This course is designed to provide a procedural orientation to the foreclosure process and alternatives to foreclosure. (see
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Foreclosure and Loan Workout Procedures Seminar
Guide Your Clients Through the Best Solution for Their Situation
This course is designed to provide a procedural orientation to the foreclosure process and alternatives to foreclosure. Expert faculty will identify the options available for loan defaults and guide you through their mechanics – from loan modifications to short sales and the foreclosure process itself. Along with this engaging seminar, you'll receive a reference manual filled with in-depth, detailed information on each of the options discussed, so you can dig into specific laws as you need them. Register today!
Learn what loss mitigation solutions are available in residential situations and how to put them in place for your clients.
Walk through the non-judicial foreclosure process and sale to avoid legal missteps when you're guiding clients through them.
Identify the difference between a simple restructure and a troubled-debt restructure.
Understand how to negotiate the best possible loan modification solution.
Be prepared to handle the entire short sale process.
The Non-Judicial Foreclosure Process 9:00 - 10:30, Karen L. Gibbon
Overview of Chapter 61.24, RCW, the Deed of Trust Act
2011 Amendments, The Foreclosure Fairness Act – Changes to Pre-foreclosure Loss Mitigation Requirement
Emphasis on Housing Counselors, the new Mediation Program, the Foreclosure Fairness Fund, Liability under the Consumer Protection Act