Georgia House of Representatives unanimously passed HB 985 ,which would protect Georgia homeowners from squatters who file false liens to claim foreclosed/vacant homes. HB 985 will protect Georgia homeowners by prohibiting a person from knowingly filing, entering or recording a lien or any other instrument relating to a security interest in or title to real or personal property that is false, fictitious, or fraudulent statement. Violation of this law shall constitute a felony and shall be punishable by imprisonment of no less than one year.
This bill still has to pass through Georgia’s Senate before it can become law. GAR will continue to support this bill to protect the interest of homeowners across Georgia and keep you informed on it’s progress.
Monday was Crossover Day in Georgia, where it’s basically do or die for bills in the legislature. The House adjourned around 11:15 pm and the Senate around 7:00 p.m. on Monday, March 3, 2014. If a bill didn’t crossover from the chamber it was introduced in and transfer to the other chamber for consideration, it’s considered dead for the year. Some bills that the REALTORS® were following that did not crossover were; the solar power bill to make solar energy more affordable and a bill Georgia REALTORS® opposed that would allow a debtor to stay in a foreclosed property until deed under power had been recorded. GAR will keep you informed on legislation that will impact the real estate industry and private property rights as we speed through the remainder of the 2014 session.
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