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SCHORR v. COUNTRYWIDE HOME LOANS, INC.

No. S10Q0193.

697 S.E.2d 827 (2010)

SCHORR et al. v. COUNTRYWIDE HOME LOANS, INC.

Supreme Court of Georgia.

July 12, 2010.

Attorney(s) appearing for the Case

Bondurant, Mixson & Elmore, Michael B. Terry, Frank M. Lowrey IV, Jason J. Carter, Atlanta, Charles A. Gower, Ben B. Philips, Columbus, for appellants.

Hunton & Williams, Bryan A. Powell, Lawrence J. Bracken II, Jason M. Beach, Atlanta, for appellee.

King & Spalding, Dwight J. Davis, Barry Goheen, Jennifer D. Fease, Atlanta, for amici curiae.

CARLEY, Presiding Justice.

When Bradley and Lori Schorr (named plaintiffs) financed the purchase of their home in Georgia, they executed a security deed which was subsequently assigned to Countrywide Home Loans, Inc. Upon full repayment of the underlying loan in 2003, the named plaintiffs demanded in writing that Countrywide cancel the security deed pursuant to OCGA § 44-14-3. The version of that statute which was in effect at the time, prior to its amendment...

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