Foreclosure Processing
The process of recovering your assets following a loan default doesn’t need to be daunting.
State, federal, and local laws surrounding foreclosure processing are overwhelmingly complex. At Total Lender Solutions, our extensive knowledge of regulations and legal requirements allows us to simplify the process and alleviate any frustration and confusion our partners may be feeling. We take the time to evaluate each circumstance and implement a plan of action, pairing our proven processes and over 35 years of industry experience with transparent instruction and initiative to get the job done.
We handle non-judicial foreclosures throughout California, Nevada, Arizona, Missouri, Oregon, Texas, and Washington.
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State-Specific Nonjudicial Foreclosure Processes
Foreclosure Processing News & Education
How Long Does Commercial Foreclosure Take in California? | FAQs with TLS
FAQs with TLS: The team at Total Lender Solutions (TLS) answers your questions about the real estate market and commercial property foreclosures to keep you informed about the latest industry trends. The Question: How long does commercial foreclosure take in … Read More
What Happens When You Default on a Hard Money Loan?
Borrowers use hard money loans to finance certain types of commercial real estate, but the high interest rates and shorter loan terms create substantial risk. When you default on a hard money loan, you’ll have a short amount of time … Read More
Gas Station Foreclosures: What Lenders Should Know
We’ve seen a shift in the landscape of commercial investments. Some of the longtime stalwarts of commercial real estate success, like retail, hotels, restaurants and gas stations, have found themselves in occasional perilous positions. Changes in the energy industry may … Read More
Approx.
75%
of all foreclosures are resolved before sale.
Law Firm Verifies Complicated Property Statuses to Simplify Court Reporting
When a loan is secured by multiple parcels and/or multiple deeds of trust, special care must be taken to ensure that all of the documents secure the properties. This is to verify the status of each property.
We were engaged by a law firm representing a bankruptcy trustee for a debtor whose main asset was a multimillion-dollar note and deed of trust. The deed of trust secured 20 parcels of vacant land in Southern California that had been in the process of subdivision for residential housing before the borrower defaulted.
We worked hand-in-hand with the attorneys to conduct a deep dive review into the trustee’s sale guarantee, which revealed that set parcels were tax delinquent (at different times) and that multiple parcels had been partially transferred to third parties. We created flow charts and profiles for each parcel so that the law firm could easily review the properties and report back to the bankruptcy trustee and the court.
Our Key Solutions:
- Hand-In-Hand Engagement with Attorneys
- Extensive TSG, Map, and Underlying Document Review
- Parcel Flow Chart and Profile Creation
- Process Streamlining