Navigating through foreclosure law complexities.

Mortgage Banking | February 1, 1992| | Copyright

Lenders can avoid some foreclosure pitfalls if they have a working familiarity with the finer points of state foreclosure law.

Particularly in these times, with the economy performing so poorly and unemployment remaining stubbornly high, mortgage lenders would be wise to become more familiar with the legal procedures involved in foreclosing on real estate collateral. Being familiar with these legal procedures will help a lender communicate in a more meaningful way with legal counsel and hopefully help to avoid the pitfalls and costs associated with mortgage ...

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