Keith Attlesey Esq., (Assured Lender Services), DeeAnn Gregory, (First American Trustee Servicing Solutions), Julie O. Molteni, Esq., (Quality Loan Service Corp.), and Randy Newman, Esq., (Total Lender Solutions) will lead a session entitled ‘Differences Between Residential and Commercial Pre-Foreclosure Preparation’ at the 43rd Annual Education Conference & Trade Show in Las Vegas, Nevada.
This session will address the liabilities and what you need for pre-foreclosure preparation as it relates to Residential and Commercial foreclosure – and highlight the differences. For nonjudicial commercial foreclosure, we’ll also address: what an Assignment of Rent is and how to enforce it; how to proceed if the Note is sold during the foreclosure process; and how to proceed when a partial reinstatement is received. For nonjudicial residential foreclosure, we’ll address reviewing the files from private/small lenders to verify they have complied with CFPB, the note and anything else required of them prior to starting the foreclosure as well as what the rules are in a balloon payment and why the loan is insured.