View our articles for California Lenders about Commercial Foreclosure with tips, news, and resources.
Once a commercial lender has exhausted all means of alternative resolution with a borrower in default, they will resort to their last remaining option, which is foreclosure. If you find yourself in this situation, it’s time to seek a foreclosure … Read More
Once a borrower has paid off their loan in full, a deed of reconveyance (also known as a full or partial reconveyance) must be issued by the lender. San Bernardino County, like the rest of California, uses deeds of trust … Read More
If a borrower is in default, but a lender does not want to go through the foreclosure process, then the pre-foreclosure process is crucial for lenders. A typical lender will not want to jump onto foreclosing a commercial property on … Read More
In California, most commercial real estate foreclosures are non-judicial. Though some lenders enacting their first-ever foreclosure may be attracted to the idea of involving the court in order to receive a deficiency, they often find that opting for a non-judicial … Read More
Dual-tracking or double-tracking is the practice of filing multiple actions against an unpaying borrower. Some hard money lenders will use this method to start the recuperation process while giving themselves time to evaluate how to best protect their assets. While … Read More
The speed at which a lender is able to complete the foreclosure process largely hinges on the state and the type of foreclosure. The state and type of foreclosure determines the length of a commercial foreclosure – a process that … Read More
Borrowers are protected from debtor harassment under the federal Fair Debt Collections Practices Act, and California borrowers have additional clarifications under the California Rosenthal Fair Debt Collection Practices Act. These laws are imperative for hard money lenders to pay attention … Read More
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
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
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.