Woodward Cothran & Herndon
Law firm handles complex litigation cases and legislative affairs
Woodward Cothran & Herndon
Law firm handles complex litigation cases and legislative affairs
With more than 30 years of legal experience, the attorneys at Woodward Cothran & Herndon focus on helping businesses succeed. We are a small firm accomplishing a number of large tasks. Our members, in various combinations, have tried Federal class actions, litigated product liability issues nationally, foreclosed mortgages on nuclear plants, lobbied the South Carolina Legislature about insurance issues, resolved numerous utility and telecommunications matters, dealt with sexual harassment cases, and handled construction claims, school cases, civil rights actions and other tort cases in state and federal courts.
Our clients include AIG Companies, AllState, InsuranceFirst, First Citizens Bank, Wachovia Bank of South Carolina, The Mortgage Centre and Yacht Cove Owners' Association.
Our attorneys at Woodward Cothran and Herndon are particularly well-qualified to deal with unique situations that require the attention of lawyers with more than 20 years of experience. We have experience in the following areas of the law:
-General civil litigation
-Complex litigation
-Real estate
-Banking
-Bankruptcy
-Commercial
-Construction
-Contract
-Corporate
-Foreclosure
-Insurance
-Legislative affairs
-Probate
-Public utility
-Title insurance
-Tort
-Class action
Results-oriented Columbia attorneys protect lenders from foreclosure issues:
We protect lenders and help them recover their property in the case of a foreclosure. Many people have lost their homes and this can have a large negative effect on lenders and their ability to move forward. Our attorneys work with lenders to renegotiate mortgages with homeowners for more manageable monthly payments.
Complex litigation cases made easy:
Our attorneys have the experience to handle complicated cases involving multiple witnesses, expert testimony, various areas of the law and mountains of data. We can take your case from the strategic planning phase all the way through to its conclusion in court.
Main Office
218 East Main Street
Lexington, SC 29072
803-799-9772
803-799-3256
Enforcing Creditor Rights Through Foreclosure
Woodward Cothran & Herndon is dedicated to assisting lenders who are harmed by loan default and who need to foreclose on properties in order to recoup their losses. In the current economic climate, public sympathy mostly sides with homeowners who are unable or unwilling to pay their mortgages. Many remedies have been proposed or enacted to keep delinquent borrowers in their homes. Restrictions placed on foreclosure have enabled delinquent borrowers who no longer have the means to maintain their properties to essentially squat as their homes fall into disrepair, further damaging lenders and negatively impacting the value of surrounding properties. Moreover, foreclosure restrictions prevent lenders from liquidating distressed assets to free up working capital so they can provide loans for prospective home buyers.
At Woodward Cothran & Herndon, we have 33 years of experience with the South Carolina foreclosure process, and can facilitate your efforts to reclaim your property.
Foreclosure actions to leverage default remedies:
Foreclosure is an extreme step, and given the number of foreclosed properties on the market, not one a lender should take lightly. However, it may be necessary in order to compel a recalcitrant borrower to face the reality of his situation. We understand the power of a foreclosure filing to force a delinquent borrower to the negotiating table to develop a solution such as:
-Loan modification
-Short sale
-Deed in lieu of foreclosure
Mortgage modification:
If a home has dropped in value to below the outstanding loan amount or the owners no longer can afford the monthly payments under the current mortgage, they may be eligible for a loan modification. We represent the lender in negotiations to have the terms of the original loan permanently changed to reduce payments to an affordable amount.
Short sale:
A borrower who finds himself paying for a house whose value has fallen may opt for a short sale, which allows him to sell the home for less than the amount he owes on the loan. The bank avoids the time and expense of foreclosure and can earn as much through short sale as it would through a sheriff's auction.
Deed in lieu of foreclosure:
A deed in lieu of foreclosure allows a homeowner to relinquish interest in a home for the amount of the loan by exchanging the deed for the loan cancellation. In areas where the housing market may be picking up, this remedy could be a viable option.
