Salter v. Bank of Commerce

Atkinson, Presiding Justice.

In section 1 of the act approved March 28, 1935 (Ga. L. 1935, p. 381), it is declared, “that from and after the passage of this act when any real estate is sold on foreclosure, without legal process, under powers contained in security deeds, mortgages or other lien contracts, and at' such sale said real estate does not bring the amount of.the debt secured by such deed, mortgage, or contract, no action may be taken to obtain a deficiency judgment unless the person instituting the foreclosure proceedings shall, within thirty days after such sale, report the sale to…