Leander Loan Default in Atlanta Ga

[Lachionte Culpepper]

Hello all. The borrower defaulted on a loan that I'm involved in. I'm the only investor and I have the security deed stating I will have rights to the property if the borrower defaults. I also have the buyer's agreement. The house isn't fit to live in. What is my next step? I've hired a real estate attorney to ensure the title gets recorded in my name.

I'm not sure what to do with the property after the title transfer is finalized. Please advise. Thanks in advance 😊

[Wayne Brooks]

Sounds like a straight up foreclosure.  You may want to insure the property, and make sure it doesn't go to a tax sale.