Member
Practice areas:
-Civil Practice
-Complex Litigation
-Class Actions
Admitted:
-1978, South Carolina and U.S. District Court, District of South Carolina
-1982, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
University of South Carolina, J.D.
Military
1st Lieut., USAF, 1971 - 1975
Associations and memberships:
-Richland County and American (Member, General Practice Section) Bar Associations
-South Carolina Bar
Biographical details:
-Pi Sigma Alpha
-Phi Delta Phi; Wig and Robe
-Winner, Moot Court Trial Competition
-Law Clerk to South Carolina Attorney General, 1976 - 1977
-Author, Waiver & Estoppel, S.C. Jurisprudence
-Professor, Business Law, Midland Technical College, 1978 - 1979
-Director, Richland County Law Day Public Service Project
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina
Juris Doctorate,
Member
Practice areas:
-Civil Practice
-Complex Litigation
-Class Actions
Admitted:
-1978, South Carolina and U.S. District Court, District of South Carolina
-1982, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
University of South Carolina, J.D.
Military
1st Lieut., USAF, 1971 - 1975
Associations and memberships:
-Richland County and American (Member, General Practice Section) Bar Associations
-South Carolina Bar
Biographical details:
-Pi Sigma Alpha
-Phi Delta Phi; Wig and Robe
-Winner, Moot Court Trial Competition
-Law Clerk to South Carolina Attorney General, 1976 - 1977
-Author, Waiver & Estoppel, S.C. Jurisprudence
-Professor, Business Law, Midland Technical College, 1978 - 1979
-Director, Richland County Law Day Public Service Project
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina Juris Doctorate,
Member
Darra Williamson Cothran has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking
-Business Law
-Utility Law
-Legislative Practice
-Civil Litigation
Admitted:
-1973, South Carolina
-1974, U.S. District Court, District of South Carolina, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
-University of South Carolina, J.D., 1973
-Clemson University, B.S., cum laude, 1969
Associations and memberships:
-Richland County and American (Member, Litigation Section) Bar Associations
-South Carolina Bar (Member, Corporation, Banking and Securities Section)
Biographical details:
-Law Clerk to South Carolina Attorney General, 1972 - 1973
-Certified Circuit Court Civil Mediator
-Member, Richland County Planning Commission, 1989 - 1997
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina
Juris Doctorate, 1973
Member
Darra Williamson Cothran has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking
-Business Law
-Utility Law
-Legislative Practice
-Civil Litigation
Admitted:
-1973, South Carolina
-1974, U.S. District Court, District of South Carolina, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
-University of South Carolina, J.D., 1973
-Clemson University, B.S., cum laude, 1969
Associations and memberships:
-Richland County and American (Member, Litigation Section) Bar Associations
-South Carolina Bar (Member, Corporation, Banking and Securities Section)
Biographical details:
-Law Clerk to South Carolina Attorney General, 1972 - 1973
-Certified Circuit Court Civil Mediator
-Member, Richland County Planning Commission, 1989 - 1997
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina Juris Doctorate, 1973
Member
Warren R. Herndon, Jr. has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking Law
-Corporate Law
-Real Estate
-Foreclosures
-Business Law
Admitted:
1978, South Carolina and U.S. District Court, District of South Carolina
Education:
-University of South Carolina, J.D., 1978
-Clemson University, B.A., 1974
Associations and memberships:
-Richland County Bar Association
-South Carolina Bar (Member, General Practice Section)
University of South Carolina
Juris Doctorate, 1978
Member
Warren R. Herndon, Jr. has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking Law
-Corporate Law
-Real Estate
-Foreclosures
-Business Law
Admitted:
1978, South Carolina and U.S. District Court, District of South Carolina
Education:
-University of South Carolina, J.D., 1978
-Clemson University, B.A., 1974
Associations and memberships:
-Richland County Bar Association
-South Carolina Bar (Member, General Practice Section)
University of South Carolina Juris Doctorate, 1978
With more than 30 years of legal experience, the attorneys at Woodward Cothran & Herndon focus on helping businesses succeed. We are a small firm accomplishing a number of large tasks. Our members, in various combinations, have tried Federal class actions, litigated product liability issues nationally, foreclosed mortgages on nuclear plants, lobbied the South Carolina Legislature about insurance issues, resolved numerous utility and telecommunications matters, dealt with sexual harassment cases, and handled construction claims, school cases, civil rights actions and other tort cases in state and federal courts.
