In California, there are two types of foreclosure: judicial and non-judicial. Non-judicial foreclosures are the state’s most common; here are a few basic things that lenders need to know about California’s non-judicial foreclosure process. Non-Judicial Foreclosure in California: How It … Read More
60% of states use deeds of trust as their primary security instruments. Once a borrower has paid off their loan, the deed of trust must be removed from the public records. This is done with a deed of reconveyance … Read More
It’s no secret that the past 16 months have been devastating to many lenders and borrowers. We’ve long maintained that when it comes to resolving issues surrounding breaches of obligations, foreclosure should always be the final option. That holds true … Read More
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
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
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
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
Originally posted on Originate.report by Total Lender Solutions
Originally posted on REI-Ink.com Simple timing errors can cost you money. By Randy Newman Limitation of Actions. Or, put colloquially, the Statute of Limitation. Three words that can derail your foreclosure and impair the legal validity of both the mortgage and … Read More
Originally posted on RealtyTimes.com You currently hold the first mortgage on a rental property in California. The borrower is behind in payments to you and has disregarded all communications from you. You decide to file a notice of default to start … 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.