Real Estate Foreclosure Compliance & Limitations

On-Demand Webinar:
StreamedSep 20, 2021Duration90 minutes
  • Unlimited and shareable access
    two business days after live streaming
  • Available on desktop, mobile & tablet devices 24/7
  • Take-away toolkit
  • Ability to download webinar video
  • Presenter's contact info for questions
See Registration Options

Are you up to speed on the mortgage foreclosure process?

This timely webinar will address the legal and compliance issues you need to know and the required steps in the process.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Determine when a borrower becomes delinquent for purposes of foreclosure
  • Understand the timing restrictions on mortgage foreclosures
  • Explain when the lender must provide loss-mitigation options to the borrower
  • Understand the rules to cover a “successor in interest,” including transfers caused by death, divorce, trust, or gift
  • Identify who qualifies as a “successor in interest”
  • Analyze which notices don’t violate the automatic stay in bankruptcy
  • Determine the appropriate credit bid at the foreclosure sale

WEBINAR DETAILS

The residential mortgage foreclosure process has seen many important changes in the last few years. A mistake in the process can cause substantial damages to your financial institution that far exceed the loan amount. This webinar will explain the legal and compliance concerns starting with the decision to foreclose on the real estate and ending with holding the foreclosed real estate on the financial institution’s books. It will explore the proper steps required to handle a residential mortgage foreclosure and what can be done when the borrower files bankruptcy.

WHO SHOULD ATTEND?

This informative session is designed for staff involved in the real estate loan and collection process, including loan officers, workout officers, loan operations personnel, collectors, attorneys, compliance officers, and managers.

TAKE-AWAY TOOLKIT

  • Model form of periodic statements for consumers in Chapter 7 or 11 bankruptcies
  • Model form of periodic statements for consumers in Chapter 12 or 13 bankruptcies
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presented By

Elizabeth Fast, JD & CPAElizabeth Fast
Spencer Fane LLP
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