Description
This interactive session will walk your team through the hazy labyrinth of laws, rules, regulations and best practices surrounding the repossession of real property. From understanding the obligations of your state’s foreclosure laws to creating an effective bid strategy, this session is sure to provide valuable guidance and insight that will save you time, effort and money!
Background
It seems nothing is ever easy with a bad real estate loan. You have mounting regulations on one side, a troubled borrower on the other and the financial institution stuck in the middle with its balance sheet increasingly at risk. Wait! It gets worse. Law makers, regulators AND consumer protection attorneys are keeping an eager eye on your real estate portfolios and particularly your foreclosure process in an effort to “protect” the consumer. More than a few foreclosures have opened the door to law suits against the institution itself. Ouch!
Your institution has too much at stake to risk an improper foreclosure. This interactive session will walk your team through the hazy labyrinth of laws, rules, regulations and best practices surrounding the repossession of real property. From understanding the obligations of your state’s foreclosure laws to creating an effective bid strategy, this session is sure to provide valuable guidance and insight that will save you time, effort and money! Join collections guru David Reed and he walks you through the new world order of foreclosures.
Benefits
Following this session, you’ll be able to:
• Identify the essential elements of judicial and non-judicial foreclosures
• Apply a systematic approach to the foreclosure process
• Recognize the impact of new lending rules on foreclosure practice
• Solve the great bidding question
• Manage state and local rules on OREO property management
• Avoid the most common foreclosure landmines
As a special bonus, Mr. Reed will address the 5 questions you must ask before hiring a foreclosure attorney!
Who Should Attend
This session is designed for:
• Banking Executives
• Managers
• Internal Auditors
• Lending Staff
• Collections Managers
• Collectors
• Compliance Officers
• And anyone involved in the foreclosure or OREO process