When foreclosure is looming, you not only need to understand all your client's options, you also need practical techniques for protecting your client's interests. Get the tools you need! This practical instruction begins with a detailed walk-through of the various loan workout options and the foreclosure process. Then take an in-depth look at how to handle the title, environmental and post-foreclosure issues commonly encountered when working with troubled assets. Take your skills to the next level. Order today!

1. The Foreclosure Process in Pennsylvania  
2. Workouts – The Various Tools in the Toolbox for Working Out Troubled Real Estate Loans 
3. Environmental Issues in the Foreclosure Process
4. Title Issues in the Foreclosure Process and Workout Context
5. Ethics
6. Post-Foreclosure Issues

The Foreclosure Process in Pennsylvania
9:00 - 10:00, Written and presented by Lois M. Vitti.

• Notice Requirements
• Foreclosure Hearing
• Foreclosure Sale
• The "Closing" With Third Party Bidders
• Deficiency

Workouts - The Various Tools in the Toolbox for Working Out Troubled Real Estate Loans
10:15 - 11:15, Written and presented by Lois M. Vitti.

• Pre-Negotiation
• Forbearance
• Deed in Lieu of Foreclosure
• Loan Modifications
• Discounted Payoffs

Environmental Issues in the Foreclosure Process
11:15 - 12:15, Written and presented by Lois M. Vitti.

• Environmental Conditions at Foreclosed Properties
• Assessment/Reassessment of Environmental Risk
• Liability Protection for Lenders

Title Issues in the Foreclosure Process and Workout Context
1:15 - 2:15, Written and presented by Michael E. Flaherty and Joseph V. Luvara.

• The Loan Policy
• Using the Title Commitment and Prior Title Information
• Title Aspects of Foreclosure Alternatives
• Title Issues During Foreclosure
• Parties Involved and Obtaining Jurisdiction
• Actions the Mortgage Holder can Take
• Post-Judgment Issues

Ethics
2:15 - 3:15, Written and presented by Michael E. Flaherty and Joseph V. Luvara.

• Conflicts of Interest
• Multiple Representation Issues
• Due Diligence and Duty to Disclose
• Attorneys' Fees

Post-Foreclosure Issues
3:30 -4:30, Written and presented by Michael E. Flaherty and Joseph V. Luvara.

• Eviction and Ejectment
• Eviction Procedures and Issues
• Ejectment Procedures and Issues
• Liability for Code Violations, Taxes, Homeowner Dues, Etc.
• Property Preservation Problems

MICHAEL E. FLAHERTY is a partner in the law firm of Flaherty Luvara Law Group L.L.C. He represents lenders and businesses in federal, state and bankruptcy courts and engages in complex workouts and restructurings. Mr. Flaherty has represented financial institutions and businesses in loan origination, documentation and enforcement for more than 20 years. In addition, he has extensive experience in commercial litigation, municipal finance, insurance and employment law. Mr. Flaherty has tried cases in federal court, bankruptcy court and in 18 Pennsylvania county courts and has successfully argued cases before Pennsylvania's Commonwealth, Superior and Supreme Courts. He counsels lenders, businesses and municipalities and has written articles and lectured on loan documentation, workouts, municipal and insurance law. Mr. Flaherty earned his B.A. degree from Boston College and his J.D. degree from Duquesne University School of Law.  

JOSEPH V. LUVARA is a partner in the law firm of Flaherty Luvara Law Group L.L.C. He focuses his practice in commercial law, real estate law, bankruptcy, and various estate and personal financial property issues such as securities litigation. Mr. Luvara earned his B.S. degrees from Marquette University and his J.D. degrees from both Duquesne University Law School and Western State University College of Law. He has nearly 25 years of experience and is admitted to practice in Pennsylvania and New Jersey, and before the U.S. District Court for the Western District of Pennsylvania, and the U.S. District Court for New Jersey, U.S. Tax Court and the U.S. Supreme Court.

LOIS M. VITTI is an attorney with Vitti & Vitti & Associates, PC. She has litigated bankruptcy, commercial, real estate, securities and subrogation matters at all stages of litigation including trials and appeals. Ms. Vitti also advises corporations, drafting corporate documents, litigation disputes and protecting intellectual property rights. Along with her commercial litigation practice, she has also litigated family matters, including financial and custody disputes of high net worth individuals. After 15 years of practice in New York, Ms. Vitti joined the Pittsburgh, Pennsylvania firm of Louis P. Vitti & Associates, PC. With a hand-on approach to all aspects of the daily management of the firm, she places a strong emphasis on performance, accountability and accessibility to clients. In addition to her previously stated extensive and diverse legal background, Ms. Vitti is knowledgeable in all areas of the mortgage banking and default servicing industry. She and the firm are award winning members of the USFN and ACBA. Ms. Vitti, along with other firm members, have acted as speakers and lecturers and served on countless panels and committees while participating in annual teaching seminars throughout the country. The firm has a 35 year reputation as one of the leading firms representing the default servicing industry. She earned her J.D. degree from Widener University School of Law in Wilmington, Delaware. Ms. Vitti is admitted to practice in all federal and state courts in New York, New Jersey and Pennsylvania.

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Phone: 866-240-1890

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