Keep Up to Date
Check back regularly to stay informed of landmark decisions and relevant proceedings, as well as news from our legal offices.
Lender Beware! Georgia Adopts the Federal S.A.F.E. Act. Georgia's SAFE Act, Codified in O.C.G.A. 7-1-1000 et seq., restricts owner financing transactions in Georgia and makes the act of owner financing a felony in many circumstances. John Maurer wrote an excellent article on the law here.
Mortgage Insurance (also known as PMI) to Become Permanent. Historically, those loans which required borrowers to obtain mortgage insurance merely required borrowers to pay mortgage insurance premiums until their loan balance was paid down to 78% of its original amount (or sooner in some circumstances). However, beginning April 1, 2013, FHA mortgages and some others will now require payment of mortgage insurance premiums for the life of the loan. Make sure to ask questions of your loan officer, mortgage broker or lender regarding mortgage insurance options and choices when applying for a loan.
Coweta Judicial Circuit Reorganizes. Prior to 2013, most civil cases in Carroll County and other counties in the Coweta Judicial Circuit were assigned to one or two "local" judges. With the election and appointment of several new judges in recent years, the Superior Court judges of the Coweta Judicial Circuit have decided to reassign existing cases so that all six judges in the circuit will hear cases in each of the counties in the circuit.
Anna Smith joins David J. McMahan, LLC. Anna Smith, a graduate of Villa Rica High School and the University of West Georgia, has joined our firm as an associate attorney. Visit Anna's page in our Attorneys section to learn more about her.
Looking for Professionals to Assist you with a Real Estate Transaction? We work with real estate agents, lenders, and other real estate professionals every day in our work as real estate closing attorneys. We know the strengths and special abilities of lots of local professionals, and are happy to refer you to someone we know and trust whose abilities match with your situation. Just call us and ask!