Mobile Home Workouts and Foreclosures
Represented a national lender in connection with the workout of a multi-loan portfolio secured by 19 mobile home parks in Michigan, Ohio, Indiana, North Carolina, Tennessee, and Georgia. Heather managed and handled the foreclosure proceedings, loan workout agreements and subsequent guarantor lawsuits in connection with this loan portfolio.
Represented a CMBS special servicer in all aspects of the foreclosure and receivership litigation concerning a $12.5 million loan secured by 6 mobile home parks in Michigan. Heather also handled all aspects of the subsequent guarantor lawsuit and the lawsuit to enforce the assignment of rents against the assignee of the sheriff’s deed for one of the mobile home park properties.
Represented a CMBS special servicer in all aspects of the foreclosure and receivership litigation concerning an $85 million loan secured by 10 mobile home parks in Michigan and Indiana.