Understand when a Deed in Lieu of foreclosure or Short Sale may be utilized to reduce the time and expense of litigation, even when subordinate liens exist.
The timeline for many residential foreclosures throughout the nation have been extended by many months and in some jurisdictions even years. Lenders and Mortgage Servicers do not always understand the manner in which Deeds in Lieu and Short Sales may reduce these timelines or eliminate the need for protracted litigation, entirely. This topic helps people employed by the Loss Mitigation Department of Lenders and Servicers to understand when a Deed in Lieu of foreclosure or Short Sale may be utilized to reduce the time and expense of litigation even when subordinate liens exist.
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Why Lorman?
Over 34 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
Deed in Lieu
- Benefits
- Qualification
- Default
Short Sale
- Benefits
- Qualification
- Default
Subordinate Liens
- Title Insurance
- Effect on Deed in Lieu
- Effect on Short Sale
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Why Lorman?
Over 34 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 Course
This course was last revised on September 28, 2018.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 34 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
Peter T. Roach, Esq.
Roach & Lin, P.C.
- Principal of Roach & Lin, P.C.
- Practices in all areas of mortgage default servicing, including foreclosure, loss mitigation, bankruptcy, litigation, evictions, and REO sales throughout the entire State of New York
- Lecturer for St. John’s University Continuing Legal Education Program, New York State Bar Association, Queens and Nassau County Bar Associations, Practicing Law Institute, Lorman Education Services, The Knowledge Group, and Marino Legal Continuing Legal Education
- Membership information: board of directors, St. John's University School of Law Alumni Association (member, 1988 to present; president 2002 to 2004); International Network of Boutique Law Firms (INBLF) (member, 2004 to 2016; president, New York Chapter, 2008 to 2011); New York State Bar Association; and vice president of Harmony Heights School (2000 to present)
- J.D. degree, St. John’s University – School of Law; B.A. degree, State University of New York at Binghamton
- Can be contacted at 516-938-3100 ext. 318 or [email protected]
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Why Lorman?
Over 34 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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