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Foreclosing on Secured Collateral: What You Need to Know

Loan defaults remain significant and secured creditors continue to have to think about enforcing their rights through foreclosure of real and personal property collateral. This can be a complicated process that requires a good deal of planning in order to reach a successful outcome. This on-demand webinar will help the people responsible for loan workout and enforcement, as well as their advisors, evaluate the lender's contractual and security positions and formulate and execute foreclosure plans for loans secured by both real and personal property. It will also touch on issues relating to resale of foreclosed property.

Learning Objectives:

  • You will be able to discuss evaluating your strategic position.
  • You will be able to identify real property, personal property and mixed collateral.
  • You will be able to explain conducting the foreclosure sale.
  • You will be able to discuss reselling the property.

Runtime: 92 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Evaluating Your Strategic Position

  • Borrower and Guarantor Evaluation
  • Pre-Foreclosure Due Diligence
  • Evaluating Your Legal Position
  • How to Fix Holes in Your Strategic Position

Formulating a Foreclosure Plan

  • Real Property, Personal Property and Mixed Collateral
  • Share Pledge vs. Security Interest in Assets
  • Judicial vs. Nonjudicial
  • Sale of Entire Business vs. Asset by Asset Sale
  • Bidding Strategy
  • Collecting Deficiencies

Conducting the Foreclosure Sale

  • Pre-Foreclosure Provisional Remedies
  • Hiring Professionals
  • Commercial Reasonableness
  • Credit Bidding
  • Obtaining Possession of the Property

Reselling the Property

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

William R. Wyatt

William R. Wyatt

Sheppard, Mullin, Richter & Hampton LLP

  • Partner in the law firm of Sheppard, Mullin, Richter & Hampton LLP in New York City
  • Practices in financial transactions, both documenting new transactions, and working out and enforcing defaulted transactions
  • Represented both institutional lenders and borrowers for more than 25 years
  • Admitted in California and New York
  • J.D. degree, Stanford Law School
  • Can be contacted at 212-634-3020 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 392233
Published 2013, 2018
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