FINANCIAL LENDING INSTITUTIONS
AT ISSUE: CLOSINGS, ACQUISITIONS, WORKOUTS & FORECLOSURES, EMINENT DOMAIN/CONDEMNATION
Speed and efficiency. Financial lending institutions strive to complete real estate transactions effectively and quickly. We can help. Pursley Friese Torgrimson represents financial lenders and applies a 160-point reference to successfully and completely close transactions quickly and correctly. Our team has handled foreclosures totaling more than $10 million on behalf of lenders every six months. We represent lending institutions of all sizes including SunTrust Bank and the FDIC, as well as smaller lenders across 16 states that require local representation in Atlanta or the Southern region. We also work with lenders in condemnation proceedings to secure compensation to satisfy or reduce existing loans and mortgages on the subject property.
- Prevailed at contested foreclosure sale confirmation action in Henry County Superior Court, which involved proving fair market value of foreclosed property using the discounted cash flow method of valuation; Obtained subsequent deficiency judgment against guarantors of the loan.
- Foreclosed and evicted high-profile church operator (tenant) in default from a 14-acre, multi-building campus in Lithonia, Georgia, prevailing against tenant’s efforts to avoid eviction through filing multiple bankruptcies and appeals.
- Obtained a $2.3 million judgment in U.S. District Court, Northern District of Georgia, against maker of a promissory note to a failed lending institution.
- Deficiency judgments
- Note and guarantee negotiation/litigation