Finance
Georgia uses a Security Deed (Deed to Secure Debt) rather than a mortgage. This means:
AA. The borrower retains legal title during the loan
BB. Legal title is transferred to the lender while the borrower retains equitable title✓ Correct
CC. Both parties share legal title equally
DD. Title remains with the county until the loan is repaid
Explanation
Georgia's Security Deed transfers legal title to the lender as security for the debt. The borrower retains equitable title (right to possess and use the property). Upon full repayment, the lender reconveys legal title via a Deed of Conveyance.
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