Foreclosures, Short Sales & Alternative Financing 2024
Property problems
Wisconsin Help for Homeowners (WHH) was a statewide program that helped residents experiencing economic hardship prevent foreclosure during and after the COVID-19 pandemic. In two years, WHH gave homeowners nearly $70 million to make mortgage, tax, and utility payments.1 Now that the WHH has ended, could the Badger State face an increase in short sales and mortgage foreclosures?
Foreclosures, Short Sales, and Alternative Financing will cover the legal basics of these transactions from the perspectives of a real estate lawyer, a title company, and an alternative funding expert. From initial considerations through property sale, gain a better understanding of:
- Borrower default and lender options
- Loss mitigation procedures
- Redemption time periods
- Automatic stays in bankruptcy
- Notices required prior to foreclosure
- Due diligence considerations for property listings
- Timelines for foreclosures and short sales
- Important distinctions between foreclosures and short sales
Property problems
Wisconsin Help for Homeowners (WHH) was a statewide program that helped residents experiencing economic hardship prevent foreclosure during and after the COVID-19 pandemic. In two years, WHH gave homeowners nearly $70 million to make mortgage, tax, and utility payments.1 Now that the WHH has ended, could the Badger State face an increase in short sales and mortgage foreclosures?
Foreclosures, Short Sales, and Alternative Financing will cover the legal basics of these transactions from the perspectives of a real estate lawyer, a title company, and an alternative funding expert. From initial considerations through property sale, gain a better understanding of:
- Borrower default and lender options
- Loss mitigation procedures
- Redemption time periods
- Automatic stays in bankruptcy
- Notices required prior to foreclosure
- Due diligence considerations for property listings
- Timelines for foreclosures and short sales
- Important distinctions between foreclosures and short sales
Receive practical tips for buyers and sellers in foreclosure and short-sale transactions. You’ll also discuss alternative financing options available to homeowners who are unable to pay their mortgage.
Navigate the foreclosure and short sales processes more effectively with help from Foreclosures, Short Sales, and Alternative Financing.
1Wisconsin Help for Homeowners Program to Close Applications March 8, 2024
Product details
- Review key terms and concepts in loan documents
- Understand options available to homeowners who are unable to pay the mortgage
- Know the applicable laws and timelines that apply to foreclosure in Wisconsin
- Explore the intersection of bankruptcy and foreclosures or short sales
- Identify important steps and required notifications for the sale of property
- Residential real estate lawyers
- Estate planning lawyers
- Residential realtors
- Real estate brokers