Foreclosures & Workouts

Details

HunterMaclean represents banks, other financial institutions, and business clients in many problem loan workouts and foreclosures, including related litigation.

Experience

• MidCap Funding Investment I, LLC, foreclosure of multimillion-dollar medical office building owned by Governors Pavilion, LLC at 4450 Calibre Crossing, Cobb County, Georgia.
• Commercial foreclosures involving multimillion-dollar assisted living facility and memory care facility.
• Hotel foreclosure for Chehar Maa Pushp, Inc., that also involved a mobile home and life insurance collateral that were not properly assigned to client by the former lender that we resolved through proper assignment prior to foreclosure.
• Hotel foreclosure in downtown Savannah, Georgia.
• Commercial foreclosure of strip mall in Effingham County, Georgia, for Great Southern Bank.
• Bank of Hazlehurst foreclosure on Altamaha Properties’ mobile home park with tenants and assignment of rent demands.
• Bank of Hazlehurst foreclosure on Michael G. Collins’ land and farming operation, including equipment, creating turnkey resale.
• Liquor store foreclosure for Unity Bank with loan secured by commercial and residential property that converted into a workout.
• Workout instead of foreclosure on land and farming operation, including equipment, through sale to a third party.
• Workout instead of foreclosure on multi-parcel collateral with developer borrowers and South State Bank that resulted in higher recovery for lender.
• Foreclosure of individually owned residence post-bankruptcy for South State Bank.
• Foreclosure of individually owned residence with federal tax liens for South State Bank, as short sale could not be accomplished due to liens.
• Personal property foreclosures of heavy equipment, such as excavators and haulers, for Ascendum Machinery, Inc., or workout through marshaling or turnover prior to foreclosure.
• Personal property foreclosure of liens on tractors for Port City Logistics against Bently/Southeast Transport.
• Writs of possession to obtain collateral for a loan, such as vehicles, for Service Credit Union that involve an issue like impound at the Vehicle Processing Center of a service member’s vehicle transported from overseas and obtaining a court order so that the facility would release the vehicle to the titleholder.
• Writ of possession for copyrighted material—a library of videos, movies, and television shows owned by W. P. Production, Inc., going back to 1987.
• Foreclosure of an interest in an AUP Unit for Gulfstream.
• Foreclosures of restaurant equipment and movie theater contents.
• Successful defense of client against creditors of her deceased husband’s company regarding collateral (trucks, trailers, scales, and other equipment) pledged by his company.
• Successful defense of the former owner of a motel in Tennessee in a suit by a lender seeking a $4 million deficiency judgment pursuant to a ten-year-old guaranty.

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