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September 7, 2011

Due Diligence at Foreclosure: What Do Lenders Need to Consider?

By Jenny Redlin, REPA

Good Pre-Foreclosure Due Diligence Can Help Identify Red Flag Issues with a Property

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:

  • Environmental issues
  • Property condition issues
  • Unfinished construction
  • Erosion control

Continue reading the GlobeSt blog here.

About the Authors

Jenny Redlin, REPA

Jenny Redlin, REPA

Chief Experience Officer (CXO)
An original Principal and Chief Experience Officer (CXO), Jenny Redlin, REPA, brings unique expertise and experience as a 20-year environmental and engineering consulting industry veteran. Her mission as CXO is to enhance the client experience across all touchpoints at Partner, ensuring seamless, high-quality service. With her strong environmental science background and a deep understanding of the commercial real estate business process, Ms. Redlin has become the leading expert in all things relating to commercial real estate due diligence. She has gained valuable knowledge and know-how from having been personally involved in the details of thousands of real estate transactions for various client types. She understands the specific needs and scopes of work required for all parties involved in a transaction. Ms. Redlin’s due diligence resume includes advising lenders and real estate investors on a wide gamut of due diligence. This knowledge allows her to offer the most efficient and cost-effective solutions for a wide array of commercial real estate transactions.

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