In re Hall (Ch. 13 Case No. 18-50181, Adv. No. 18-05019)

The Court held that lender’s title to real property under recorded security deed reverted to debtor seven years after maturity date reflected in the security deed, pursuant to O.C.G.A. § 44-14-80.  The Court held that a loan modification agreement that extended the maturity date did not prevent reversion because that agreement was not recorded.  The Court rejected lender’s argument that debtor’s waiver of statutes of limitation in the loan documents precluded the reversion.

Tuesday, July 2, 2019