Description
Learn about the alternatives to foreclosures and how the CARES Act legislation has affected them.
This topic will focus on the process and procedures of mortgage foreclosure, specifically a judicial mortgage foreclosure. The material will discuss the differences between judicial and nonjudicial foreclosure. Learn what creditors faced during a foreclosure prior to the current COVID19 world. The main part of the topic will focus on what a creditor andor its counsel can expect moving forward in 2023. What will a postCOVID19 foreclosure world look like? What did moratoriums teach us about foreclosure litigation and what types of litigation can be expected? How long will a typical foreclosure take due to the expected court backlogs? What can creditors do to prepare, loss mitigation options to avoid a foreclosure?
Date: 2023-10-18 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to review judicial versus nonjudicial foreclosures.
* You will be able to discuss alternatives to foreclosure.
* You will be able to identify hurdles for creditors postCOVID 19 and the end of moratoriums.
* You will be able to explain what will change in 2023 and the future.