Our clients include AIG Companies, AllState, InsuranceFirst, First Citizens Bank, Wachovia Bank of South Carolina, The Mortgage Centre and Yacht Cove Owners' Association.
Our attorneys at Woodward Cothran and Herndon are particularly well-qualified to deal with unique situations that require the attention of lawyers with more than 20 years of experience. We have experience in the following areas of the law:
-General civil litigation
-Complex litigation
-Real estate
-Banking
-Bankruptcy
-Commercial
-Construction
-Contract
-Corporate
-Foreclosure
-Insurance
-Legislative affairs
-Probate
-Public utility
-Title insurance
-Tort
-Class action
Results-oriented Columbia attorneys protect lenders from foreclosure issues:
We protect lenders and help them recover their property in the case of a foreclosure. Many people have lost their homes and this can have a large negative effect on lenders and their ability to move forward. Our attorneys work with lenders to renegotiate mortgages with homeowners for more manageable monthly payments.
Complex litigation cases made easy:
Our attorneys have the experience to handle complicated cases involving multiple witnesses, expert testimony, various areas of the law and mountains of data. We can take your case from the strategic planning phase all the way through to its conclusion in court.
Main Office
218 East Main Street
Lexington, SC 29072
803-799-9772
803-799-3256
Enforcing Creditor Rights Through Foreclosure
Woodward Cothran & Herndon is dedicated to assisting lenders who are harmed by loan default and who need to foreclose on properties in order to recoup their losses. In the current economic climate, public sympathy mostly sides with homeowners who are unable or unwilling to pay their mortgages. Many remedies have been proposed or enacted to keep delinquent borrowers in their homes. Restrictions placed on foreclosure have enabled delinquent borrowers who no longer have the means to maintain their properties to essentially squat as their homes fall into disrepair, further damaging lenders and negatively impacting the value of surrounding properties. Moreover, foreclosure restrictions prevent lenders from liquidating distressed assets to free up working capital so they can provide loans for prospective home buyers.
At Woodward Cothran & Herndon, we have 33 years of experience with the South Carolina foreclosure process, and can facilitate your efforts to reclaim your property.
Foreclosure actions to leverage default remedies:
Foreclosure is an extreme step, and given the number of foreclosed properties on the market, not one a lender should take lightly. However, it may be necessary in order to compel a recalcitrant borrower to face the reality of his situation. We understand the power of a foreclosure filing to force a delinquent borrower to the negotiating table to develop a solution such as:
-Loan modification
-Short sale
-Deed in lieu of foreclosure
Mortgage modification:
If a home has dropped in value to below the outstanding loan amount or the owners no longer can afford the monthly payments under the current mortgage, they may be eligible for a loan modification. We represent the lender in negotiations to have the terms of the original loan permanently changed to reduce payments to an affordable amount.
Short sale:
A borrower who finds himself paying for a house whose value has fallen may opt for a short sale, which allows him to sell the home for less than the amount he owes on the loan. The bank avoids the time and expense of foreclosure and can earn as much through short sale as it would through a sheriff's auction.
Deed in lieu of foreclosure:
A deed in lieu of foreclosure allows a homeowner to relinquish interest in a home for the amount of the loan by exchanging the deed for the loan cancellation. In areas where the housing market may be picking up, this remedy could be a viable option.
Member
Practice areas:
-Civil Practice
-Complex Litigation
-Class Actions
Admitted:
-1978, South Carolina and U.S. District Court, District of South Carolina
-1982, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
University of South Carolina, J.D.
