NON-JUDICIAL FORECLOSURES

A non-judicial foreclosure is a foreclosure that does not require or involve the court’s intervention. In a non-judicial foreclosure, the lender can sell the borrower’s property in order to recover any losses (usually due to missed mortgage payments). Non-judicial foreclosures are also known as “foreclosure by power of sale”. The length of the foreclosure varies by state. Not all states allow non-judicial foreclosures. Direct Default Services, LLC offers non-judicial foreclosure services in the following states: Arizona, California, Idaho, Nevada, Texas, Oregon, Washington.

TITLE CURATIVE

A title issue is considered when a document, a claim, unreleased lien or encumbrance that might invalidate or impair the title to real property or make the title doubtful. This condition is also known as Clouded title. Direct Default Services, LLC and its title curative team provides an efficient and aggressive title curative approach. Our goal is to deliver clear and marketable title to our clients.

SENIOR LIEN MONITORING AND BIDS

The foreclosure of a senior lien extinguishes or ‘wipes out’ all junior liens secured by the property. Direct Default Services, LLC will handle the monitoring of the senior lien to ensure the client’s interests are protected. The senior lien monitoring team will obtain regular status updates on the progress of the senior lien, notify the client of any updates and if required aid with bidding at the senior sale and retrieving surplus funds if applicable.

DEED IN LIEU OF FORECLOSURE

A deed in lieu of foreclosure (DIL) is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The DIL team at Direct Default Services, LLC provides an efficient process ensuring the property transfer is handled in an ethical and expedient manner.

RECONVEYANCES

Reconveyance Deed releases the trustor’s lien and conveys all rights and interest in the real estate to the borrower upon the full repayment of the secured debt. Direct Default Services, LLC can provide assistance to its clients in the preparation and recording of the reconveyance deed.