Register Online - Add to Cart
Product ID: 388680EAU
Credit & Course Provided by:

Roles of HOAs in Foreclosures and Short Sales

OnDemand Webinar (89 minutes)

This OnDemand Webinar will address relevant legal issues and practical considerations related to the current housing market and increased rate of foreclosures and short sales. Discussion will include perspectives and tactics for protecting community associations' liens and collecting delinquent assessments from owners in foreclosure and short sale transactions. Refresh and garner an overview of concepts related to mortgage foreclosure, lien priorities and legal issues commonly related to creditor rights in loan defaults and assessment collection. Additional topics of discussion include liabilities, risks and protections for homeowners in foreclosure, tenants of properties subject to foreclosure and related federal laws passed in recent years in the wake of the current market conditions. Drawing on the experience of common legal issues arising from the higher volume of foreclosures in the real estate practice, gather effective and sensible tools to utilize for clients, community associations and families facing the realities of current market conditions.


Mark E. Lines, Shaw & Lines, LLC


Recent Housing and Economic Trends

Overview: Mortgages, Deeds of Trust and Foreclosure

• Judicial Foreclosure

• Trustee's Sales

• Deed in Lieu of Foreclosure

HOA Liens

• Automatic Lien

• Foreclosure Rights

• Lien Priorities

Short Sales

• Parties Involved in Sales Transaction

• Securing and Perfecting Lien Rights

• Negotiating Strategies and Considerations

• Title Insurance Claims

• Lien Releases

• Personal Liability (Partial Lien Releases)

Post-Foreclosure Issues

• Recourse and Nonrecourse Loans

• Deficiency Actions and Limitations

• Tenants and Leased Properties in Foreclosure

• Mortgage Debt Relief Act (Income Tax/Debt Cancellation)