When a borrower pays a loan in full, it is the responsibility of the lender to issue a reconveyance to indicate satisfaction of the mortgage. A deed of reconveyance provides documentation that the lender acknowledges the property is now in … Read More
Modern media presents foreclosures as dramatic events that come with little forewarning or time to come up with alternative resolution options. In reality, foreclosures require a lot of preplanning, communication, and regulatory compliance. Foreclosures often have months and sometimes years … Read More
It is not uncommon for lenders to wait months or even years after a borrower defaults to begin the foreclosure process. This is often for good reasons — it is financially better for lenders to get a delinquent borrower back … Read More
During a receivership, the receiver’s role is to protect the interests of the lender or investors and maximize the value of the property. Receivers have many years of experience in managing commercial real estate assets, and they are well-equipped to … Read More
A deed of trust is a borrowing agreement between three parties: the lender, the borrower, and the third-party trustee. Although the word “mortgage” is sometimes used in place of all lending agreements with real property as collateral, truthfully, a deed … Read More
Retail buildings are a category of commercial real estate property with which everyone is familiar. These properties include buildings that are frequented by customers and include retail stores and restaurants. In economic downturns, money lenders may find that they see … Read More
Land foreclosures come with unique considerations; Total Lender Solutions can work alongside your team to enact foreclosures under state compliance.… Read More
In a deed of trust, there are three parties — the lender, the borrower, and the neutral third-party trustee. Lenders rely on third-party trustees to handle crucial aspects of the deed of trust; these tasks can vary widely depending on … Read More
Commercial real estate foreclosures, or CRE foreclosures, are complicated and vary greatly from property type to property type. Regardless of the type of commercial real estate property that a lender is foreclosing, compliance laws remain consistent within a single county … Read More
In 2011, the Washington Department of Commerce established the Washington State Foreclosure Fairness Program created by the Foreclosure Fairness Act. This program was designed to give borrowers the necessary counsel they might require to navigate the complicated foreclosure process. The … 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.