The foreclosure practice area is constantly evolving and the industry is showing no signs of slowing down. With new laws and regulations developing so rapidly, it is pertinent that foreclosure attorneys stay current on the latest workout and foreclosure avoidance options. However, it can be confusing or difficult for even the most experienced practitioners to remain up to date. This instruction will review the process of choosing the best option for clients, pros and cons of each option, tax considerations of foreclosure avoidance techniques and procedures, and a brief discussion of future trends and expectations in the mortgage industry. Don't miss this opportunity to refresh your skills. Order today!

• Overview
• Home Retention Techniques
• Home Discharge Options
• Ethics
• Future Trends and Expectations in the Mortgage and Foreclosure Industry
  

Continuing Education Credits:   

* denotes specialty credits

Overview
9:00 - 10:00, Julie A. Haverly Anderson and Anthony L. Gosserand

• Types of Foreclosure Avoidance Techniques Available
• Working With the Homeowner
• Working With the Bank
• How to Choose the Best Option for Your Client (With Checklist)
• When Bankruptcy Enters the Picture

Home Retention Techniques
10:15 - 12:15, Jonathan C. Becker and Anthony L. Gosserand
This portion of the day will include: practical procedures, pros and cons, tax considerations, risks and required documentation for foreclosure avoidance options that allow the debtor to keep his or her home.

• Loan Modifications
  • Current Mortgage Modification Policies
    • Drafting the “Hardship Letter”
    • Common Modifications Offered
  • Negotiation Techniques
• Forbearance Agreements
  • Reviewing Existing Documents
  • Clauses to Include and Avoid
  • Defining the Guaranty Agreement
• Re-Amortization
  • Eligibility
  • Adjustable Rate Mortgages (ARMs)
  • Negative Amortization
• Partial Reinstatements
  • Proof of Available Funds
  • Lump Sum vs. “Extra” Payments
• HUD Partial Claim
  • Requirements to Qualify
  • Application Process
  • Terms of the Claim
• State Payment Assistance Programs
  • Remedies Available
  • Qualifications

Home Discharge Options
1:15 - 2:30, Julie A. Haverly Anderson
This portion of the day will include: practical procedures, pros and cons, tax considerations, risks and required documentation for foreclosure avoidance options that involve conveyance of the debtor's home.

• Deeds-in-Lieu of Foreclosure
  • Conveyance Stating Transaction is in Good Faith and Voluntary
  • Negotiating the Settlement Agreement
  • Title to Collateral
• Short Sale
  • The Short Sale Request
  • Parties Involved
  • Short Sale Package – Reviewing Documentation
  • Implications
• Private Sale
• Pre-Foreclosure Sale

Ethics
2:45 - 3:45, Anthony L. Gosserand

• Client-Lawyer Relationship
• Conflicts of Interest
• Lender Liability Issues
• Mortgage Foreclosure Defense
• Attorneys' Fees and Expenses

Future Trends and Expectations in the Mortgage and Foreclosure Industry
3:45 - 4:30, Jonathan C. Becker, Anthony L. Gosserand and Julie A. Haverly Anderson.
This portion of the day involves 45 minutes of discussion regarding where the industry is headed in the next year.

JONATHAN C. BECKER is a sole practitioner in Lawrence. Mr. Becker has been practicing bankruptcy law for 22 years. He also practices in the areas of landlord/tenant law. Mr. Becker is a lecturer on bankruptcy at the Johnson Community College. He is a member of the Douglas County and Kansas bar associations and past president of the Douglas County Criminal Defense Bar Association and past president of Hugh Means American Inn of Court. Mr. Becker received his B.A. degree from Kalamazoo College and his J.D. degree from the University of Kansas.

ANTHONY L. GOSSERAND is a partner in the law firm of King Hershey, where he practices in the areas of civil trial practice, appellate practice and real estate litigation. He has lectured to attorneys on litigation and trial practice issues. Mr. Gosserand earned his B.A. degree from the University of Missouri-Columbia and his J.D. degree from the University of Missouri-Kansas City. During his last two years of law school, Mr. Gosserand was a teaching assistant of legal writing and research. He is a member of The Missouri Bar, the Kansas Bar Association and the Kansas City Metropolitan Bar Association.

JULIE A. HAVERLY ANDERSON is a member of Wise & Anderson, LLC, where she concentrates her practice in debt collection, landlord tenant law, and creditor-related litigation. She is a member of The Missouri Bar and Kansas and Nebraska bar associations. She is admitted to practice law in Kansas, Missouri, Nebraska, the United States Eastern and Western District Courts of Missouri, the United States District Court of Kansas, and the United States Bankruptcy Courts in Kansas and Missouri. Ms. Haverly Anderson has been the speaker at continuing legal education classes sponsored by the Kansas Bar Association, The Missouri Bar and other organizations, as well as, being a guest speaker on Fox 4 News and 1510 AM Radio regarding landlord-tenant law, collections, foreclosures and related areas. She graduated from William Jewell College, magna cum laude, in 2000 and the University of Missouri-Columbia Law School in 2004.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com