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Sponsored by Lorman Education
Product ID: 408303EAU
 
Credit & Course Provided by:

Foreclosing on Secured Collateral: What You Need to Know

OnDemand Webinar (88 minutes)

Get tips for evaluating a lender's contractual and security positions and learn how to formulate and execute foreclosure plans.Loan defaults remain significant and secured creditors continue to have to think about enforcing their rights through foreclosure of real and personal property collateral. This can be a complicated process that requires a good deal of planning in order to reach a successful outcome. This topic will help the people responsible for loan workout and enforcement, as well as their advisors, evaluate the lender's contractual and security positions and formulate and execute foreclosure plans for loans secured by both real and personal property. It will also touch on issues relating to resale of foreclosed property.

Authors

William R. Wyatt, Sheppard, Mullin, Richter & Hampton LLP

Agenda

Evaluating Your Strategic Position

• Borrower and Guarantor Evaluation

• Pre-Foreclosure Due Diligence

• Evaluating Your Legal Position

• How to Fix Holes in Your Strategic Position

Formulating a Foreclosure Plan

• Real Property, Personal Property, and Mixed Collateral

• Share Pledge vs. Security Interest in Assets

• Judicial vs. Nonjudicial

• Sale of Entire Business vs. Asset-by-Asset Sale

• Bidding Strategy

• Collecting Deficiencies

Conducting the Foreclosure Sale

• Pre-Foreclosure Provisional Remedies

• Hiring Professionals

• Commercial Reasonableness

• Credit Bidding

• Obtaining Possession of the Property

Reselling the Property