HERITAGE CREEK DEV. CORP. v. COLONIAL BANK

No. A04A0067.

601 S.E.2d 842 (2004)

268 Ga. App. 369

HERITAGE CREEK DEVELOPMENT CORPORATION v. COLONIAL BANK, et al.

Court of Appeals of Georgia.

July 7, 2004.


Attorney(s) appearing for the Case

Karl M. Washington, East Point, for Appellant.

McCalla, Raymer, Padrick, Cobb Nichols & Clark, Carol V. Clark, Roswell; Weissman, Nowack, Curry & Wilco, Frank O. Brown, Jr., Atlanta; Swift Currie McGhee & Hiers, Christopher D. Balch, Atlanta, for appellees.


JOHNSON, Presiding Judge.

Heritage Creek Development Corporation obtained a loan from Colonial Bank to fund the construction of a 24-lot residential subdivision. The loan was secured by a security deed covering the subject real property. Heritage Creek defaulted on the loan. In January 2000, Colonial Bank notified Heritage Creek that it was accelerating and declaring due and payable the entire balance of the loan, as permitted by the loan instruments. In the letter...

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