Increase of Multifamily Apartments Foreclosing in Texas
The foreclosure of 3,200 units in Houston is predicted to be the launching point of more multifamily apartments foreclosing in Texas.… Read More
Fed Raises Interest Rates: Should Lenders Hire a Foreclosure Service?
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
What is a Loan Trustee Service and How Does It Help Lenders?
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 Commercial Foreclosure Process: How Long Does it Take?
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
Non-Judicial Foreclosure in Texas: What Lenders Need To Know
In Texas, there are two types of foreclosure: judicial and non-judicial. Most foreclosures in the Lone Star State fall into the latter category. Here are a few basic things that lenders need to know about the non-judicial foreclosure process in … Read More