Pre and Post-Foreclosure Due Diligence Checklist Online Webinar

Learn How To Properly Navigate Through The Process Or Even Hone Your Foreclosure Skills

Pre and Post-Foreclosure Due Diligence Checklist Online Webinar

Pay Upfront US$219
Get Info Pack

Learn How To Properly Navigate Through The Process Or Even Hone Your Foreclosure Skills

An asset manager working for a large lender or special servicer gets handed a file marked ‘DEFAULTED LOAN’ and they call you for help. They may not know your state’s laws or even where to begin. Mistakes can happen if the file is not handled the right way. Imagine you send a default letter to the wrong address because you failed to read the Notice provision in the mortgage and your entire case gets reversed for improper Notice, or that you foreclose on the wrong property because the legal description in your complaint was incorrect, or that you missed a large lienholder that you needed to name in your lawsuit. This topic will help you create a check list of items that cannot be missed. It will help you issue spot or even find lost money your client never knew existed. Foreclosing on a multi-million dollar asset can be costly if mistakes are made. Learn how to properly navigate through the process or even hone your foreclosure skills.

Learning Objectives

  • You will be able to review with your client on how to reach its goals, including finding lost money.
  • You will be able to discuss with the client in making the right decisions by weighing all options/risks.
  • You will be able to explain the difference between a judicial and non-judicial foreclosure.
  • You will be able to identify the risks involved in pursuing a claim, i.e. liens, environmental, taxes, etc.

Course Fast Facts:

  1. Learn everything you need to know about Pre and Post-Foreclosure Due Diligence Checklist
  2. Comprehensive agenda covering Pre and Post-Foreclosure Due Diligence Checklist
  3. Study along with simple instructions & demonstrations
  4. Written and developed by leading Pre and Post-Foreclosure instructors
  5. Certificate of completion
  6. Available in multiple formats where you can choose the best format for your needs

Available in :

  • Live Webinar : 90 Minute live streaming program
  • OnDemand Webinar : Archived webinar presentation with audio and slideshow including downloadable reference manual. Watch online anytime.
  • Audio & Reference Manual : PDF and MP3 files delivered on a USB flash drive. Listen and read on any compatible device.
  • MP3 Download : Audio recording of a webinar and reference manual delivered by download. Listen anytime on any compatible device.

Course Delivery

This program is available in several formats.Upon enrolment an automated welcome email will be sent to you (please check your junk email inbox if not received as this is an automated email), in order for you to access your online course

Recognition & Accreditation

All students who complete this course, receive a certificate of completion with a passing score (for the online assessment) and will be issued a certificate via email.

This course is being supplied by Lorman.

Pre-Foreclosure Plan

  • Know Your Client's Business Goal
  • Alternative Remedies
  • Considerations: Inspection, Title Review and Environmental Issues
  • Type of Property – Industrial, Commercial, Multi-Family
  • Pre-Negotiation Agreement

Loan Document Review

  • Tenants - SNDAs
  • Assignments
  • Inter-Creditor Agreement
  • Mezzanine Loan
  • Indemnity and Guaranty – Non-Recourse; Partial Recourse; and Full Recourse

Title and Other Issues Need Vetting

  • Legal Description
  • Liens
  • Real Estate Taxes
  • UCC
  • Condemnation

Election of Remedies

  • Judicial vs. Non-Judicial State
  • Notice of Default or Demand and Acceleration
  • Deed-In-Lieu
  • Receiver

Judicial Foreclosure

  • Necessary Parties as Defendants
  • Guaranty Claims
  • Timeline
  • Receiver

Post-Foreclosure Issues

Means to Obtain Title

  • Judicial vs. Non-Judicial
  • Sheriff or Receiver Sale
  • Confirmation of Sale and Termination of Receiver
  • Confirmation Hearing

Post Foreclosure Title Issues

  • Update Minutes of Foreclosure/Title Policy Insurance
  • Real Estate Taxes
  • Mechanics and Inchoate Liens
  • Need to Foreclose/Possess UCC Collateral

Operational Issues

  • Lease Obligations/Tenant Improvements
  • Enforcement of Lease Obligations
  • Management of Property
  • Miscellaneous Clean up

GENERAL REQUIREMENTS:

Entry Requirements
Students must have basic literacy and numeracy skills.

Minimum education
Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements
Students will need access to a computer and the internet.

Minimum specifications for the computer are:

Windows:
Microsoft Windows XP, or later
Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS:
OSX/iOS 6 or later
Modern and up to date Browser (Firefox, Chrome, Safari)

All systems
Internet bandwidth of 1Mb or faster
Flash player or a browser with HTML5 video capabilities (Currently Internet Explorer 9, Firefox, Chrome, Safari)

For LIVE WEBINARS:

Q: What is the webinar viewer?
A: Not every live webinar will have the webinar viewer. The webinar viewer is an online PowerPoint® presentation that the speaker will manipulate. You can access the webinar viewer through a link provided in your confirmation email. Again, Internet access is required.

