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: End Time:
Learning Objectives
Judicial vs. Nonjudicial Foreclosures
• What Is the Difference?
• Which States Are Judicial?
• Typical Judicial Foreclosure Process and Timeframe
Alternatives to Foreclosure
• Loss Mitigation
• Forbearances – Cares Act
• Loan Modifications
• Short Sales
• Deed in Lieu of Foreclosures
Hurdles for Creditors Post- COVID-19 and the End of the Moratoriums
• Litigation
• Court Ordered Conciliations
What Will Change in 2023 and in the Future?
• How Have Courts Dealt With the Lifting of the Moratoriums?
• What Does That Mean for Creditors?
• Additional Obstacles
• Litigation
• Court Backlog
• Loss Mitigation Overwhelmed
• Bankruptcy
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Nicole Mariani Noel-Kass Shuler, P.A., Laura E. Noyes – Kass Shuler, P.A.
