There is a newer version of the Georgia Code
2010 Georgia Code
TITLE 44 - PROPERTY
CHAPTER 14 - MORTGAGES, CONVEYANCES TO SECURE DEBT, AND LIENS
ARTICLE 7 - FORECLOSURE
PART 2 - FORECLOSURE ON MORTGAGES
§ 44-14-190 - Disposition of proceeds
O.C.G.A. 44-14-190 (2010)44-14-190. Disposition of proceeds
The money arising from the sale of mortgaged property sold under the regulations prescribed in this part shall be paid to the person foreclosing the mortgage unless claimed by some other lien which by law has priority of payment over the mortgage; and, when there is any surplus after paying off the mortgage and other liens, the surplus shall be paid to the mortgagor or his agent.
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