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"Knowledge is Power - Get Some!"
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Presentation: |
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Presenter: Mildred Wilkins, President Home Ownership Matters E-mail: mildred_b_w@msn.com |
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| Subject: | Impact of Appraisals on Foreclosures | ||||
| Title: | "What to do when you Are between the proverbial rock and a hard place" | ||||
| Time: | 1.5 - 2 hrs | ||||
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WHAT TO DO WHEN YOU ARE BETWEEN the PROVERBIAL ROCK AND A HARD PLACE (Also known as the location of today’s appraisers & lenders) Indiana’s high foreclosure rate is currently the major topic of discussion. Responsible appraisers and lenders are coming under increased scrutiny because of the deceptive practices of a few in their professions. Are you at risk? Who is your client anyway? Who’s the weakest link? and Who’re you gonna call? These questions and more will be answered by an energetic, informative speaker who understands the industry challenges you face. Don’t miss this informative presentation. |
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| Overview of Foreclosures in the State | |||||
| 1. Causes | |||||
| A. Mortgage Fraud | |||||
| B. Predatory Lending | |||||
| C. Economy | |||||
| D. Laxness in New Construction | |||||
| 2. Consequences | |||||
| A. Decrease in Property Values B. Extended Days on the Market C. Increased Insurance Rates |
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| 3. Challenges | |||||
| A. REALTOR® Intervention B. Legislative Options C. Consumer Education |
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| Appraisers: Straddling the Fence | |||||
| Discussion of your
role, your risks, your accountability |
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| Impact of New
Technology Impact of Current and Pending New Regs Where Can You Go From Here? Questions/Some Answers and Some Thoughts *Numerous handouts will be provided as well as evaluation forms. |
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