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OnDemand Course

Navigating Loan Workouts and Short Sales for Commercial and Residential Real Estate

While the effects of the Great Recession on real estate are hopefully receding, five-plus years of loan restructuring, foreclosure activity and short sales have taught us some lessons.

This on-demand webinar will review the latest trends in resolving troubled loans secured by real estate and provide an overview of strategies for the borrower and lender in resolving the nonperforming real estate loans that still exist. The program will explain the general methods of working out troubled loans and will delve in to specific issues in loan workouts based on recent cases, statues and enactments. Whether a seasoned veteran on the front lines of the real estate recession or a newcomer to world of real estate loan restructuring, this on-demand webinar will provide takeaways for any level of expertise. Learning Objectives: •You will be able to review forbearance agreements and loan modifications. •You will be able to explain short sales. •You will be able to identify title issues. •You will be able to discuss bankruptcy ramifications and bankruptcy remote entities.

86 minutes
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Loan Workout Methods and Means

  • Forbearance Agreements and Loan Modifications
  • Deeds in Lieu of Foreclosure
  • Consenting to Foreclosure
  • Short Sales

Specific Loan Workout Issues--Commercial

  • Securitized Loans, CMBS and Special Servicers
  • Guaranties and Recourse Debt
    • Guaranty CarveOuts
    • Guaranty Collectability
  • Title Issues
  • Lease and Income Issues
  • Bankruptcy Ramifications and Bankruptcy Remote Entities

Specific Loan Workout Issues--Residential

  • Loan Modification Programs
  • "Fannie" and "Freddie" Short Sale Requirements
  • Deficiencies in Residential Short Sales or Foreclosures
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on September 25, 2013.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Larry N. Woodard

Larry N. Woodard

K&L Gates LLP

  • Partner of real estate practice group of the Chicago office of Honigman LLP
  • Practice emphasis in all areas of real estate law, including commercial real estate transactions, real estate development, joint ventures, real estate-based lending, loan workouts, foreclosures, construction law and mechanics liens
  • Represents Fortune 500 companies, developers, regional and national banks, institutional investors, special servicers, higher education institutions, units of local government, REITs, contractors, landlords, tenants, receivers and real estate brokers
  • Noted speaker and writer on a variety of real estate topics
  • Completing acquisition, economic incentives, leasing and complete redevelopment of 1.6 million square food corporate headquarters
  • Recently completed one of the largest investments of Chinese capital in the country
  • Publishing a treatise on reciprocal easement agreements and vertical subdivisions
  • Adjunct professor of law, The John Marshall Law School
  • Member of the International Council of Shopping Centers and the American, Illinois State and Chicago Bar Associations
  • J.D. degree, LL.M. and B.S. degrees in real estate, University of Illinois and The John Marshall Law School
  • Can be contacted at 312-701-9331 or [email protected]
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 391124
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