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!

• Effects to Lenders When Bankruptcy Is Filed
• Home Retention Techniques
• Home Discharge Options
• Business Ethics
• Future Trends and Expectations in the Mortgage and Foreclosure Industry
  

Effects to Lenders When Bankruptcy Is Filed
9:00 - 10:00, Timothy V. Anderson

• Overview of the Automatic Stay – 11 USC 362 to include multi-filing debtors
• Debtors as Owners and Debtors as Borrowers
• Equitable Interest vs. Title Interest
• Reorganization Under Chapter 13
• Liquidation in Chapter 7
• Motions for Relief from the Automatic Stay and Attorney Costs
• Filing of Proof of Claims and Objection to Confirmations

Home Retention Techniques
10:00 - 10:45 and 11:00 - 12:00, Laura D. Harris
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.

• Sorting out the Roles of the Parties
• Servicer
• Investor
• Trustee
• Government oversight
• Foreclosure Rescue Scams
• Forbearance Agreements
  • Qualifications
  • With Payments
  • Without Payments
  • Plan for When Forbearance Period Ends
• Reinstatement
• Emergency Homeowner Loan Program
• Qualification
• Repayment
• Loan Modifications
• HAMP
• Current Mortgage Modification Policies
• Types of Modifications
• HUD Partial Claim
  • Requirements to Qualify
  • Application Process
  • Terms of the Claim
• Where to seek additional information and assistance
• Housing and Financial Counseling for Borrowers
• Government and Community Resources

Home Discharge Options
1:00 - 2:45, Richard A. Knee
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 Voluntarily
  • 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

Business Ethics
3:00 - 4:00, Jerry Mack Douglas Jr.

• 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
4:00 - 4:30, Timothy V. Anderson, Jerry Mack Douglas Jr., Laura D. Harris and Richard A. Knee
This portion of the day involves 30 minutes of discussion regarding where the industry is headed in the next year.

TIMOTHY V. ANDERSON is principal of Anderson & Associates. His primary areas of practice are Bankruptcy, Criminal/Traffic Defense, Intellectual Property and Estate Planning. Mr. Anderson holds a B.S. degree from the University of Tampa and a J.D. degree from Regent University. He is licensed to practice in Virginia, the District of Columbia, and Missouri, as well as many federal courts including the United States Supreme Court.

JERRY MACK DOUGLAS Jr. is a sole practitioner in Virginia Beach, where his legal practice almost exclusively involves real estate transactions and litigation. Mr. Douglas is a former adjunct professor of law at Regent University and Tidewater Community College, where he taught courses in real estate law. He earned his A.A. degree from Richard Bland College, his B.A. degree from the College of William & Mary and his J.D. degree from Marshall-Wythe School of Law. He is a member of the Virginia Bar Association and is licensed to practice in the United States Court of Federal Claims.

LAURA D. HARRIS is an attorney for Samuel I. White, P.C., where she actively practices in Virginia, Maryland and the District of Columbia in the areas of foreclosure, creditors' rights, and loss mitigation. She earned her B.S. degree from Western Oregon State College (now Western Oregon University) and her J.D. degree, with honors, from George Washington University.

RICHARD A. KNEE is a partner in the firm of Glasser and Glasser, P.L.C., where he is the supervising attorney for the Foreclosure Department. He is admitted to practice in Virginia and Texas. He focuses his practice in the areas of foreclosure, creditors' rights and maritime liens. Mr. Knee earned his B.S. degree, with honors, from the United States Coast Guard Academy and his J.D. degree from the University of Houston. He is a member of the State Bar of Texas, the Virginia State Bar, and the Norfolk-Portsmouth Bar Association.

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