Foreclosures

"Foreclosure is the procedure for enforcing a lender rights once the
obligation secured by a Deed of Trust is in Default."

When a property owner defaults on a note and deed of trust, the lender may determine the only course of action is to foreclose on the property. This is often viewed as a difficult process due to the discomfort of all parties involved. Our professional staff treats each and every foreclosure with care and professionalism in order to make the process as swift and painless as possible.

When is a Borrower in Default?

A borrower is considered to be in default when they have failed to fulfill the terms of the note and deed of trust. Common situations leading to default include:

Need to Foreclose?

If your borrower is in default, Preferred Default Management, Inc. can help! Our services include:

Foreclosures

When debtors are unable or refuse to pay their loan, foreclosure action can be the most resourceful solution to recovering your profit.

Our seasoned staff will initiate foreclosure action within 24 hours of receipt of your referral. You will receive a detailed property analysis and your net profit will be updated with every step of the foreclosure action. The analysis will include all senior or junior liens, unpaid taxes, property transfer taxes, and costs related to foreclosure and/ or REO. By reviewing the total cost vs. profit, we are able to determine the best strategy for your real estate investment.

Deceased Borrower

Even if your borrower should pass away, we can help you collect on your asset. We can assist:

  • Initiating probate
  • Determining who is named executor or personal representative of the deceased borrower
  • Protecting your claim in an active probate

What if your borrower passes away without having a will or living trust? We know how to find the borrower's assets and settle your payment.

Collections

We hire the most professional collectors who are rigorously trained and tested and who maintain the highest standards of business conduct. Our collection team is comprised of experienced closures whose goal is to recover your entire delinquency.

We use a myriad of innovative and effective methods for contacting your borrower and obtaining payment. Offering a variety of payment options further ensures our bringing the highest possible amount for your portfolio. Our success rate cannot be exceeded anywhere in the industry. When you choose Preferred Default Management, Inc. we will turn your non-performing liability into your recovered profit.

Why Choose Us?

At Preferred Default Management, Inc., we pledge to provide you with the most efficient foreclosure process possible. We offer:

  1. We've been in business since 1989, during which we have assisted thousands of California lenders in protecting their equity and rights
  2. Personalized foreclosure services, catering to the specific needs of your foreclosure
  3. Unparalleled and open communication, including monthly written updates on your foreclosure. We are available any time to discuss your foreclosure personally.
  4. Our legal staff, who will review all of your foreclosure files
  5. NO advanced fees or deposits

Click here to get started, or contact our office today.

Call Us Today!

949-228-3296




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