Mortgage Defaults: Workouts, Alternatives, Foreclosures, Short Sales & More

On-Demand Webinar:
StreamedFeb 1, 2023Duration90 minutes
  • Unlimited & shareable access starting two business days after live stream
  • Available on desktop, mobile & tablet devices 24/7
  • Take-away toolkit
  • Ability to download webinar video
  • Presenter's contact info for questions
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There’s good news and bad news.

Bad news: a mortgage loan is going into default. Good news: there are several options available depending on the situation, including workouts, foreclosures, short sales, etc. Use this webinar to sharpen your mortgage default skills and processes and save your institution from further loss.

  • Determine which alternative is best for the situation – workout, forbearance, deed in lieu, short sale, or foreclosure
  • Understand the proper legal steps required for each option
  • Utilize the key principles of prudent real estate workouts
  • Explain when a residential borrower becomes delinquent and the timing restrictions on residential mortgage foreclosures
  • Grasp the “successor in interest” rules, including transfers caused by death, divorce, trust, or gift, and who qualifies as a “successor in interest”
  • Take steps to avoid regulator criticism


Commercial and residential real estate loan problems appear to be on the rise.  There are several alternatives to consider when dealing with troubled commercial and residential real estate loans, including workouts, forbearance, deeds in lieu, short sales, and foreclosures.  Each option poses a certain amount of risk exposure, and making a mistake could result in losses that far exceed the loan amount.  This webinar will explain all aspects, risks, and proper steps for each alternative so you can properly evaluate which is best for each situation.  It will also explain the legal and compliance rules that apply to commercial and residential real estate foreclosures, including the special rules when dealing with residential property.


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


  • Proposed Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts
  • CFPB’s Mortgage Servicing Rules - Small Entity Compliance Guide
  • 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 institution is prohibited. Print materials may be copied for eligible participants only.


"Elizabeth covered everything and kept it interesting."
- Jodene, Los Angeles Police Federal Credit Union

Presented By

Elizabeth Fast, JD & CPAElizabeth Fast
Spencer Fane LLP