Q: What is a live webinar?
A: A live webinar is a live training program in which the audio is streamed over the Internet or accessed over phone lines and the written materials are accessed via the Internet. Audio and video reception capabilities of your computer set-up is required.

Q: How do I access the live webinar?
A: Once you have registered for the live webinar, you will receive a confirmation email with a link and an individual PIN to stream the audio over the Internet and access the reference materials.

Q: How do I access the reference materials?
A: Your confirmation email includes a link to the reference materials for your live webinar. The reference materials are typically available for download a day or two before the live webinar.

For OnDemand WEBINARS:

Q: What is an OnDemand webinar?
A: OnDemand webinars are self-paced online programs that allow you to earn continuing education credit at your convenience. Each program includes a downloadable PDF reference manual. A PDF viewer is required.

Q: My OnDemand webinar is not functioning properly. What can I do?
A: Adobe Flash 9+ with Javascript enabled is needed to view the program.

Cara M. Houck

Cara M. Houck

Miller, Canfield, Paddock and Stone, P.L.C.

  • Senior Principal, Miller, Canfield, Paddock and Stone, P.L.C.
  • Litigation attorney specializing in commercial real estate workouts and foreclosures on behalf of lenders and special servicers throughout the Midwest
  • Works with a team of lawyers and paralegals handling billions of dollars in assets each year
  • Recognized by Marquis Who’s Who for Excellence in Law, Leading Lawyers of Illinois and Illinois’ Super Lawyers
  • Tried several lawsuits, conducted arbitrations and appeared before state and federal courts around the country
  • Experience in litigation and business background to find profitable ways of resolving her clients’ commercial real estate assets
  • Member of the American, Illinois and Chicago Bar Associations and a Board Member of the Chicago Bar Foundation
  • Conducts regular seminars and workshops on numerous commercial real estate foreclosure and work-outs for a list of speeches, see https://www.millercanfield.com/CaraHouck#publications-events
  • In addition to her law degree holds a master's degree in business administration from the Kellogg School of Management
About this Course

Learn How To Properly Navigate Through The Process Or Even Hone Your Foreclosure Skills

An asset manager working for a large lender or special servicer gets handed a file marked ‘DEFAULTED LOAN’ and they call you for help. They may not know your state’s laws or even where to begin. Mistakes can happen if the file is not handled the right way. Imagine you send a default letter to the wrong address because you failed to read the Notice provision in the mortgage and your entire case gets reversed for improper Notice, or that you foreclose on the wrong property because the legal description in your complaint was incorrect, or that you missed a large lienholder that you needed to name in your lawsuit. This topic will help you create a check list of items that cannot be missed. It will help you issue spot or even find lost money your client never knew existed. Foreclosing on a multi-million dollar asset can be costly if mistakes are made. Learn how to properly navigate through the process or even hone your foreclosure skills.

Learning Objectives

  • You will be able to review with your client on how to reach its goals, including finding lost money.
  • You will be able to discuss with the client in making the right decisions by weighing all options/risks.
  • You will be able to explain the difference between a judicial and non-judicial foreclosure.
  • You will be able to identify the risks involved in pursuing a claim, i.e. liens, environmental, taxes, etc.

Course Fast Facts:

  1. Learn everything you need to know about Pre and Post-Foreclosure Due Diligence Checklist
  2. Comprehensive agenda covering Pre and Post-Foreclosure Due Diligence Checklist
  3. Study along with simple instructions & demonstrations
  4. Written and developed by leading Pre and Post-Foreclosure instructors
  5. Certificate of completion
  6. Available in multiple formats where you can choose the best format for your needs

Available in :

  • Live Webinar : 90 Minute live streaming program
  • OnDemand Webinar : Archived webinar presentation with audio and slideshow including downloadable reference manual. Watch online anytime.
  • Audio & Reference Manual : PDF and MP3 files delivered on a USB flash drive. Listen and read on any compatible device.
  • MP3 Download : Audio recording of a webinar and reference manual delivered by download. Listen anytime on any compatible device.

Course Delivery

This program is available in several formats.Upon enrolment an automated welcome email will be sent to you (please check your junk email inbox if not received as this is an automated email), in order for you to access your online course

Recognition & Accreditation

All students who complete this course, receive a certificate of completion with a passing score (for the online assessment) and will be issued a certificate via email.

This course is being supplied by Lorman.

