Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual

A Primer on New York Foreclosure & Collections: The Impact of the Current Economy

Learn the art of negotiation and litigation to address the frequent issues that arise, pitfalls to avoid, and common defenses to a foreclosure action in New York.

In nearly a decade, the 2007 sub-prime mortgage crisis continues to result in millions of home foreclosures throughout the United States. One out of every 1217 homes in New York are in some stage of foreclosure. Banks have thousands of non-performing loans, which are being referred to law firms to commence the foreclosure action. This topic will help the persons responsible for commencing or defending a foreclosure action understand the entire foreclosure process. This topic will also identify the affirmative defenses to the foreclosure action. This topic will discuss the participation in the mandatory settlement conferences in New York as well as the requirements that both parties are bound to in the negotiation process. With the strong understanding of the settlement conference process and the foreclosure process, as a whole, persons will learn the art of negotiation and litigation to address the frequent issues that arise, pitfalls to avoid, and common defenses to a foreclosure action in New York. The questions raised as a result of collections after death will also be discussed. Persons who represent family, heirs, executors, or administrators will benefit from this discussion on how to protect family members from being harassed by collection agencies after a loved one dies. Depending on the size of the estate and the type of debt, family members may not be required to pay the debt.

Runtime: 55 minutes
Purchase Options

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.

Agenda

NY Foreclosure Procedural Process

  • Pre-Foreclosure Notice Requirements
  • Foreclosure Filing Requirements
  • Foreclosure Action Commenced
  • Foreclosure Sale Notice and Service Requirements

Mandatory Foreclosure Settlement Conference

  • Purpose
  • Negotiate in Good Faith
  • Case Law

Common Defenses to Foreclosure Process

  • Standing - Holder and Owner of Note and Mortgage
  • Lack of Personal Jurisdiction
  • Statute of Limitations
  • Failure to Comply With RPAPL 1302
  • Failure to Comply With Contractual Notice Requirement
  • Failure to Comply With RPAPL 1303, 1304 and 1306
  • Failure to Comply With NY's Banking Law
  • Plaintiff Improperly Commenced Action
  • Plaintiff Commenced Action in Violation of HAMP Guidelines

Collections After Death

  • Will or No Will?
  • What Is the Debt?
  • FDCPA
Purchase Options

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 course was last revised on July 27, 2016.

Call 1-866-352-9540 for further credit information.

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

Audio & Reference Manual

  • NY CLE 1.0 including Areas of Professional Practice 1
     
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 does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

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

Wendy Marie Weathers, Esq.

Wendy Marie Weathers, Esq.

Cabanillas & Associates, P.C.

  • Senior managing attorney in charge of the litigation, consumer bankruptcy and real estate departments of Cabanillas & Associates, P.C.
  • Represents both institutional lenders and borrowers in all aspects of the mortgage banking industry and residential foreclosures for more than 18 years
  • Frequent speaker and has written numerous publications
  • Instructor by NYS to conduct training and continuing education to real estate professionals
  • J.D. degree, City University of New York Law School at Queens College; B.A. degree, State University of New York at Stony Brook
  • Can be contacted at 914-418-2018 or [email protected]
Purchase Options

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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 397383
Published 2016
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!