Protect Your Client's Interests
Deeds in lieu of foreclosure can be advantageous for both lenders and borrowers, but there are numerous legal and tax issues to consider. Do you know how to help clients maximize the benefits of these transactions and avoid the pitfalls? This course will reveal critical considerations and steps to take when pursuing a deed in lieu of foreclosure. Protect your client's interests - register today!
- Determine when a deed in lieu of foreclosure is wrong or right for your client.
- Spot and steer clear of dangers in deed in lieu transactions.
- Anticipate the tax consequences of a deed in lieu.
- Know what language to include (and avoid) in the agreement.
Session Time: 11:00 AM - 12:30 PM Eastern
Presented by: Brady Lighthall
- Advantages and Disadvantages to Parties Involved
- Conveyance Stating Transaction is in Good Faith and Voluntarily
- The Offer to Deed
- The Deed in Escrow
- Crucial Considerations You Need to Know
- Borrower's Retention of Interest
- Partial Conveyances and Outstanding Liens
- Common Tax Challenges
- Bankruptcy Questions
- The Settlement Agreement
- Title to Collateral
This program is designed for attorneys. Lenders, real estate professionals and paralegals may also benefit.