How Do Lender Inspections Help Lenders? A lender inspection is purely an inspection to ensure that building projects, especially renovation or rehabilitation projects, are remaining on course. These inspections are sometimes done before each scheduled draw period. Lender inspections are … Read More
Before foreclosing on a property, a lender might consider alternative resolution to resolve borrowing delinquency. A lender might decide to either modify or refinance the loan. Both processes are similar, but usually address different issues or needs a borrower might … 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
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
The Total Lender Solutions team will attend the California Mortgage Association 2022 Spring Seminar. This is an amazing opportunity for us and other experts in the mortgaging and foreclosure fields to stay current with the latest compliance, trends, and predictions. … Read More
SNDAs are useful tools for commercial real estate lenders and tenants, and establish a relationship between these two parties which might not have existed without them. While lenders often seek them out when mortgaging to property owners, if it is … Read More
It may happen that a lender finds themselves wanting to cancel a relationship they have with a borrower, but cannot start the foreclosure process because payments are current. While a lender may not start the foreclosure process simply because they … Read More
If your business owns commercial real estate that is in default, you may be considering a nonjudicial foreclosure. This is a process where the commercial property is sold without going through the court system. It can be a fast and … Read More
The FHFA has increased conforming loans for 2022. According to FHFA, housing prices increased 18% on average in the last year, and the loan limit increase reflects those numbers, making it the largest ever limit increase. This limit has increased … 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