How will SB 1079 affect lenders and servicers?
What is SB 1079? As we wrap up 2020 and look forward to 2021, there is another law of which you need to be made aware. This law, known as SB 1079, goes into effect on January 1, 2021 and … Read More
HOW TO COMPLY WITH THE CALIFORNIA HOMEOWNER BILL OF RIGHTS BEFORE FORECLOSURE
The Homeowner Bill of Rights (“HBOR”) was enacted to attempt to open a dialogue between the borrower and lender and to ensure that the borrower is made aware that there is not only help available, but alternatives to foreclosure. Similar … Read More
LENDERS: HAVE YOU CONSIDERED A DEED IN LIEU OF FORECLOSURE?
Originally posted on AAPLonline.com. When used properly, a DIL can be a great option for lenders seeking to avert foreclosure. Given the current economic uncertainty, unprecedented unemployment and number of loans in default, lenders should properly review, evaluate and take appropriate … Read More
4 COMMON DELAYS IN THE FORECLOSURE PROCESS
One of the most frequently asked questions we receive from our clients is “How long does a foreclosure take?” or “How long does the process last?”. The foreclosure timeline differs state to state as we must follow the statutory guidelines. … Read More
4 CRUCIAL ITEMS TO CONSIDER BEFORE COMMENCING FORECLOSURE
In order to comply with state and federal regulations and avoid legal action, lenders need to be aware of these items before starting a nonjudicial foreclosure. The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) Dodd-Frank only applies to … Read More
