Western Law Corporation

Banks and other lending institutions seldom have the professionals in-house with the time and resources to manage foreclosure proceedings. Foreclosures are complicated, and your financial institution could suffer even more losses if mistakes are made anywhere in the process.  

Here’s why using Western Law Corporation’s foreclosure services is a wise choice:

Problem-Solving

Factors that can complicate foreclosures are legion, taking more time and effort than you can invest. Some examples include:

• Tenants occupy the defaulted property
• Multiple properties secure a single loan
• Federal and state laws regulating foreclosures
• Judicial foreclosures when a Power of Sale Clause is absent
• The borrower cannot be reached

Compliance

Borrowers can use any lender mistakes against you during the foreclosure process. Lawsuits can be extremely challenging for borrowers, particularly if they have to give up on selling their property, so any compliance errors allow them an avenue of escape. Additionally, each state has its own set of laws governing the foreclosure process. This can make it tough for lenders with investments in multiple states to keep track of the applicable rules and regulations for each foreclosure.

Workload

Commercial foreclosures can be quite labor-intensive. They involve a lot of paperwork, legal reviews, communications, and detailed administrative tasks that can consume a significant amount of a lender’s time. For individual lenders, handling the foreclosure process alone may be overwhelming. Institutional lenders may need to reassign staff members to manage the workload, potentially disrupting productivity.