This 1-day workshop provides an overview of how to manage the foreclosure and bankruptcy processes with emphasis on managing foreclosure timelines. The workshop includes industry best practices for meeting Freddie Mac's requirements.
Prerequisites:
You must be an approved Freddie Mac Servicer to participate in this session.
Objectives:
Participants successfully completing this workshop will
Understand Freddie Mac requirements and guidelines
Learn industry Best Practices for managing foreclosures
Understand how to manage foreclosures more efficiently and shorten foreclosure timelines
Topics:
The foreclosure process
Managing the foreclosure timeline
Working with attorneys or trustees
Processing reinstatements
Completing the foreclosure, including expense reimbursement
Managing bankruptcies
Use of exercises and case studies to practice the managing foreclosures process
Managing Foreclosures and Adverse Matters