As many of our clients have discovered, the work involved in foreclosure processing is complex. There are federal and state guidelines to follow, and the procedures – such as knowing documentation is needed, where to file it, and when – can and do vary from state to state. It’s why the team at Total Lender Solutions works diligently to understand the regulations of the states in which we operate, and to stay abreast of any changes to those regulations.
Along with partnering directly with lenders, we’ve found ourselves assisting their legal teams – in-house and retained – to help them navigate the often tricky waters of the foreclosure process. Here are two reasons why attorneys like to work with Total Lender Solutions.
Total Lender Solutions Helps Lawyers Conduct Research
Commercial real estate loans can be exceedingly complicated. Oftentimes, multiple parties and concerns are involved, especially when it comes to properties like hotels and restaurants that may have multiple locations, or may be franchised. Going through the “paper trail” of ownership in commercial real estate transactions is a time-consuming process that demands attention to detail – experience that a typical paralegal or legal secretary may not have.
In one case, our team assisted a law firm in understanding a particularly complex review of a debtor’s properties. We showed our value by not only uncovering the status of 20 parcels secured by the debtor’s deed of trust, but also by organizing all of the relevant information so that the firm could easily access and understand the data associated with each parcel.
Total Lender Solutions Fills Attorneys’ Knowledge Gaps
Lawyers who work in the real estate industry often provide a variety of related services. Foreclosure work is our speciality, and we’ve found that our deep knowledge of everything related to foreclosures has benefited our attorney partners.
Uniform Commercial Code (UCC) sales, for example, are a specialty of ours. In one instance, we partnered with an attorney who needed to conduct a UCC sale of a delinquent borrower’s secured property – and who didn’t have the experience or resources to do the job efficiently. This was a delicate process in several ways. First, an overview and documentation of the collateral was required. Second, all documentation and proper notifications prior to the sale needed to be reviewed and conducted. Finally, the sale itself needed to be conducted in accordance with state law. In inexperienced hands, there was a lot that could go wrong, and the costs of the sale could soar. Total Lender Solutions ensured that everything went smoothly.
These are just two examples of why lawyers seek us out when they need assistance with foreclosure cases. For over 15 years, our team of highly experienced real estate professionals and legal experts has transformed complicated processes into clear resolutions for institutional and private lenders. We work as a vigorous extension of your team to provide comprehensive solutions and seamless communication, from pre-foreclosure and notice of default to the final sale phase. Our dedication and persistence when it comes to the foreclosure process ensures that our clients feel confident in reaching a successful outcome. Contact us today.
