Short Sales QuickBite
Tuesday, March 26
In Your Credit Union
Online registration is closed.
One of the keys to fixing real property-secured loans in this economy -- is having the correct tools.
Ten years ago handling "short sale" requests was easy. "No." But in this economy the answer takes more thought. And while some specific rules may vary from state to state, there are a number of factors all creditors should consider before coming to a decision about whether to accept or reject a short sale.
During this program, participants will learn the following:
What a "short sale" is and how it works
What effect a short sale has on the credit union's right to collect any unpaid balance
Advantages and disadvantages of accepting a short sale
What factors you should consider before accepting or rejecting a short sale offer
When you should be the one to suggest a short sale
Ways to improve the amount you receive through a short sale
Speaker: Eric North is an attorney with the law firm of Moore Brewer Wolfe Jones Tyler & North, and has represented the interests of credit unions with respect to collections, bankruptcy, compliance and litigation matters for more than 25 years. Prior to becoming an attorney, Eric managed consumer lending institutions in California. In addition to practicing law, Eric works with credit union leagues and associations throughout the country each year to provide training for credit union professionals and their attorneys with respect to laws relating to a variety of issues, including collections and bankruptcy.
Over $75 million - $109 per telephone connection
$7-$75 million - $89 per telephone connection
Under $7 million - $59 per telephone connection
An audio archive is available at no additional charge and can be accessed for 60 days after the live session. Instructions on accessing the archive will be sent with your connecting instructions and confirmation.
Sorry, no cancellations are allowed after connecting instructions and handout materials have been sent to registrants. Substitutions are welcomed and encouraged.
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