View our articles about foreclosure processing tip, news, and resources for lenders across the United States.
Hard money loans differ from traditional loans in that they are secured by real property based on the value of that property and are typically granted without the need for a credit check, appraisal, or evaluation of personal financials. This … Read More
The effort by employers to return employees to the office is a hard-fought battle and is lending to many workers demanding the flexibility to enter jobs that can be performed either remotely or on a hybrid schedule. “Already, we are … Read More
Although many hotels are almost back to full capacity, many still face delinquency as a result of the impact from the COVID-19 pandemic. Many small-to-medium lenders that have never enacted a foreclosure have found themselves weighing their options. When foreclosing … Read More
We all know the old saying “an ounce of prevention is worth a pound of cure”. When it comes to borrowers looking for a business loan, that’s especially true. Borrowers, especially those who’ve never applied for a business loan, are … Read More
Foreclosing on commercial properties presents different challenges than foreclosing on residential homes. For traditional businesses and services, such as stores and restaurants, there are issues surrounding collateral (kitchen equipment, for example) and ownership. Foreclosing on an apartment building can … Read More
The foreclosure process is complicated by necessity; the many steps and requirements serve to protect both the borrower and the lender ensuring that the process is thorough and fair. But even the most basic aspects of foreclosure tend to confuse … Read More
We’ve said it before: in most cases, foreclosure should be the final option exercised when resolving a breach of obligation. It might seem unusual, considering that foreclosure processing is an essential part of our business, and one that we do … Read More
Following the U.S. government’s COVID foreclosure moratorium, which ends on July 31st, questions remained as to whether or not the foreclosure ban would be extended. Late last month, the U.S. Consumer Financial Protection Bureau announced that there were no plans … Read More
It may seem counterintuitive for a lender to outsource the foreclosure process. After all, lenders loan the money – they should have the knowledge and the resources to get it back. And to be fair, many do. But consider a … 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
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.