Mortgage Foreclosure and Loan Collection

Duration: 90 Minutes
This webinar will discuss the mortgage foreclosure and loan collection process. Participants will learn about loan defaults, remedies and deficiency judgments. The instructor will discuss how to manage litigation costs, alternatives to foreclosure and the impact of bankruptcy on foreclosure.
Mortgage Foreclosure and Loan Collection
Instructor: Craig Taggart
Product ID: 501487
Objectives of the Presentation
  • The foreclosure process
  • Forbearance agreements - structure and important provisions
  • Loan modifications
  • Short sale procedures
  • Deeds-in-lieu of foreclosure
  • Rent attachment - cash management agreements
  • Receivership
  • Ethical considerations when dealing with distressed property
Why Should you Attend
This course is designed to assist banking professionals in understanding the civil litigation process as it relates to mortgage foreclosures, deficiency judgments, suits against borrowers and guarantors and other actions related to loan collection. Attendees will gain an understanding of our civil court system, how a case proceeds from start to finish, how to minimize delays in the process, the common defenses brought by borrowers and guarantors, how deficiency judgments are obtained and, more importantly, collected, the impact of bankruptcy on loan collection litigation and more! The focus is on commercial loans but bankers working with residential and consumer credits will also benefit as the majority of the concepts discussed are applicable there as well.

Areas Covered
  • Loan defaults and remedies
  • Analyzing the collateral lien position
  • Understanding the mortgage foreclosure process
  • Obtaining deficiency judgments
  • Collecting a money judgment
  • Managing litigation costs
  • Alternatives to foreclosure
  • The impact of bankruptcy on foreclosure
Who can Benefit
  • Mortgage lending
  • Mortgage brokers
  • Home buyers
  • Marketing
  • Compliance and audit teams
  • Special assets officers
  • Credit officers
  • Bankers involved in the collection process
Topic Background
The Home Affordable Mortgage Program, or HAMP, "will never have the reach necessary to put an appreciable dent into the foreclosure process" - partly because it's doing a poor job monitoring how lenders are handling troubled mortgages. When the HAMP was launched two years ago, the administration said it would keep between 3 million and 4 million homes out of foreclosure. But the oversight panel said it now seems likely that HAMP will prevent only 700,000 homes from going into foreclosure nationwide - a fraction of the 8 million to 13 million foreclosures expected by 2012. before the recent robo-signing controversy, the lack of clarity around the foreclosure process had only created fear, uncertainty and doubt among buyers, leaving them to wonder, when, if ever, the millions of homes that are either delinquent or in foreclosure will hit the market," said Foreclosure Radar founder Sean O'Toole. "Now issues related to robo-signing and other foreclosure and lending practices have led to call into question the validity of some foreclosures creating fear among buyers that the purchase of their home may later be deemed invalid."
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Craig Taggart has almost a decade of experience in the fields of mergers and acquisitions and business financing. Mr. Taggart works strategically with his clients to achieve the highest value for their business within the capital markets. His experience with BCC Capital Partners in the M&A industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients.

He has represented and sold many businesses in a number of different industries and has significant experience working with companies in: continuing education, transportation, software and professional services. Mr. Taggart is currently working in the clean energy sector that covers multiple initiatives within M&A and corporate development.

He is a certified merger and acquisition advisor, accredited valuation analyst as well as an active member of Alliance of Mergers and Acquisition, and The National Association of Certified Valuators and Analysts (NACVA). Mr. Taggart has been a certified fraud examiner since 2011 and has owned an investigative franchise business, which focused on fraud based cases involving insurance, asset searches, surveillance, witness statements.

He earned his MBA from the San Diego State University specializing in financial management. Mr. Taggart graduated from the California State University Northridge with a bachelor's degree majoring in organizational psychology.
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