Automated mortgage servicing systems maximize speed and convenience for servicers. Without any intervention, they can advance foreclosure timelines, update payment amounts, assess fees, and route accounts through various stages of collection. However, the same features that make these systems convenient…
Many North Carolina foreclosures go through a process known as power of sale foreclosure. Because this is a nonjudicial process that doesn’t start in a conventional courtroom, borrowers may assume that the outcome is already decided. But before the foreclosure…
Tennessee’s non-judicial foreclosures allow lenders to proceed without filing a lawsuit; the result is a faster and more streamlined process. But to benefit from this efficiency, lenders must comply with statutory and contractual notice requirements. Failing to meet these requirements…