EL105: Module 5 – Foreclosure

Jun 22, 2021 10:00am -
Dec 31, 2021 11:59pm
(GMT-5)
On-line

Event Description

 

EL105: Module 5 - Foreclosure

This module has three sub modules. Module 5.1 covers the industry practices that cause foreclosures, the regulatory changes and legal settlements that have helped to shape our foreclosure response today. Participants are exposed to key foreclosure related documents, judicial and non-judicial foreclosures, and they will know how to evaluate financial situations to find the best option to avoid foreclosures. Module 5.2 provides information about programs for foreclosure prevention and the forms and requirements for a loss mitigation package. We discuss streamlined servicer processes that keep everyone accountable. We cover the process of evaluating client information to determine FHA and conventional loss mitigation, and how to do the math for surplus income. We also cover mortgage default scams and how to report them. Module 5.3 explains the costs and consequences of foreclosure, short sale, deed in lieu as well as the credit impact of these life decisions. We cover the transitioning process and foreclosure timeline and how it varies between loan types, as well as the action steps for recovery – budgeting, financial coaching, education and engagement.

 

If you have any questions feel free to contact training@ncrc.org


Event Type:Education
Category:Housing Counseling Training
Early registration ends on Jun 20, 2021.
Regular registration starts on Jun 21, 2021 and ends on Dec 30, 2021.
Late registration starts on Dec 31, 2021.
(GMT-05:00) Eastern Time (US & Canada)

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