Alternatives to Foreclosure for Housing Counselors   

Date: Monday, June 11, 2007
Time: 09:00 AM
Length: 1 day
Location: Sheraton Harborside Portsmouth Hotel
Address: 250 Market Street, Portsmouth, NH 03801

Contact:
Phone:
Email:
Cost: 0

Event Details

Description

This 1-day workshop provides housing counselors with an understanding about analyzing default situations to determine possible alternatives to foreclosures. It provides information about workout options (with an emphasis on short payoffs and mortgage modifications), apply Freddie Mac requirements, and exploring options that can help keep borrowers in their homes.

Prerequisites:

You must be an employee of an approved housing counselor agency to attend.

Objectives:

Participants successfully completing this workshop will be able to :

Evaluate a borrower for involuntary inability to pay or the reason for default
Pursue a workout with emphasis on mortgage modifications and short payoffs
Identify and assist the homeowner to qualify for standard programs

Topics:

The loss mitigation process

Determining if a borrower has involuntary inability to pay or a reason for default

Foreclosure alternatives and how to select the appropriate one

Evaluating the situation for a workout

Proactive loss mitigation

Case studies

Register online, click on the web site below.

Visit: http://www.freddiemac.com/dlink/html/LearningCenter/ClassDescription.jsp?crsNum=ATFHC1 for more details.

Event Sponsors

Freddie Mac

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