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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 400976
 
Credit & Course Provided by:

Fundamentals of Forbearance Agreements

Live Webinar
October 25, 2017
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart

What are the critical actions and legal issues that a lender should consider when entering into a forbearance agreement?

Oftentimes, borrowers encounter a temporary hardship that prevents them from making mortgage payments on a timely basis. When contacted by this borrower for assistance, a forbearance agreement may be the solution to their problem. This topic will provide insight to the person negotiating or drafting forbearance agreements on behalf of creditors as to what provisions should be included in forbearance agreements. This topic is critical for creditors wishing to avoid loss of priority, Statute of Limitations issues and litigation, should the borrowers default after executing the forbearance agreement.

Learning Objectives

  • You will be able to define and distinguish between a loan modification and a forbearance agreement.
  • You will be able to discuss when a forbearance agreement should be entered into prior to a loan modification.
  • You will be able to review forbearance agreements to ensure they provide essential clauses.
  • You will be able to explain the procedures required to proceed with foreclosure after a default under a forbearance agreement.

Registration

Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart