Workouts and Foreclosure - Lender
Allen Matkins assists clients in all aspects of the judicial and non-judicial foreclosure practice, including advising on California’s one action/anti-deficiency issues, attending foreclosure sales, and assisting with the preparation of credit bids.
The foreclosure of a deed of trust or mortgage results in the lender, or the lender’s designee, owning title to the applicable collateral. Prior to closing the loan, the lender will have completed detailed due diligence with respect to the property. Because some, if not many, aspects of that due diligence may have changed between the time of loan closing and foreclosure, it is important that the lender update due diligence and understanding of the real property collateral before foreclosing.
The foreclosure of a deed of trust or mortgage results in the lender, or the lender’s designee, owning title to the applicable collateral. Prior to closing the loan, the lender will have completed detailed due diligence with respect to the property. Because some, if not many, aspects of that due diligence may have changed between the time of loan closing and foreclosure, it is important that the lender update due diligence and understanding of the real property collateral before foreclosing.
"Solid training and experience - they can handle anything we throw at them."
- Managing Director, Global Finance Services Firm
Our attorneys represent our lender clients in all aspects of pre-foreclosure due diligence, including:
We also provide advice and assistance with respect to the activities of the lender following the foreclosure, such as leasing the property, preparing the property for sale and selling the property.
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