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Blank Georgia Security Deed Form

Blank Georgia Security Deed Form

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Instructions and help about Blank Georgia Security Deed

both a mortgage and a security deed also referred to as deed to secure debt loan deed or warranty deed to secure debt can be used to secure a financing instrument for real estate loans most lenders in Georgia use a security deed because it involves the transfer of title to the property in order to secure the debt whereas a mortgage only creates a lien on the property a security deed minimizes the risk for lenders in the event of default allows for non judicial foreclosure and speeds up recovery of the real estate collateral for their loans hypothec Asian and title to property when a security deed is used it gives the lender legal title and it gives the borrower equitable title to the property with a right of redemption meaning the borrower can reacquire legal title to the property by paying off the loan in addition the borrower retains the right of possession and all rights of ownership except those that interfere with the lenders legal title and any rights given up in the security dee

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