Fraud, Defaults & Second Chances: What Happens Next with Troubled Loans

What happens when a real estate investment doesn't go according to plan?
 
In this episode of Unconventional with Bill Tessar, Bill sits down with Erick Williams, EVP of Asset Management & Servicing with ServEase, and Harris Howard, Founder & President of Howard Law, for a candid look at one of the most important, and often least talked about, sides of mortgage lending.
 
From projects that simply fall off track to warning signs of more serious problems, Erick and Harris share what lenders, brokers, and investors should understand about identifying risk early, navigating troubled loans, evaluating credible recovery plans, and knowing when legal intervention becomes necessary. But asset management and servicing functions aren't about being the "bad guys." The goal is to protect the lender while finding a path forward for the borrower whenever one still exists. With transparency, communication, and cooperation, many difficult situations can be resolved before they reach the point of no return.
 
The conversation also explores the realities of mortgage fraud and misrepresentation in lending, why strong underwriting matters from day one and what separates a challenging loan that can be recovered from one that ultimately cannot.
 
For lenders and brokers, it's an inside look at the work happening behind the scenes to protect the lending ecosystem. For investors, it's an important reminder that when a project goes off plan, communicating early can make all the difference.
 
About the Podcast: Unconventional inspires wealth through real estate by sharing the raw, unfiltered success stories forged outside the lines. Prepare for a masterclass in overcoming obstacles, defying conventions, and shifting your perspective on what’s possible.
 
Learn more at: https://cv3financial.com/unconventional/