Foreclosure is a dirty word that no American homeowner wants to ever say, or experience. Unfortunately, in these tough economic times, “foreclosure” has become a household word and has become an all too real process for an alarmingly large number of people.
The U.S. Foreclosure Market Report™ for the third quarter of 2009 shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties, a 5 percent increase from 2009’s second quarter and an increase of nearly 23 percent when compared to the third quarter of 2008. The pace of foreclosure filings is increasing even as the Obama administration is renewing efforts to force lenders to offer relief strategies to homeowners who can’t pay their mortgages.
This increase in filings means an influx of business for bankruptcy and lenders’ counsel. As such, are you confident that you know the process well enough to effectively represent your client?
This seminar is designed specifically for the novice. You get “A to Z” instruction on the foreclosure process, from the first step—the Act 91 notice—to the last step—final collection on the deficiency judgment.
Topics include:
The Real Property Foreclosure Process
Alternatives to Foreclosure
- Repayment, Forbearance, Payment Assistance, Mortgage Modification, HUD Partial Claim, Refinance, Private Sale, Short Sales, Deed in Lieu of Foreclosure, Homeowners’ Emergency Mortgage Assistance
Case Law and Legislative Update
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Foreclosure Prevention Program
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Federal and state laws
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Case law Bankruptcy
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The Automatic Stay
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Chapter 7 and 13
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Post-Foreclosure Sale Bankruptcy Filings
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Protecting the Creditor’s Position
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Litigation Ethical Considerations
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Rules of Professional Conduct
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Conflicts of Interest
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Disclosure
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Wrongful Foreclosure, Abuse of Process, Frivolous Lawsuits
