In Los Angeles County, non-judicial foreclosures are the most common track for foreclosing commercial properties. California foreclosure laws are extremely complex; lenders can protect their business and their assets by ensuring that they adhere to the state’s requirements. Following the … 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
If a borrower is in default, but a lender does not want to go through the foreclosure process, then the pre-foreclosure process is crucial for lenders. A typical lender will not want to jump onto foreclosing a commercial property on … 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
Dual-tracking or double-tracking is the practice of filing multiple actions against an unpaying borrower. Some hard money lenders will use this method to start the recuperation process while giving themselves time to evaluate how to best protect their assets. While … 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.