| Description:
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Oftentimes, borrowers encounter a temporary hardship that prevents them from making mortgage payments on a timely basis. When contacted by this borrower for assistance, a forbearance agreement may be the solution to their problem. This topic will provide insight to the person negotiating or drafting forbearance agreements on behalf of creditors as to what provisions should be included in forbearance agreements. This information is critical for creditors wishing to avoid loss of priority, statute of limitations issues and litigation, should the borrowers default after executing the forbearance agreement.Distinguishing Forbearance Agreements From Loan Modifications- Loan Modifications Are Permanent; Forbearance Agreements Are Temporary
- Forbearance Agreements as "Trial Modifications"
- When Are Consents From Subordinate Lien Holders or Guarantors Required?
- Clearing Title White Forbearance Agreement in Effect Prior to Entering Into a Loan Modification
Forbearance Agreements Can Be Entered Into Before or During Foreclosure Action CommencedForbearance Agreements Can Be Entered Into Before or During Foreclosure Action CommencedDual Tracking Prohibition Against Entering Judgment If Borrower Is Complying With Forbearance AgreementAcknowledgments- Ratification and Confirmation of Loan Documents
- Acknowledging Total Amount of Debt Including Interest, Late Charges and Legal Fees and Costs
- Acknowledging Debt and Expressing Intent to Pay
- Estoppel Certificates
Providing Remedies for Subsequent Default- Notice Requirements
- Proceeding Ex Parte
- Cancelling "Forgiveness" and Proceeding With Foreclosure
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This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below. |
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times and to share it with others in your office. Handout materials and the phone number for live presentations are made available to you prior to the event via email from the
presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions. |
| About The Provider: |
Lorman Education Services has provided educational seminars, webinars, and online training for professionals since 1987.
Since then, Lorman training courses kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly-changing marketplace of ideas. Like you, we understand the need for concise, accurate information.
That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations. Moreover, each Lorman Education course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
About Lorman Webinars
Lorman Education Services provide both live and on demand webinars, with most offering HRCI and SHRM re-certification credits. |
