View our articles about commercial foreclosure processing tips, news, and resources for lenders across the United States.
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
Texas has a comparatively quick foreclosure timeline compared to other states. Texas is also unique in that it conducts all foreclosure sales one day each month, during a six-hour timeframe. Because the foreclosure process can happen quickly, it’s crucial for … Read More
Lenders enacting a foreclosure for the first time may consider processing the foreclosure on their own to save money. However, a commercial foreclosure is a complicated process, and lenders could suffer further losses if they make any mistakes. For that … Read More
Many people are familiar with the popular term “mortgage” as it pertains to an agreement between a borrower and a lender. However, deeds of trusts are far more common than mortgages. In Arizona, property loans are secured by deeds of … Read More
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
The Nevada Homeowners Bill of Rights (NHBR) has been in place for nearly ten years. The bill establishes protections for homeowners from predatory foreclosure practices. The bill empowers homeowners to sue if lenders do not use ethical or compliant procedures. … Read More
Any lenders facing unpaying borrowers know that foreclosure is often a last resort. Foreclosure brings many complications for both lenders and borrowers, and can often result in losses on both ends. Lenders seeking alternative resolution might consider resolving the deficiency … Read More
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