Richard C. Wayne & Associates, P.C.

Our firm has been very successful in assisting clients facing foreclosure or who have already been foreclosed upon, as well as those who have received notices of dispossessory.  Legal foreclosures require that the lenders and/or their foreclosure attorneys take proper legal steps in the process of foreclosure.  If these steps have not been properly taken by the mortgage lender or foreclosure attorneys, then we have a possible basis to stop a foreclosure or file claims for wrongful foreclosure against the lender and/or foreclosing attorneys. 

We are not bankruptcy attorneys and our intent is to assist in saving our clients’ home through whichever avenue works best for our clients.  This involves investigation and research of the legal steps taken by the lender and/or their attorneys and, with respect to commercial property possibly negotiating a short-sale of the property with the lenders, and/or negotiating a modification of the current mortgage so that the owner does not lose their property due to default.

We strongly suggest that you take action by contacting our attorneys, or another attorney, to avoid foreclosure before it happens.

As an owner or tenant of commercial property, your entire business and income may be a stake.  Along with residential, we have been very successful in stopping foreclosures on commercial properties. Your business or company provides economic support to you, your families, your employees and your employees’ families. Please seek legal representation before your and your employees' livlihood is taken away.  

Short-Sale Negotiations on Commercial Properties

A short-sale of your property is one of many options for those facing foreclosure. The goal is to relieve the property owner of significant debt and attempt to relieve the property owner of any deficiency claim (see description below) by their mortgage company(s).  Furthermore, if you have a second mortgage on your property the second lender can file suit to collect the balance of your second mortgage.

 

We strongly recommend you seek legal representation during this process as the legal issues are significant.  Our firm can negotiate short sales on commercial properties.

In Georgia, a lender has certain rights to pursue a property owner for the difference between the balance of their mortgage and the amount collected at the foreclosure sale. This is known as a deficiency claim. A short-sale may also be followed by similar action against the property owner if the property is sold for less than the balance of the mortgage.

Our firm is prepared to represent you in any deficiency action and we encourage you to immediately seek legal representation on any such matters. Legal counsel can assist you in avoiding costly financial repercussions.

NOTE:  Although litigation is an expensive proposition, we are litigators.  We are also one of a few legal firms who will take on the lenders, on your behalf, through litigation of your claims.  Your legal damages may far exceed what you believe. Whether you speak with us or another litigation firm familiar with this area, PLEASE SEEK LEGAL HELP AND ASSISTANCE IMMEDIATELY.