Foreclosing on Secured Collateral: What You Need to Know
1 hour 30 minutes
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.
• You will be able to discuss evaluating your strategic position.
• You will be able to identify real property, personal property, and mixed collateral.
• You will be able to explain conducting the foreclosure sale.
• You will be able to review reselling the property.