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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 403613
 
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Pre and Post-Foreclosure Due Diligence Checklist

Live Webinar
June 6, 2018
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart

It is imperative for a lender to conduct a due diligence review of its file, the loan and the collateral as soon as possible.

When the decision is made to complete the foreclosure of real estate collateral, the lender could face many legal, practical and operational issues. If the lender did not have control of the asset or could not obtain up-to-date information on the property, the lender could face unwanted surprises in taking back the property. Any unknown issues confronted by the lender may in hindsight have affected the lender's decision to pursue the asset or its treatment of the borrower (or the guarantors). By implementing a pre-foreclosure plan and confirming the foreclosure process and condition of the asset through a post-foreclosure checklist, the lender can issue-spot, predict carrying costs and dilute or eliminate potential liability. This content will examine the potential issues that a lender confronts after foreclosing on its real estate collateral and provide a checklist to spot issues to address in an efficient and cost-effective manner.

Learning Objectives

  • You will be able to review the pre-foreclosure tasks to better handle the real estate to be owned.
  • You will be able to define the post-foreclosure issues important to the foreclosing entity.
  • You will be able to identify title and operational issues in foreclosing real estate to save time and money.
  • You will be able to recognize the risks in foreclosing to determine the best disposition of the real estate collateral.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart