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Wisconsin Credit Union Foundation

Real Estate Loan Workouts, Deeds in Lieu, Short Sales, Foreclosures, Deficiency Judgments & Receiverships

This webinar will explain all aspects, risks and steps for each alternative, so you can properly evaluate which is best for each situation.

May 23, 2018 02:00 PM   -­­  May 23, 2018 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Lenders

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Description

Residential real estate loan problems continue to trouble financial institutions. There are several alternatives to consider when dealing with troubled real estate loans, including workouts, forbearance, deeds in lieu, short sales, foreclosures, deficiency judgments, and receiverships. Each option poses a certain amount of risk exposure, so making a mistake could result in losses that far exceed the loan amount. This webinar will explain all aspects, risks, and steps for each alternative, so you can properly evaluate which is best for each situation.

Learning Objectives

  • How to determine which alternative is best for the situation – workout, forbearance, deed in lieu, short sale, foreclosure, deficiency judgment, or receivership 
  • Proper steps to handle each alternative 
  • Protecting your institution from potential liability
  • What constitutes a troubled debt restructuring
  • When you are required to issue Forms 1099-A and 1099-C

Speaker

Elizabeth Fast, JD, CPA, Spencer Fane, LLP

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