Comstock, BB&T: “friendly” $32.7 million foreclosure agreement
Business, Foreclosures, Real Estate | (0)
Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) recently announced that it and certain of its subsidiary companies have entered into a foreclosure agreement with BB&T over $32.7 million of the company's $144.0 million of secured debt.
Under the terms of the agreement, Comstock will cooperate in the foreclosure process, and BB&T will release the company from any post-foreclosure deficiency liability.
Atlanta-area properties included in the foreclosure agreement include lots at Maristone, Wyngate, and Glen Ivy.
Sign Of The Times - Foreclosure, originally uploaded by respres.
