HC109: Foreclosure Intervention
This course demonstrates how housing counselors and advocates can apply strategies and tools to efficiently, effectively, and successfully assist homeowners with their foreclosure intervention efforts. This course highlights how counselors can intervene and resolve homeowner defaults at almost any stage of the foreclosure process, understand and negotiate affordable and sustainable home retention options, and educate homeowners to avoid becoming a victim of a foreclosure scam.
This course will also provide tools for planning and conducting efficient investigations through interviews, document reviews, site visits and formal discovery processes. In addition, practical organizational tools will be provided in the session to aid in the case management process.
- Ability to determine where a homeowner is in the foreclosure process
- Discern the difference between loss mitigation and foreclosure intervention
- Understand how the Consumer Financial Protection Bureau rules apply to foreclosure interventions
- Effectively analyze and appeal unfavorable determinations
- Evaluate homeowners for relevant home retention options
- Effectively identify and report loan scams
- Understand how to utilize the Home Loan Portal tool