Lenders in the commercial real estate industry most times need an SNDA which refers to Subordination, Non-Disturbance, and Attornment Agreement. An SNDA helps define the connection and interests of the lender, the borrower, and the renter of the asset used to secure the loan. [...]
A deed of trust is a legal document commonly used in lending real estate transactions where either the buyer or the seller wants to lend money to purchase an asset and then use their property as collateral to secure the loan. Even though most [...]
Housing inventory is at an all-time low, housing prices are at all-time highs, and affordability is getting further out of reach for more individuals every day. These factors are combined to create a perfect storm for homebuyers rapidly running out of options. In addition, [...]
If borrowers can not repay loans, lenders mostly have no choice but to foreclose on assets. However, there could be another option that is beneficial to both borrowers and lenders in the case of a payment default. This is known as the "Deed in [...]
A forbearance is a mechanism used to help borrowers with financial difficulties due to natural disasters, unemployment, or accidental injury. However, because the borrower will agree to a deal obligating them to repay the loan within a specific time frame, this type of help [...]
The majority of Private lenders are quite experienced professionals in the real estate industry with extensive knowledge of structuring loan agreements. However, most of them do not have long-term thoughts regarding loans, particularly in the form of an exit technique such as selling to [...]
Lending volume in the past year exceeded everyone's expectations, owing mainly to record-low mortgage rates. Closing problems unavoidably crept in as lenders tried to keep up with demand. As a result of this unexpected surge in volume, lending businesses across the industry are looking [...]
According to the latest Freddie Mac PMMS Mortgage Survey, the average 30-year-fixed rate mortgage fell one basis point from the previous week to 3.55% for the week ending January 27th, 2022. However, it is essential to note that the 30-year fixed-rate mortgage averaged 2.77% [...]
A judicial foreclosure occurs when a lending business initiates a lawsuit in a civil court of law against a defaulting borrower and secures a monetary judgment in addition to the foreclosure. The judgment is binding against the borrower as an individual, and it guarantees [...]
As a new fiscal year starts in the lending industry, with the many stakeholders still finding their foot around the post-pandemic events, several mortgage lenders are being cautious of a potential wave of bankruptcy filings on the horizon. However, recent events within the industry, [...]
