Georgia Court of Appeals Partially Affirms, Reverses Decision on Distribution of Excess Funds From Tax Sale

The Georgia Court of Appeals affirmed in part and reversed in part a decision from the trial court regarding the distribution of excess funds from a tax sale in Fulton County, Georgia. The dispute stems from a tax sale conducted, which generated excess funds of $438,598.95. NewRez, LLC contended that it was entitled to a portion of the excess funds on certain grounds. The appeals court affirmed the award of $6,833.22 to GHFA Affordable Housing, Inc. as the holder of a valid deed to secure debt on the property. However, the court reversed the award of $276,763.71 to NewRez because ...