Military
1st Lieut., USAF, 1971 - 1975
Associations and memberships:
-Richland County and American (Member, General Practice Section) Bar Associations
-South Carolina Bar
Biographical details:
-Pi Sigma Alpha
-Phi Delta Phi; Wig and Robe
-Winner, Moot Court Trial Competition
-Law Clerk to South Carolina Attorney General, 1976 - 1977
-Author, Waiver & Estoppel, S.C. Jurisprudence
-Professor, Business Law, Midland Technical College, 1978 - 1979
-Director, Richland County Law Day Public Service Project
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina
Juris Doctorate,
Member
Practice areas:
-Civil Practice
-Complex Litigation
-Class Actions
Admitted:
-1978, South Carolina and U.S. District Court, District of South Carolina
-1982, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
University of South Carolina, J.D.
Military
1st Lieut., USAF, 1971 - 1975
Associations and memberships:
-Richland County and American (Member, General Practice Section) Bar Associations
-South Carolina Bar
Biographical details:
-Pi Sigma Alpha
-Phi Delta Phi; Wig and Robe
-Winner, Moot Court Trial Competition
-Law Clerk to South Carolina Attorney General, 1976 - 1977
-Author, Waiver & Estoppel, S.C. Jurisprudence
-Professor, Business Law, Midland Technical College, 1978 - 1979
-Director, Richland County Law Day Public Service Project
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina Juris Doctorate,
Member
Darra Williamson Cothran has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking
-Business Law
-Utility Law
-Legislative Practice
-Civil Litigation
Admitted:
-1973, South Carolina
-1974, U.S. District Court, District of South Carolina, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
-University of South Carolina, J.D., 1973
-Clemson University, B.S., cum laude, 1969
Associations and memberships:
-Richland County and American (Member, Litigation Section) Bar Associations
-South Carolina Bar (Member, Corporation, Banking and Securities Section)
Biographical details:
-Law Clerk to South Carolina Attorney General, 1972 - 1973
-Certified Circuit Court Civil Mediator
-Member, Richland County Planning Commission, 1989 - 1997
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina
Juris Doctorate, 1973
Member
Darra Williamson Cothran has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking
-Business Law
-Utility Law
-Legislative Practice
-Civil Litigation
Admitted:
-1973, South Carolina
-1974, U.S. District Court, District of South Carolina, U.S. Court of Appeals, 4th Circuit and U.S. Supreme Court
Education:
-University of South Carolina, J.D., 1973
-Clemson University, B.S., cum laude, 1969
Associations and memberships:
-Richland County and American (Member, Litigation Section) Bar Associations
-South Carolina Bar (Member, Corporation, Banking and Securities Section)
Biographical details:
-Law Clerk to South Carolina Attorney General, 1972 - 1973
-Certified Circuit Court Civil Mediator
-Member, Richland County Planning Commission, 1989 - 1997
-Hearing Officer, Alcoholic Beverage Control Commission, 1993 - 1994
University of South Carolina Juris Doctorate, 1973
Member
Warren R. Herndon, Jr. has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking Law
-Corporate Law
-Real Estate
-Foreclosures
-Business Law
Admitted:
1978, South Carolina and U.S. District Court, District of South Carolina
Education:
-University of South Carolina, J.D., 1978
-Clemson University, B.A., 1974
Associations and memberships:
-Richland County Bar Association
-South Carolina Bar (Member, General Practice Section)
University of South Carolina
Juris Doctorate, 1978
Member
Warren R. Herndon, Jr. has earned an AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest recognition possible in the legal industry, for his professionalism and ethics.
Practice areas:
-Banking Law
-Corporate Law
-Real Estate
-Foreclosures
-Business Law
Admitted:
1978, South Carolina and U.S. District Court, District of South Carolina
Education:
-University of South Carolina, J.D., 1978
-Clemson University, B.A., 1974
Associations and memberships:
-Richland County Bar Association
-South Carolina Bar (Member, General Practice Section)
University of South Carolina Juris Doctorate, 1978
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