DISTRESSED PROPERTY DAY (Certificates of Title & REOs) - Miami
Wednesday, February 19, 2014 from 9:00 AM to 4:00 PM (EST)
Two 3-hour seminars will be presented live during one day. Lunch is included for full day registrations.
Certificates of Title: The Good, the Bad & the Ugly (9:00 to 12:00) - The judicial foreclosure of a lien, when accompanied by the issuance of a certificate of title, results in the creation of a new, independent source of title to real property. The effectiveness of this title in eliminating prior interests is dependent upon the manner in which the suit was conducted and by the common and statutory law incident to the action. In addition, while some interests may survive, others must survive as they cannot be extinguished in such an action. Some may even survive for only a short while after the certificate of title is issued. Clearly, it is important when insuring title to address these matters. This seminar will examine the fundamental requirements attendant to lien foreclosure and acquaint a practitioner to the matters which must be addressed in order to satisfy the inspection warranted in title examination. Particular attention will be paid to the minefield attendant to the issues related to homeowners’ and condominium owners’ association liens. Although primarily focused on the foreclosure of consensual mortgages, the seminar will also touch upon the foreclosure of judgment, homeowners’ association, condominium association, and construction liens. This seminar is approved for 3.5 general credits and .5 ethics with the Florida Bar, 3.5 hours of continuing education with NALA, and 3.0 hours with DFS.
Ongoing Short Sale and REO Solutions (1:00 to 4:00) - Has the so-called “foreclosure crisis” faded into the dustbin of history? The Fund’s Ongoing Short Sale and REO Solutions seminar explores practical tactics to wade through short sales and REO purchases, remnants of the foreclosure tsunami. This seminar briefly reviews recent legislative changes to Florida foreclosure law, such as when “Show Cause” is initiated by third party defendants, and the Department of Justice settlement and how it has impacted the turnover of distressed properties. The seminar’s main focus is on short sales from pre-listing through closing and the cleaning up of any pending foreclosure actions. The other major aspect of the seminar is REO transactions. Special emphasis is placed on the pitfalls to avoid and tactics to use in order to facilitate smooth transactions involving either short sales or REO property. The discussion includes a comparison of short sale and REO contract addenda, and the drawbacks and issues clients must be aware of within those contracts. This seminar is approved for 3.0 general CLE credits and .5 ethics with the Florida Bar, and 3.0 hours of continuing education with NALA and DFS.
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