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Processes and procedures for avoiding pitfalls in real estate owned transactions

The foreclosure statistics remain troubling.

According to the most recent Mortgage Monitor report released by Lender Processing Services Inc., foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume — indicating REO properties will continue to flood the market for the foreseeable future.

In Foreclosure Crisis in Focus, we look at some of the issues surrounding the foreclosure process, and what agents can do today to stave off claims in the future.

• In part one, we focus on precautions agents should be taking to assure that the paperwork they are processing will past muster at court.
• Part two addresses the issues around robo-signing and the potential challenges this problem will pose for agents in terms of claims, well into the future.
• The Ibanez case is the focus of part three, with experts weighing in on the impact of that case nationwide, and what procedures lenders and title agents are putting in place in light of that decision.
• Finally, we look at the complications MERS has presented as bankruptcy judges dealt with MERS' rights to foreclose.

Foreclosure Crisis in Focus is designed to help you work through the foreclosure process in a manner that ensures optimum results for you and your clients.

Available FREE when you subscribe to The Legal Description.