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LSP communicates key information about an asset to the investor, their legal representative or the servicing agent. When vital information is uncovered in a timely manner, before fine and fees begin to accrue, it optimizes the ability to reduce the overall expenses for that asset.

This information provides multiple advantages. Among other things, our property debt report can supply reliable information not otherwise revealed by a title search, including association questionnaires, contact and estoppel information for expedited payments of association fees. Further, our research can identify code enforcement and other violations with potential fines. When properly addressed in an early stage this allows for corrective measures with minimized exposure to fines or additional violations.

These are only a few matters which can contribute to a decreased net recovery and which can pose a threat to the asset during any part of its cycle through the default process up to final disposition.

Having this information in advance eliminates the element of surprise at a closing table and reduces overall holding costs. Obtaining this data from a single point of contact, a source solely specializing in this type of research is a powerful tool.