Get tips for evaluating a lender's contractual and security positions and learn how to formulate and execute foreclosure plans.
Loan defaults remain significant and secured creditors continue to have to think about enforcing their rights through foreclosure of real and personal property collateral. This can be a complicated process that requires a good deal of planning in order to reach a successful outcome. This topic will help the people responsible for loan workout and enforcement, as well as their advisors, evaluate the lender's contractual and security positions and formulate and execute foreclosure plans for loans secured by both real and personal property. It will also touch on issues relating to resale of foreclosed property.
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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
Evaluating Your Strategic Position
- Borrower and Guarantor Evaluation
- Pre-Foreclosure Due Diligence
- Evaluating Your Legal Position
- How to Fix Holes in Your Strategic Position
Formulating a Foreclosure Plan
- Real Property, Personal Property, and Mixed Collateral
- Share Pledge vs. Security Interest in Assets
- Judicial vs. Nonjudicial
- Sale of Entire Business vs. Asset-by-Asset Sale
- Bidding Strategy
- Collecting Deficiencies
Conducting the Foreclosure Sale
- Pre-Foreclosure Provisional Remedies
- Hiring Professionals
- Commercial Reasonableness
- Credit Bidding
- Obtaining Possession of the Property
Reselling the Property
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Credit
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 October 27, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
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
William R. Wyatt
Sheppard, Mullin, Richter & Hampton LLP
- Partner in Sheppard, Mullin, Richter & Hampton LLP’s Menlo Park, CA office
- Represents lenders, agents, participants, and borrowers in documenting, restructuring, and enforcing commercial loan transactions secured by both real and personal property
- Has presented webinars on foreclosing on real and personal property collateral and on due diligence considerations for participation loans
- Member of the New York and California bars, and has practiced both in Sheppard Mullin’s New York and San Francisco offices
- Can be contacted at [email protected] or 650-815-2655
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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.
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