Title 44, Chapter 14, Section 160
( 44-14-160)
When the holder of a deed to secure debt or a mortgage forecloses
the same and sells the real property thereby secured under the laws
of this state governing foreclosures and sales under power and the
purchaser thereof presents to the clerk of the superior court his
deed under power to have the same recorded, the clerk shall write in
the margin of the page where the deed to secure debt or mortgage
foreclosed upon is recorded the word "foreclosed" and the deed book
and page number on which is recorded the deed under power conveying
the real property; provided, however, that, in counties where the
clerk keeps the records affecting real estate on microfilm, the
notation provided for in this Code section shall be made in the same
manner in the index or other place where the clerk records transfers
and cancellations of deeds to secure debt. |