Lenders with security properties located in nonjudicial states rely on several documents to allow them to foreclose on a property should a borrower fall into default. While the terms “mortgage” and “deed of trust” are often used interchangeably, the deed … Read More
Earlier this month, the Federal Reserve announced its biggest interest rate hike since 2008. This hike was made in an effort to combat inflation, even at the risk of a recession. Federal interest rate hikes often lead to more foreclosures … Read More
For commercial and residential properties, a deed of trust agreement involves three parties – a lender, borrower, and third party trustee that holds the deed of trust until it is transferred to the borrower. The third party may be an … Read More
A secured transaction is a transaction that is secured by real or intangible assets. When a borrower defaults on a loan with a secured real asset attached, a lender may be able to conduct a public or private sale of … Read More
Lenders who have completed the arduous process of foreclosing on a commercial real estate property may wonder what the asset recovery process looks like after the foreclosure sale has been completed. After auction, there are a number of processes for … Read More
What borrowers think of as foreclosure is often the point of being issued the Notice of Sale. However, the foreclosure process for lenders starts at the point of default. The time between the borrower going into default and the foreclosure … Read More
Lenders know that the foreclosure process is an arduous process that lenders, especially small lenders, want to avoid if at all possible. Yet, when alternative resolution methods have been exhausted, lenders will enter the foreclosure process in order to protect … Read More
In a loan with real estate as collateral, the trustee is the neutral third party that holds a title until it is ready to either be transferred to the borrower, transferred to another trustee, or handed over in the event … Read More
Next month, the Total Lenders Solutions team will be attending the 47th Annual United Trustee Association (UTA) Education Conference & Trade Show in Las Vegas. This conference will connect us with mortgage industry leaders from across the country. Total Lender … Read More
In August, the Total Lender Solutions team will be attending the Geraci Captivate 2022 Conference in Las Vegas. This conference will connect us with lenders, brokers, investors and service providers from across the country. The event was hosted by Geraci … Read More
Total Lender Solutions and Mortgage Lender Services have come together to form a single assessment collection partner. Under the name Total Lender Solutions, we will continue business with the same people you have come to know and trust over the years, and we remain dedicated to serving all of our clients with integrity and care.