The Foreclosure Maze: What’s Your Strategy?

April 24, 2013 at 11:00am12:00pm

Foreclosures are an unpleasant aspect of lending. Given the increased number of foreclosures in a slow economic recovery, along with government scrutiny and media attention given to the subject, some common-sense (and legal) strategies may be needed to prevent more headaches for bank executives holding bad inventory.

Dinsmore attorney Toby Schisler presented a practical look at the foreclosure maze and what lenders can do to reduce liability as well as maintain a positive reputation with customers.

In this complimentary, 60-minute webinar, Toby discussed: 

  • Title issues
  • Appointing receivers 
  • Sheriff vs. Receiver sales 
  • How lenders can avoid being seen as a “mortgagee in possession” 
  • Best practices to help lenders avoid the landmines (that can trigger a potential lawsuit) during a foreclosure proceeding 
  • Effective use of mediation and other devices to quickly and efficiently resolve foreclosure proceedings 
  • Pursuing guaranty liability, including carve-out guarantors 
  • How to handle the situation of a single loan secured by real estate located in multiple jurisdictions