9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
Residential real estate loan problems continue to trouble financial institutions. There are several alternatives to consider when dealing with troubled real estate loans, including workouts, forbearance, deeds in lieu, short sales, foreclosures, deficiency judgments, and receiverships. Each option poses a certain amount of risk exposure, so making a mistake could result in losses that far exceed the loan amount. This webinar will explain all aspects, risks, and steps for each alternative, so you can properly evaluate which is best for each situation.
Continuing Education: Attendance verification for CE credits upon request
- How to determine which alternative is best for the situation – workout, forbearance, deed in lieu, short sale, foreclosure, deficiency judgment, or receivership
- Proper steps to handle each alternative
- Protecting your institution from potential liability
- What constitutes a troubled debt restructuring?
- When you are required to issue Forms 1099-A and 1099-C
- TAKE-AWAY TOOLKIT
- FFIEC’s Policy Statement on Prudent Commercial Real Estate Loan Workouts
- Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for staff involved in the real estate lending and collection process, such as loan officers, workout officers, loan operations personnel, collectors, attorneys, compliance officers, auditors, and managers.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.