This OnDemand Webinar will address relevant legal issues and practical considerations related to the current housing market and increased rate of foreclosures and short sales.
Discussion will include perspectives and tactics for protecting community associations' liens and collecting delinquent assessments from owners in foreclosure and short sale transactions. Refresh and garner an overview of concepts related to mortgage foreclosure, lien priorities and legal issues commonly related to creditor rights in loan defaults and assessment collection. Additional topics of discussion include liabilities, risks and protections for homeowners in foreclosure, tenants of properties subject to foreclosure and related federal laws passed in recent years in the wake of the current market conditions. Drawing on the experience of common legal issues arising from the higher volume of foreclosures in the real estate practice, gather effective and sensible tools to utilize for clients, community associations and families facing the realities of current market conditions.
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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
Recent Housing and Economic Trends
Overview: Mortgages, Deeds of Trust and Foreclosure
- Judicial Foreclosure
- Trustee's Sales
- Deed in Lieu of Foreclosure
HOA Liens
- Automatic Lien
- Foreclosure Rights
- Lien Priorities
Short Sales
- Parties Involved in Sales Transaction
- Securing and Perfecting Lien Rights
- Negotiating Strategies and Considerations
- Title Insurance Claims
- Lien Releases
- Personal Liability (Partial Lien Releases)
Post-Foreclosure Issues
- Recourse and Nonrecourse Loans
- Deficiency Actions and Limitations
- Tenants and Leased Properties in Foreclosure
- Mortgage Debt Relief Act (Income Tax/Debt Cancellation)
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More Program Information
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 March 14, 2012.
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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More Program Information
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
Mark E. Lines
Shaw & Lines, LLC
- Partner of Shaw & Lines, LLC, a firm that devotes its practice to community association law, real estate law and commercial litigation
- Practice includes all aspects of community association law, including assessment collection, lien foreclosure, litigation, insurance defense, property taxation and valuation issues, document interpretation and general corporate law
- Represents planned communities, condominiums, office condos and timeshare clients throughout Arizona
- Member of the College of Community Association Lawyers, selected to be recognized for excellence in the practice of community association law as one of less-than 150 fellow college members of the thousands of attorneys practicing community association law in the United States
- Instructs courses regarding HOA law and foreclosure at the Arizona School of Real Estate and Business for licensure and continuing education for real estate professionals with the Arizona Department of Real Estate
- Awarded “Instructor of the Year,” 2008/2009, by The Leadership Centre, a community advocacy and educational organization serving Arizona community associations
- Recognized as one of “Arizona’s Finest Layers,” honoring selected Arizona attorneys demonstrating a record of high achievement, excellent legal skills and reputation for integrity
- Member of the Amicus Review Committee for Community Association Institute’s national organization
- Contributing writer of educational materials and instructor of educational seminars for Lorman Education Services, National Constitution Center, Maricopa County Bar Association, Community Associations Institute (nationally and locally), and local a community advocacy organizations
- Presented televised educational seminars and public workshops relating to foreclosure issues resulting from turns in the economy and housing market
- Contributing writer of course work materials utilized in instructing community association managers for professional certification with the Arizona Association of Community Managers, a professional organization aiming to raise the standards for professional community management
- J.D. degree, Arizona State University
- B.A. degree, Arizona State University
- Can be contacted at [email protected]
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More Program Information
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.
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