Selene Finance Files to Foreclose on Atlanta Property
The lender is seeking court permission to foreclose on a 3-bedroom, 2-bathroom home over $164,000 in alleged mortgage debt.
Updated on Oct. 22, 2026 in Residential
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Selene Finance LP has filed a motion in bankruptcy court seeking permission to foreclose on a 3-bedroom, 2-bathroom Atlanta-area home owned by restaurateur Pinky Cole. The filing alleges that mortgage payments on the property have been missed since December 2025.
Why it matters
The lender claims more than $164,000 in unpaid debt on the residence, prompting this formal request for court-authorized action. The outcome will determine the future of the specific property as the matter proceeds through the bankruptcy system.
Selene Finance LP is seeking to foreclose on a 3-bedroom, 2-bathroom home in the Atlanta area due to over $164,000 in alleged mortgage debt. Records indicate that payments on this property have not been made since December 2025.
The players
Selene Finance LP
A mortgage servicing company that manages loan portfolios and initiates foreclosure proceedings on delinquent residential properties.
Pinky Cole
A Georgia-based entrepreneur and owner of the burger chain Slutty Vegan who holds titles to multiple homes in the state.
The details
The finance company initiated this process by filing a motion in bankruptcy court requesting authorization to pursue foreclosure remedies. As the property is currently involved in bankruptcy proceedings, the court must grant permission before the lender can proceed with typical property recovery processes. The motion is currently awaiting a reset for a future hearing date.
Timeline
December 2025: Mortgage payments on the property ceased.
October 22, 2026: Selene Finance LP filed legal documents in bankruptcy court.
The Home Front
This development highlights the complexities of real estate ownership during bankruptcy, where the automatic stay protects assets from immediate collection actions. Lenders must seek specific court approval to pursue foreclosure, ensuring all claims are addressed within the bankruptcy framework.
Property owners should ensure they keep clear, up-to-date records of all mortgage payments and communications with their loan servicer. If you are struggling with payments, consult with a licensed real estate attorney to understand your rights regarding bankruptcy and foreclosure protection.
The takeaway
Bankruptcy court filings are public legal notices that provide transparency into how financial disputes over residential property are resolved. If you are facing financial difficulty, contact your mortgage servicer immediately to explore available loan modification options before legal action begins.
Further reading
For more on local real estate legal processes, visit Residential.
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