Training Course Syllabus:

Skillfully Handle Troubled Real Estate Loans

When foreclosure is looming, you not only need to understand all your client's options, you also need practical techniques for protecting your client's interests. Get the tools you need at this essential seminar. We'll begin with a detailed walk-through of the various loan workout options and the foreclosure process. Then our experienced faculty will take an in-depth look at how to handle the title, environmental and post-foreclosure issues commonly encountered when working with troubled assets. Take your skills to the next level. Register today!

• Know the nuts and bolts of the foreclosure process, including its requirements and procedural pitfalls.
• Learn how to adeptly use the various workout tools and loan modification options at your disposal to avoid foreclosure.
• Recognize the title issues involved in the foreclosure and workout context and learn how to resolve them.
• Mitigate the environmental risk associated with troubled assets using tips from our experienced faculty.
• Maintain an ethical practice by avoiding conflicts of interest and multiple representation issues.
• Learn proven eviction and ejectment techniques to secure property as smoothly and efficiently as possible.
• Gain a comprehensive understanding of the post-foreclosure liability for property preservation, taxes, code violations and other ownership responsibilities.

The Civil Action Foreclosure Process in Maine
9:00 - 10:00, Michael S. Haenn

• Pre-Foreclosure Notice Requirements
• Changes to Legal Procedure (Generally)
• Post-Judgment Options
• Foreclosure Sales
• Deficiencies

Workouts - The Various Tools in the Toolbox for Working Out Troubled Real Estate Loans
10:00 - 10:30, Sonia J. Buck

• Forbearance Agreements
• Deed in Lieu of Foreclosure
• Short Sales and Discounted Payoffs

The Mortgagor's Toolbox
10:45 - 12:15, Andrew J. Kull

• Foreclosure Mediation
• Loan Modifications
• Mortgagor's Defenses
• Bankruptcy Considerations

Title Issues in the Foreclosure Process and Workout Context
1:15 - 2:15, Norman J. Rattey

• Standing to Foreclose, Mortgage Assignments and Powers of Attorney
• Record and Nonrecord Evidence Necessary to Issue a Title Insurance Policy
• Sales of REO Properties
• Mortgage Foreclosure Rescues and Short Sales
• Miscellaneous Issues

Ethics
2:15 - 3:15, Sonia J. Buck

• Conflicts of Interest
• Multiple Representation Issues
• Due Diligence and Duty to Disclose
• Attorneys' Fees

The Statutory Power of Sale (Briefly)
3:30 - 4:30, Michael S. Haenn

• Overview, Applicability
• Recent Statutory Changes

Seminar Summary:

When foreclosure is looming, you not only need to understand all your client's options, you also need practical techniques for protecting your client's interests. Get the tools you need at this essential seminar. (see full course description)

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