Foreclosure Alert! A Lesson Learned in Indiana

"Knowledge is Power - Get Some!"

	Presentation:
	Subject:	Foreclosure/Predatory Lending
	Title:	"Foreclosure Alert-A-Lesson Learned in Indiana"
	Time:	1 hour to 2.5 hrs
	Presenter: Mildred Wilkins, President Home Ownership Matters E-mail: mildred_b_w@msn.com Foreclosure Alert! A Lesson Learned in Indiana 8:30 -- 9:15 Overview of Foreclosures in the State Causes A. Mortgage Fraud B. Predatory Lending (refinancing) C. Economy D. Laxness in New Construction Consequences A. Decrease in property values B. Extended Days on Market C. Increased Insurance rates Challenges A. Realtor Intervention B. Legislative Options C. Consumer Education 9:15 – 9:30 BREAK 9:30 – 11:00 Foreclosure Intervention Loss Mitigation A. Formal (HUD) 5 steps B. Informal (other guarantors) Client as a Partner Understanding the Banks Position Time is of the Essence A. Where is the client in this timeline? Foreclosure--The Process Foreclosure--The Event Stalling Tactics--Do they work? Back to Presentations