Foreclosure by transferee

An endorsement to order or in blank by the payee of a mortgage note gives the endorsee or the holder for value the right to foreclose the mortgage in his own name. A mortgage transferred without written assignment may be foreclosed in the name of the mortgagee bringing the action for the use of such assignee; and proceedings begun in the name of the transferee may be amended by making the mortgagee a party before or after the judgment. History. Civil Code 1895, § 2745; Civil Code 1910, § 3278; Code 1933, § 67-203. History of Section. This Code section was codified from the decisions of Nicholson v. Whaley, 90 Ga. 257, 16 S.E. 84 (1892); Burgwyn & Bros. Tobacco Co. v. Bentley & Co., 90 Ga. 508, 16 S.E. 216 (1892), and Setze v. First Nat’l Bank, 140 Ga. 603, 79 S.E. 540 (1913). It appeared for the first time in the Code of 1895. 596 44-14-182 MORTGAGES, SECURITY, LIENS 44-14-183