This comprehensive procedural orientation to the foreclosure process and alternatives to foreclosure is a new practitioner's dream come true. Expert faculty identify all of the options available for loan defaults and guide you through their mechanics – from forbearance agreements and loan modifications to short sales and the foreclosure process itself. Get the most bang for your buck - order today!

1. The Foreclosure Process
2. Forbearance Agreements – Structure and Important Provisions
3. Loan Modifications
4. Short Sale Procedures
5. Deeds-in-Lieu of Foreclosure
6. Rent Attachment – Cash Management Agreements
7. Receivership
8. Lender Liability Issues
9. Ethical Considerations When Dealing With Distressed Property

Continuing Education Credits:   

Continuing Legal Education

Credit Hrs    State    Credit Approval Expiration

* denotes specialty credits

1. The Foreclosure Process
   9:00 - 9:45, Written by Vladimir Palma.
   Presented by Vladimir Palma in Princeton and Cherry Hill.
   1. Curing Title Problems Prior to Commencing the Action
   2. Foreclosure Timeline
   3. Demand Letter
   4. The Foreclosure Action – Lis Pendens, Parties Named, Summons, Complaint
   5. Foreclosure/Sheriff's Sale – Notice Requirements, Bidding Process, Closing, Etc.
   6. Pursuit of Guarantors
      1. Before Foreclosure Sale?
      2. Checking Percentage Guarantees
   7. Deficiency Judgment Issues
2. Forbearance Agreements – Structure and Important Provisions
   9:45 - 10:30, Written by Vladimir Palma.
   Presented by Vladimir Palma in Princeton and Cherry Hill.
   1. Forbearance Agreement Overview and Variations
   2. Review of Existing Loan Documentation
   3. Debtor Provisions – What the Debtor Wants to Avoid
   4. Creditor Provisions – What the Creditor Wants to Include
3. Loan Modifications
   10:45 - 11:30, Written by Vladimir Palma.
   Presented by Vladimir Palma in Princeton and Cherry Hill.
   1. Programs and Incentives Available
   2. Submitting a Loan Modification Request
   3. Handling Your Client's Case
   4. Negotiating the Best Possible Loan Modification
4. Short Sale Procedures
   11:30 - 12:00, Written by Thomas P. Wild.
   Presented by Thomas P. Wild in Princeton and Stephen M. Packman in Cherry Hill.
   1. What is a Short Sale and When can it be Done?
   2. Benefits of Short Sales
   3. Parties Involved
   4. Navigating the Process
   5. Short Sale Request
   6. Short Sale Package – Review of Documents Included
   7. Implications of a Short Sale
5. Deeds-in-Lieu of Foreclosure
   1:00 - 1:15, Written by Thomas P. Wild.
   Presented by Thomas P. Wild in Princeton and Stephen M. Packman in Cherry Hill.
   1. What is a Deed-in-Lieu and When Should You use It?
   2. Liabilities Associated With Deeds-in-Lieu
   3. Junior Liens and Non-Merger Provisions
6. Rent Attachment – Cash Management Agreements
   1:15 - 1:45, Written by Stephen McNally.
   Presented by Robert W. Keddie III and Philip M. Colicchio in Princeton and Stephen McNally in Cherry Hill.
   1. Advantages and Disadvantages
   2. Interference of a Contract
   3. Collection
7. Receivership
   1:45 - 2:30, Written by Stephen McNally.
   Presented by Robert W. Keddie III and Philip M. Colicchio in Princeton and Stephen McNally in Cherry Hill.
   1. Types of Receivers (and Reasons to Appoint Them)
   2. Rights Involved in Appointing a Receiver
   3. Procedures for Appointing a Receiver
   4. Interplay of Bankruptcy
   5. Title Insurance Considerations
   6. Receiver Sale – What You Need to Know
8. Lender Liability Issues
   2:45 - 3:30, Written by Stephen McNally.
   Presented by Robert W. Keddie III and Philip M. Colicchio in Princeton and Stephen McNally in Cherry Hill.
   1. Circumstances With the Most Risk of Lender Liability
   2. Breach of Oral Agreement
   3. Breach of Contract
   4. Breach of Obligation of Good Faith and Fair Dealing
   5. Fraud
   6. Negligent Misrepresentation
   7. Best Practices for Avoiding Lender Liability
9. Ethical Considerations When Dealing With Distressed Property
   3:30 - 4:30, Written by Sheila Raftery Wiggins.
   Presented by Robert W. Keddie III and Philip M. Colicchio in Princeton and Sheila Raftery Wiggins in Cherry Hill.
   1. Client-Lawyer Relationship – Scope of Representation
   2. Conflicts of Interest
   3. Lender Liability Issues
   4. Mortgage Foreclosure Defense
   5. Attorneys' Fees and Expenses

