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 33 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
Credit
More Program Information
Why Lorman?
Over 33 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.
- CA MCLE 1.5
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- WA CLE 1.5
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 33 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 at Roach & Lin, P.C. in Syosset, New York
- Practices in all areas of mortgage default servicing, including forclosure, loss mitigation, bankruptcy, litigation, evictions and REO sales throughout the entire state of New York
- Served as an Adjunct Professor of Law at St. John’s University School of Law, teaching a variety of courses including real estate finance, real estate drafting, and title insurance
- Member of numerous professional and civic organizations
- Frequent speaker and has written numerous publications
- 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 33 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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