Hodgson Russ Partner James Thoman Weighs in on Walden Galleria Foreclosure
Quoted
Buffalo Business First
Hodgson Russ Partner James Thoman weighed in on the news of the impending foreclosure of Pyramid Management Group’s Walden Galleria. He told Buffalo Business First, “The process is really the process by which the lender can sell its collateral in a court-supervised process,” he said. “That’s not to say that every foreclosure action ends up in an auction sale.”
There are several ways mortgage foreclosures end. The timeline can vary from a “fast-tracked sale to a much longer litigation case.” This means that the public likely won’t see any real changes at the Walden Galleria anytime soon.