In Averting Foreclosure, Nimbleness Is A Necessity
The modern-day servicing shop is no place for complacency. Governmental pressure and unforeseen levels of media attention have made foreclosure prevention a top...
Vacant Properties: Forging Solutions Through Communication
Abandoned and vacant properties present a variety of challenges for local governmental units, including the inability to identify a responsible contact for these...
Are Servicing Organizations On Top Of E-Discovery Demands?
Discovery as we know it is on the brink of monumental changes that will forever impact and alter the way litigation is conducted....
Niche Lending, California-Style
You don't need Steve Hops to tell you things are rough in today's mortgage banking market. However, Hops, the senior vice president and...
Prepare For The New Property Inspection Form
Officially released in May, the new commercial/multifamily property inspection form from the Mortgage Bankers Association (MBA) will standardize a sometimes convoluted process -...
How Do Natural Disasters Affect Foreclosures?
A mortgage servicer can initiate a foreclosure when a loan is in default as defined by the deed of trust that is signed...
The Subprime Mop-Up: Send In The Lawyers
In the aftermath of the subprime meltdown and the subsequent domino effect it had on both the mortgage banking industry and the general...
The Care And Feeding Of Niche Loans
When tending to a diverse portfolio of loans, commercial servicers must be aware of the special post-closing demands of niche products, including B-notes,...
To Mitigate Losses And Avoid Foreclosure, Communication Is Key
Let's put all the cards on the table and tell it like it is. No more beating around the bush or pretending that...
New 90-Day Right To Reinstate Notice Required For Massachusetts Foreclosures
A new Massachusetts law, as part of last year's 'An Act Protecting and Preserving Home Ownership,' has changed a number of regulations related...
Reverse Mortgages: The Campaign For Hearts And Minds
A great number of mortgage bankers are already convinced on the commercial viability of reverse mortgages. The challenge, however, is convincing the general...
Servicers Brace For Multifamily Loan Challenges
Special servicers who tend to troubled loans across all of the commercial property types are gearing up for an increased workload and greater...
Think You Have A Title Claim? Think Again
When lenders require the purchase of a title policy at loan origination, they do so with an assumption that if ever a problem...
When To Sell Assets During Receivership
Although the protective role of a receiver, an independent third-party appointment by the courts, is not new to the realm of nonperforming loans,...
Checking Into Today’s Condo Hotel Market
For anyone involved in the condo hotel market, the April 5-6 Weekend Edition of the Wall Street Journal could not have brought many...
Arkansas Supreme Court Settles Due Process Debate
Until recently, Arkansas foreclosure attorneys have had to rely upon a federal opinion when faced with due process attacks against the Arkansas Statutory...
TIC Industry Slows, Focuses On Quality
Although still considered a growing, active and important market on its own, the tenant-in-common (TIC) industry is currently facing the same hurdles placed...
Enterprise Risk Management: Taking A Holistic Approach
In December 2007, New York-based GMAC Financial Services announced the creation of a new position called chief risk officer and appointed its newly...
Lien Releases On Real Property In Texas
Payment of the debt underlying a lien on real property extinguishes the lien. When the underlying debt is paid, the lien holder has...
Surveying The Major Property Markets
Commercial property fundamentals have become an increasingly common discussion topic of late, especially as the residential market continues its slide and prompts observers...