One Simple Goal:
Recovering Your Money Faster on Defaulted Commercial Loans
This isn’t a place you wanted to be,
but you've reached the point of foreclosure.
You need a foreclosure processing partner with experience, knowledge, and a clear set of steps to guide you through the process. Total Lender Solutions works hard to maximize your recoveries through our industry expert tactics.
For over 15 years, we’ve advocated for lenders seeking comprehensive solutions for defaulted loans. When a borrower defaults, lenders want to recover as much of their funding as possible.
Asset recovery is not an easy process to navigate alone. As a lender, you must ensure that the required steps are taken when moving forward with foreclosure. Take a look at the pre-foreclosure checklist we have carefully created to help you check all the boxes when going through this process!
PRE-FORECLOSURE CHECKLIST
Before a lender decides to move forward with foreclosure, exercising all other prevention options and opportunities should be attempted with the borrower.
These include:
Sale or short sale of the property
Forbearance agreement
Loan modification
Refinance of the property
A deed in lieu of foreclosure
Rules regarding pre-foreclosure processes on consumer loans differ from state to state.
We have highlighted the checklists for Arizona, California, Missouri, Nevada, Oregon, Texas, and Washington — all states in which we proudly operate!
Nevada
✔ Compliance with loan documents
✔ Consumer loan on owner-occupied property?
✔ Borrower needs to be delinquent at least 120 days.
✔ Compliance with Nevada Homeowners’ Bill of Rights
Arizona
✔ Compliance with loan documents
✔ Consumer loan on owner-occupied property?
✔ Borrower needs to be delinquent at least 120 days.
Texas
✔ Compliance with loan documents
✔ Consumer loan on owner-occupied property?
✔ Borrower needs to be delinquent at least 120 days.
California
✔ Compliance with loan documents
✔ Consumer loan on owner-occupied property?
✔ Borrower needs to be delinquent at least 120 days.
✔ Compliance with California Homeowners’ Bill of Rights
Missouri
✔ Compliance with loan documents
✔ Consumer loan on owner-occupied property?
✔ Borrower needs to be delinquent at least 120 days.
Oregon
✔ Compliance with loan documents
✔ Consumer loan on owner-occupied property?
✔ Borrower needs to be delinquent at least 120 days.
Washington
✔ Compliance with loan documents
✔ Consumer loan on owner-occupied property?
✔ Borrower needs to be delinquent at least 120 days.
NEED HELP RECOVERING YOUR ASSETS?
“I have had the opportunity to work with [TLS] regarding a recent foreclosure. [Their] knowledge, expertise, and abilities regarding all areas of mortgage lending are most impressive. I would not hesitate to recommend [TLS] to all lenders and brokers I am affiliated with. Thank you...”
Barbara C.
Mortgage Securities Inc
Get in Touch With an Asset Recovery Specialist Today!
