This seminar is designed for attorneys, paralegals, presidents and vice presidents, loan professionals, credit and collection managers, and other financial professionals.
This program will focus on the issues both directly and indirectly related to the foreclosure and repossession processes. The program will also alert practitioners to the attendant problems and statutory requirements that are often overlooked but must be considered.
The speakers for this program have been chosen for their knowledge and experience in the areas of foreclosure and repossession as well as for their ability to present current information in a clear, concise matter.
Topics to be discussed include:
• Pre-Foreclosure Considerations
• Preparation For And Conducting The Foreclosure Sale
• Post-Foreclosure Considerations
• Role Of The Paralegal In The Foreclosure Process
• Ethical Considerations
9:00 a.m. - 12:00 p.m. (Break 10:30 a.m. - 10:45 a.m.)
A. Pre-Foreclosure Considerations
1. Enforceability Of Loan Documents
2. Identification Of Default
4. Bankruptcy Verification
5. Investor’s Requirements
6. Title Issues
7. Deed In Lieu Of Foreclosure
8. Cure And Reinstatement
9. Environmental Concerns
10. Miscellaneous Issues
B. Preparation For And Conducting The Foreclosure Sale
1. Statutory Power Of Sale Requirement
2. Commercially Reasonable Sale
3. Efforts To Restrain Sale
4. Drafting Terms And Conditions Of Sale
5. Conducting The Sale
6. Postponement Of Sale
7. Judicial Foreclosure
C. Post-Foreclosure Considerations
2. If Mortgagee Is The Successful Bidder
3. If Third Party Is Successful Bidder
4. Pursuing The Deficiency
5. Surplus Proceeds And Interpleaders
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 3:15 p.m.
II. Role Of The Paralegal In The Foreclosure Process
A. Preparation Of Foreclosure Documents
B. Maintenance Of File
C. Monitoring Foreclosure Action
D. Client Communications
3:15 p.m. - 3:30 p.m.
3:30 p.m. - 4:30 p.m.
III. Ethical Considerations