Lizeth GeorgeThe League of Southeastern Credit Unions & Affiliates (LSCU) is excited to bring you a Real Estate Foreclosure Compliance & Limitations webinar on September 20, 2021. This 90-minute webinar will explain the legal and compliance concerns starting with the decision to foreclose on the real estate and ending with holding the foreclosed real estate on the financial institution’s books. It will explore the proper steps required to handle a residential mortgage foreclosure and what can be done when the borrower files bankruptcy. This informative session is designed for staff involved in the real estate loan and collection process, including loan officers, workout officers, loan operations personnel, collectors, attorneys, compliance officers, and managers.
After this webinar you’ll be able to:
- Determine when a borrower becomes delinquent for purposes of foreclosure
- Understand the timing restrictions on mortgage foreclosures
- Explain when the lender must provide loss-mitigation options to the borrower
- Understand the rules to cover a “successor in interest,” including transfers caused by death, divorce, trust, or gift
- Identify who qualifies as a “successor in interest”
- Analyze which notices don’t violate the automatic stay in bankruptcy
- Determine the appropriate credit bid at the foreclosure sale
MEET THE PRESENTER
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Elizabeth Fast, JD & CPA Spencer Fane LLPElizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. |
