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
Many lenders that come to Total Lender Solutions are enacting their first-ever foreclosure. The Missouri foreclosure laws are complex and the foreclosure process can be overwhelming for lenders. A commercial foreclosure processing firm can help by leaving lenders to focus … Read More
The Total Lender Solutions team operates in several different states and understanding each state’s foreclosure laws and procedures are crucial to us and our clients. In this series, we’ve reviewed the non-judicial foreclosure process in California, Arizona, Texas, and Nevada. … 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
Individuals and private companies who offer commercial loans can thrive even in the toughest of times. But make no mistake: hard money lenders take on a fair amount of risk, and sometimes they need to enlist the help of an … Read More
Commercial real estate can be the biggest financial obligation for a company. For some businesses, like restaurants, practically everything rides on their physical space. It’s therefore critical that borrowers have a clear, detailed picture of the property they’re looking to … Read More
Working with delinquent borrowers is a particular challenge in our industry; it can be unpleasant for everyone involved, especially if the borrower is not being cooperative. As the end of the year approaches, the holiday season often prompts borrowers to … 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.