Legal Question in Banking Law in Georgia

GA Mortgage Lending Practices

Under the Georgia Fair Lending Act, is it unlawful for mortgage payments to be more than 29% of gross income?

Asked on 5/14/09, 1:42 pm

1 Answer from Attorneys

Yasha Heidari Heidari Power Law Group, LLC

Re: GA Mortgage Lending Practices

I am sorry to hear about your situation-- it sounds like a real mess.

If you want to redeem your property, time is running out. You have 1 year from the date of the tax sale to redeem it.

However, judging by what you have stated, I think you might have a few possible causes of action against various parties. Feel free to e-mail me or call me so we can discuss your options.

Please note that no attorney-client relationship exists and the above is solely for informational purposes.

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Answered on 5/14/09, 8:46 pm

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