TrainBanking

Mortgage Foreclosure and Loan Collection

This webinar will discuss the mortgage foreclosure and loan collection process. Participants will learn about the 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.

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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.

Learning Objectives:
  • 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
Areas Covered in the Webinar:
  • 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 Will Benefit:
  • Mortgage lending
  • Mortgage brokers
  • Home buyers
  • Marketing
  • Compliance and audit teams
  • Special assets officers
  • Credit officers
  • Bankers involved in the collection process
Instructor Profile:
Craig M Taggart Craig M Taggart

Managing Director, BCC Capital Partners

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). His knowledge and expertise also extends to systems such as: Software as a Service (SaaS), and ERP and CRM systems (Netsuite, Salesforce, Sage 100, 500, X3 ERP). Mr. Taggart has been a certified fraud examiner since 2011 and has previously worked at Deloitte with their quality risk management team.

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.

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 some to call into question the validity of some foreclosures creating fear among buyers that the purchase of their home may later be deemed invalid."

Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. TrainBanking would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@trainbanking.com call +1-888-771-6965 (Toll Free).

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