Pre-Foreclosure Plan

  • Know Your Client's Business Goal
  • Alternative Remedies
  • Considerations: Inspection, Title Review and Environmental Issues
  • Type of Property – Industrial, Commercial, Multi-Family
  • Pre-Negotiation Agreement

Loan Document Review

  • Tenants - SNDAs
  • Assignments
  • Inter-Creditor Agreement
  • Mezzanine Loan
  • Indemnity and Guaranty – Non-Recourse; Partial Recourse; and Full Recourse

Title and Other Issues Need Vetting

  • Legal Description
  • Liens
  • Real Estate Taxes
  • UCC
  • Condemnation

Election of Remedies

  • Judicial vs. Non-Judicial State
  • Notice of Default or Demand and Acceleration
  • Deed-In-Lieu
  • Receiver

Judicial Foreclosure

  • Necessary Parties as Defendants
  • Guaranty Claims
  • Timeline
  • Receiver

Post-Foreclosure Issues

Means to Obtain Title

  • Judicial vs. Non-Judicial
  • Sheriff or Receiver Sale
  • Confirmation of Sale and Termination of Receiver
  • Confirmation Hearing

Post Foreclosure Title Issues

  • Update Minutes of Foreclosure/Title Policy Insurance
  • Real Estate Taxes
  • Mechanics and Inchoate Liens
  • Need to Foreclose/Possess UCC Collateral

Operational Issues

  • Lease Obligations/Tenant Improvements
  • Enforcement of Lease Obligations
  • Management of Property
  • Miscellaneous Clean up

GENERAL REQUIREMENTS:

Entry Requirements
Students must have basic literacy and numeracy skills.

Minimum education
Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements
Students will need access to a computer and the internet.

Minimum specifications for the computer are:

Windows:
Microsoft Windows XP, or later
Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS:
OSX/iOS 6 or later
Modern and up to date Browser (Firefox, Chrome, Safari)

All systems
Internet bandwidth of 1Mb or faster
Flash player or a browser with HTML5 video capabilities (Currently Internet Explorer 9, Firefox, Chrome, Safari)

For LIVE WEBINARS:

Q: What is the webinar viewer?
A: Not every live webinar will have the webinar viewer. The webinar viewer is an online PowerPoint® presentation that the speaker will manipulate. You can access the webinar viewer through a link provided in your confirmation email. Again, Internet access is required.

Q: What is a live webinar?
A: A live webinar is a live training program in which the audio is streamed over the Internet or accessed over phone lines and the written materials are accessed via the Internet. Audio and video reception capabilities of your computer set-up is required.

Q: How do I access the live webinar?
A: Once you have registered for the live webinar, you will receive a confirmation email with a link and an individual PIN to stream the audio over the Internet and access the reference materials.

Q: How do I access the reference materials?
A: Your confirmation email includes a link to the reference materials for your live webinar. The reference materials are typically available for download a day or two before the live webinar.

For OnDemand WEBINARS:

Q: What is an OnDemand webinar?
A: OnDemand webinars are self-paced online programs that allow you to earn continuing education credit at your convenience. Each program includes a downloadable PDF reference manual. A PDF viewer is required.

Q: My OnDemand webinar is not functioning properly. What can I do?
A: Adobe Flash 9+ with Javascript enabled is needed to view the program.

Cara M. Houck

Cara M. Houck

Miller, Canfield, Paddock and Stone, P.L.C.

  • Senior Principal, Miller, Canfield, Paddock and Stone, P.L.C.
  • Litigation attorney specializing in commercial real estate workouts and foreclosures on behalf of lenders and special servicers throughout the Midwest
  • Works with a team of lawyers and paralegals handling billions of dollars in assets each year
  • Recognized by Marquis Who’s Who for Excellence in Law, Leading Lawyers of Illinois and Illinois’ Super Lawyers
  • Tried several lawsuits, conducted arbitrations and appeared before state and federal courts around the country
  • Experience in litigation and business background to find profitable ways of resolving her clients’ commercial real estate assets
  • Member of the American, Illinois and Chicago Bar Associations and a Board Member of the Chicago Bar Foundation
  • Conducts regular seminars and workshops on numerous commercial real estate foreclosure and work-outs for a list of speeches, see https://www.millercanfield.com/CaraHouck#publications-events
  • In addition to her law degree holds a master's degree in business administration from the Kellogg School of Management

We provide a 7 Day Money Back Refund on all Courses

Pay Upfront US$219
Delivery Method
Get Info Pack

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Course Summary

Course ID: 101LRPPFDDC
Delivery Mode: Online
Access: 90 days
Tutor Support: Yes
Time: 90 minutes
Qualification: Certificate

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