it helps to have someone like me who knows how to deal with liens, unpaid taxes, and impatient banks.
- If your house has equity, you can walk away with cash. If you don’t, I might be able to work out a deal with your lender to avoid the hit to your credit.
🛑 Option 2: File for Bankruptcy (Last Resort)
Bankruptcy can temporarily halt foreclosure through an automatic stay. This buys you time, but it’s not a long-term fix unless you have a solid plan.
You’ll need to talk to a bankruptcy attorney. And if you’re in Middle Georgia, I can recommend a couple I trust.
👉 Caution: This is NOT a free pass. It stays on your credit report for years and could delay—but not stop—the auction if you miss paperwork.
🤝 Option 3: Loan Modification or Forbearance
If your lender hasn’t yet scheduled the auction—or even if they have—call them. Ask about hardship options:
- Loan Modification: You restructure the loan, usually to reduce payments.
- Forbearance: You pause payments for a short time, then catch up later.
The key here is to be honest, persistent, and have your documents ready. If you need help figuring out what to say or how to fill things out, I’ve helped dozens of homeowners walk through this.
Listen to this audio or watch the video for more information.
Other related articles that may help;
Can I sell my house in foreclosure?
Foreclosure process in Georgia part 1
I owe more than my mouse is worth!