The Gibson Law Firm Prevents BB&T Bank From Obtaining 1.2M Deficiency Judgment Against Residential Developer

The Gibson Law Firm Prevents BB&T Bank From Obtaining 1.2M Deficiency Judgment Against Residential Developer

A developer of a residential subdivision was being sued in a confirmation of foreclosure sale by BB&T.
After the Gibson Law Firm real estate legal team reviewed of the legal descriptions we determined that
the mortgage was not secured by the property in question and that there was a question as to what land
was intended to be secured by the mortgage deed. After several months of negotiations, The Gibson
Law Firm real estate transactional and litigation team was able to to not only avoid a 1.2M deficiency
judgment but also were able to obtain a monetary settlement for our clients.

 

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