Total Credits: 1.3 CLE
Now, more than ever, there is pressure and oversight, both economical and governmental, for lenders to work with borrowers to avoid foreclosure. HUD guidelines require lenders to certify that they have exhausted loss mitigation options prior to foreclosure. Economically, lenders’ real estate owned (REO) property portfolios present significant holding and marketing costs. Therefore, lenders are loathe to own any more property than they must. A foreclosed REO property is no longer a performing loan, which is what lenders and loan servicers desire. Various levels of government, especially the federal government, have historically pressed lenders to utilize programs such as HAMP and other loss mitigation initiatives through Fannie Mae and Freddie Mac. As our industry witnessed during the recent COVID-19 pandemic, those efforts reached a new high, Beginning with foreclosure and eviction moratoria and essentially forced loan deferments and forbearances. This seminar will cover a few of the existing workout options.
| Tingle HO.pdf (4.6 MB) | 76 Pages | Available after Purchase |
| INSTRUCTIONS FOR COMPLETING SEMINAR AND RECEIVING CLE CREDIT2.docx (11.7 KB) | 1 Pages | Available after Purchase |
Jason graduated from the University of Alabama School of Law in 2003 and is a member of the Alabama and Mississippi State Bars. He is licensed to practice in both state and federal district courts as well as the 11th Circuit Court of Appeals. Prior to attending law school, Jason served his hometown community of Tuscaloosa, AL as a police officer and was a sniper on the department’s Special Response Team. He specializes in complex real estate litigation, foreclosure, ejectment, and probate matters and serves as Chief Legal Officer for Halliday, Watkins & Mann. He lives in Hoover with his wife of 22 years, Kim, and their two children. In his spare time, he enjoys spending time with his family and woodworking.
