Bell Carrington & Price’s foreclosure and receivership team represents lenders and loan servicers in the process of enforcing the rights and remedies in regard to defaulted loans secured by residential and commercial real estate. The firm’s client list includes some of the largest banks and mortgage servicers in the country. Our attorneys have extensive experience in working with troubled loans and in guiding banks and lending institutions through the workout and foreclosure process. In the event of a default or other issue with a troubled loan, we bring together our transactional and litigation team members to provide strategy and guidance to help banks and lending institutions determine whether foreclosure, litigation or workout – or a combination of these approaches – is the right strategy.
Bell Carrington has received no objection designation in North Carolina and South Carolina.
Bell Carrington & Price’s attorneys represent creditors and corporate debtors in bankruptcy proceedings and receivership actions. Our attorneys utilize all tools and remedies available to guide a client through the process.
As a part of our default service team, the eviction department handles evictions following foreclosures in North Carolina, South Carolina and Georgia. The team also deals with non-foreclosure related evictions including complex commercial evictions.
Our attorneys have extensive experience in working with troubled loans and in guiding banks and servicers through the workout and foreclosure process. We can craft and negotiate forbearance agreements, loan modification documents and collateral substitution documents. The firm tailors its loss mitigation programs to the client’s needs and has a scalable process to accommodate changes in volume.
REO (Real Estate Owned)
A cornerstone of Bell Carrington & Price’s practice is real estate transactions, making the representation of buyers and seller in REO transaction an organic extension of our Real Estate practice. We fully understand the need to move quickly to allow banks and non-bank servicers to move these assets off their balance sheet. The team has extensive experience and can handle transactions in North Carolina, South Carolina and Georgia.