The increased frequency of foreclosures in today’s market is a reality that many lenders have to face head-on. In addition to the headache of dealing with a failed loan, having to deal with the property itself and becoming an owner of that property can prove an even bigger headache (which is why performing thorough due diligence is so critical). In fact, often the due diligence a lender does at the pre-foreclosure stage is above and beyond what was done during the origination of the loan. Here are a few reasons why:
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February 19, 2025
Fannie Mae recently issued updated guidance regarding problematic materials that could significantly impact the results and findings within a Fannie Mae Scope Property Condition Assessment (PCA).
January 24, 2025
LOS ANGELES, CA - Partner Engineering and Science, Inc. announces the appointment of Bryan Hill as Technical Director, bringing over 20 years of comprehensive experience in environmental consulting and industrial hygiene services to expand the firm's Environmental Health and Safety (EHS) presence on the West Coast.
November 05, 2024
When property performance doesn’t meet proforma, investors lose. Gathering the correct data during due diligence goes a long way towards keeping investment properties on track. In this article, Partner Principal Jason Lind, who's worked on both sides of the acquisitions/asset management divide, offers a strategy to bridge the gap for more accurate projections and better returns.
