Workout and Foreclosure
- Services
- Real Estate
- Workout and Foreclosure
Overview
We have extensive experience working with troubled loans through the workout and foreclosure process with lenders having retained us to resolve troubled loans. Our transactional and litigation team members come together to provide strategy and guidance to determine whether foreclosure, litigation or workout—or a combination of these approaches—is the right strategy. We negotiate forbearance agreements, loan modification documents and collateral substitution documents, and manage all of the steps in foreclosure sales and proceedings.
Experience
Experience
Foreclosure of Kingwood golf and country club in North Georgia on behalf of a mid–size regional bank.
Sale of Kingwood golf and country club in North Georgia to a third-party purchaser.
Foreclosures, loan workouts and REO sales of numerous commercial and residential properties.
Experience includes representation as closing counsel in more than 100 sales of REO commercial and residential property, and representation as closing counsel in numerous closings of commercial property.
Represented national lending institutions and a foreign car manufacturer in the foreclosures of a hotel properties, shopping centers, apartment complexes, raw land and a car dealership located in throughout the State of Georgia during the last down-turn of the economy.
$46.2 million workout of seven loans with cross-collateralization.
Foreclosure of a $35 million and $25 million retail-condominium project.
$8.15 million loan with five junior mortgages on Smoke Rise Golf & Country Club in Georgia.
More than 75 loan modifications for the FDIC as receiver for Silverton Bank.
$27 million workout of an apartment loan.
$16 million workout of an office loan.