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Rethinking Foreclosure Strategy for Private Lenders in California
By Melissa Martorella, Esq. - Partner at Fortra Law
By Melissa Martorella, Esq., Partner at Fortra LawApril 14, 20262 min read
For years, many private lenders approached foreclosure in California as a relatively straightforward remedy. When a borrower defaulted, the path forward was often clear. Initiate the process, follow statutory timelines, and recover through a trustee’s sale.
That approach no longer reflects today’s reality.
Foreclosure in California has become more nuanced, not because the core process has changed, but because the risks surrounding that process have.
About the author
Partner at Fortra Law
Melissa Martorella is a Partner and Department Head of Fortra Law's Banking and Finance practice group. She manages a large team of attorneys and loan processors in the preparation of loan documents and related transactional documentation, with her practice primarily focused on representing nationwide mortgage professionals and supporting their transactional needs. She also provides the compliance guidance necessary to navigate mortgage lending transactions across all fifty states, leads the firm's non-judicial foreclosure practice, and advises clients on all default-related matters. Ms. Martorella has been recognized by her peers as a Super Lawyers® Rising Star from 2018 through 2022—an honor awarded to only 2.5% of attorneys—and has been named a Southern California Rising Star each year during that period. She is also actively involved in the industry as General Counsel of the American Association of Private Lenders.
