Training Catalog: Course Description

	Course:	Managing Foreclosures Overview

	Description:
	This 2-hour webinar provides an overview on how to manage Freddie Mac's loans in the foreclosure process effective June 1, 2013 once the Designated Counsel Program is phased out. Designed for staff in your organization's foreclosure/bankruptcy area, this webinar will identify important dates associated with loans in foreclosure and your responsibilities regarding the borrower, the property and the mortgage during the foreclosure process.

	Prerequisites:
	This session is for employees of approved Freddie Mac Servicers only Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio) Course materials will be e-mailed to attendees prior to the start of the session

	Objectives:
	Improve your understanding of the foreclosure process so that you can manage your foreclosure timeline performance more effectively and reduce unnecessary delays.

	Topics:
	Timing for and initiation of foreclosure Selecting foreclosure counsel Monitoring the foreclosure process Monitoring state foreclosure time lines Obtaining the value to the property Preparing bidding instructions Preserving deficiency rights Determining whether to assess a compensatory fee Vesting title and avoiding transfer taxes Session times show Eastern Time zone