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California Foreclosure and Repossession Compliance

Learn the necessary procedures and avoid liability when dealing with commercial foreclosures and repossessions in California.

Most states have unique lien laws for personal and real property liens, and both lenders and borrowers should have an understanding of the applicable laws so as to prepare an action plan prior to serious loan problems arising. In addition to having different laws, local courts also impose special rules of procedure and evidence that are essential to understand before parties consider pursuing foreclosure remedies. This topic helps the persons who represent lenders and borrowers to understand both the legal and regulatory hurdles that they will face, but also to understand the approaches that most lenders prefer and how they approach remedies in order to both underwrite secured loans and also to pursue remedies when a default arises under a loan. The content also explains additional methods employed by lenders to bolster their credit to anticipate and address potential risks based on the various different laws which require the pursuit of remedies. Failing to have a proper understanding of these issues puts both lenders and borrowers at disadvantages because they will be chasing the other party who may be more prepared and always will be in a defensive posture when there are things that each party to a loan can be doing to assume some control over the complicated process. This information is critical for lenders and borrowers so they can be ahead of issues and can best anticipate problems and have plans to address such matters if and when they might arise.

Runtime: 58 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

Different Methods of Foreclosure and the Traps Within the Process for Each

Traps in Certain States About Election Remedies and Procedures

Items Necessary for Preparation for Any Foreclosure

Explanation of Nonjudicial vs. Judicial Foreclosures

Common Concerns and Ways of Addressing Them

Legal Differences That Affect Decisions as to Remedies to Be Selected

Alternative Protections Beyond Liens and Real Property Remedies, Including Use of Receivers

Methods of Pursuing Alternative Remedies While Either Combined With Foreclosure or Separate From Such Actions

Focus on Trends for Protections Such as Unique Guaranties, Cash Management Tools, Reserves and Other Options

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

Audio & Reference Manual

This program 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

Ren R. Hayhurst

Ren R. Hayhurst

Bryan Cave LLP

  • Partner in the Irvine office of Bryan Cave LLP
  • Practice focuses on all aspects of lender representation, including real estate and commercial loan documentation, real estate loan workouts and foreclosure, receivership and loan/guaranty enforcement litigation
  • Negotiated and documented standard and revolving line of credit loans for the acquisition, development and construction of regional shopping centers, retail power centers, office properties, single family and multi-family residential housing projects, industrial buildings and warehouses, cogeneration facility financing, and mixed collateral for commercial bankers
  • Has documented and closed loans involving real property security in every state in the country; he also has negotiated and documented real estate syndication/participation loans and REMIC conduit loan packages
  • Has a vigorous real estate practice on the lenderís side, and also routinely advises clients on the developerís side, having negotiated and documented real estate purchase and sale transactions involving shopping center, industrial building and hotel projects
  • Was a trial attorney for the first nine years of his professional life and has represented lenders and borrowers in litigation matters concerning the enforcement of secured and unsecured loan transactions
  • Recently has been heavily involved in negotiating and documenting a wide variety of real estate workout transactions, both pre-bankruptcy and following the filing of a bankruptcy petition
  • Teaching for the past 4 years graduate classes on Alternative Dispute Resolution, FCPA, and Corporate Responsibility at the UC Irvine campus as part of joint certificate program between the law school and the graduate business program
  • J.D. degree, Order of the Coif, University of Utah; B.S. degree, magna cum laude, University of Utah
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Product ID: 397382
Published 2016
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