PROFESSIONAL CORPORATION
Your mortgage is registered, money has been transferred to the borrowers and the loan transaction is officially complete. Now what?
Derchansky Legal Professional Corporation offers a variety of services to help with the post-closing administration of your loans. From accepting scheduled payments to communicating with the borrowers (or any interested party) to dealing with breaches of mortgage terms, Derchansky Legal PC can assist with all of the work that goes into actually managing your loans.
Collecting and remitting scheduled payments
Addressing missed payments or other violations of mortgage terms
Administering mortgage renewals and extension agreements
Amending the mortgage as required (for example, for partial repayment)
Preparing discharge statements
Attending to document rectification and title correction
Maintaining up-to-date information about all relevant parties
Sending notices to any relevant party of any developments
Corresponding with title insurance companies
Following up on undertakings made by the borrowers
Issuing demand letters and notices of default
Drafting and enforcing forbearance, subordination and standstill agreements
Dealing with creditors (secured and unsecured)