PHILIP M. COLICCHIO is a founding partner of Taylor Colicchio & Silverman LLP, where his main areas of practice include business counseling and litigation; national and international restaurant and hospitality development and consulting; private REIT investment; commercial and multi-family real estate; commercial litigation and debt restructuring; and employment and insurance related litigation. Prior to joining the firm, Mr. Colicchio served as senior counsel to the Federal Home Loan Mortgage Corporation. He is admitted to practice in New York; New Jersey; Pennsylvania; the U.S. Court of Appeals, 2nd Circuit; the U.S. District Court, Eastern and Southern Districts of New York; the U.S. District Court District of New Jersey; and the U.S. District Court, Eastern, Middle, and Western District of Pennsylvania. Mr. Colicchio is a member of the Pennsylvania, New Jersey State, New York State, and American bar associations. He also is a member of the International Counsel of Shopping Centers, the National Association of Real Estate Investment Trusts, the Mortgage Bankers Associations of both New Jersey and America, the New Jersey Apartment Owner Association, and the American Association of Homes and Services for the Aging. Mr. Colicchio earned his undergraduate degree, magna cum laude, from Seton Hall University and his J.D. degree from Villanova University School of Law. (Princeton location)

ROBERT W. KEDDIE III is an attorney with the Taylor Colicchio & Silverman LLP, where he focuses his practice on commercial law, financial law, real estate and construction. He is admitted to practice in the Commonwealth of Pennsylvania, the State of New Jersey, the U.S. District Court for the District of New Jersey, the U.S. District Court for the Eastern District of Pennsylvania, and the U.S. Court of Appeals for the 3rd Circuit. Mr. Keddie earned his undergraduate degree from Millersville University of Pennsylvania and his J.D. degree from New York Law School. He is a member of the Pennsylvania, New Jersey State, and New York State bar associations. (Princeton location)

STEPHEN MCNALLY is a member of the Cherry Hill law firm of Chiumento McNally, LLC, where his practice is devoted to real estate, bankruptcy, foreclosure and commercial transactions. Mr. McNally earned his B.S. degree, cum laude, from St. Joseph's University and his J.D. degree from Temple University. He was a guest speaker for the Bucks County Community College on negotiable instruments and has spoken on real estate and bankruptcy to various business and professional groups. Mr. McNally is a member of the Camden (member, Debtor/Creditor Relations Committee) and New Jersey State (member, Real Property and Trust Committee) bar associations. (Cherry Hill location)

STEPHEN M. PACKMAN is the chairman of the debtor/creditor group of Archer & Greiner, P.C., where his practice areas include bankruptcy, debtor and creditors' rights, commercial litigation, and international law. Mr. Packman is a member of the New Jersey State, Pennsylvania and New York State bar associations. He earned his B.A. degree from the University of Michigan and his J.D. degree from Temple University School of Law. (Cherry Hill location)

VLADIMIR PALMA is a partner and head of the litigation department of the New Jersey office of Phelan Hallinan & Schmieg, P.C., where he concentrates his practice in all areas of foreclosure, default servicing and related litigation and appellate matters, representing all major national lenders. Prior to joining Phelan Hallinan & Schmieg, P.C. in 2002, he worked as a public defender in Chicago, Illinois. Mr. Palma is a member of the Pennsylvania, New Jersey State and Illinois State bar associations. He earned his B.A. degree in history from the University of Illinois, and his J.D. degree from IIT-Chicago Kent College of Law. (Princeton and Cherry Hill locations)

SHEILA RAFTERY WIGGINS is a partner with Duane Morris LLP, where her areas of practice include commercial litigation, employment law defense and internal investigations, bankruptcy litigation, trade secret and restrictive covenant litigation, and attorney ethics. She earned her B.A. degree from Binghamton University and her J.D. degree from Temple University School of Law. (Cherry Hill location)

THOMAS P. WILD is an attorney with Taylor Colicchio & Silverman LLP, where his areas of practice are banking and finance law, business organizations, and real estate law. He is admitted to practice in Pennsylvania and New Jersey. Mr. Wild earned his B.S. degree from Temple University School of Pharmacy and his J.D. degree from Temple University School of Law. He is a member of the New Jersey State (member, Business Law Section) and Pennsylvania bar associations. (Princeton location)

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