Lenders, Don’t Get Burned Twice: Consequences of the Full Credit Bid Rule in Light of the California Wildfires

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Over the course of two years, California has been devastated by wildfires. While foreclosures may be temporarily on hold, lenders will eventually be forced to complete many foreclosures. This webinar will discuss the strategy behind bidding at those foreclosure sales and the potentially devastating consequences of the Full Credit Bid Rule. Join fellow lenders to understand how the credit bid at the foreclosure sale could negatively affect the ability to recover insurance proceeds. 

 

Learning Objectives:

  • Explore the interaction between the Full Credit Bid Rule and a lender’s right to recover insurance proceeds
  • Discover the best way to maximize a lender’s right to insurance proceeds while still completing its foreclosure sale.

Speaker

T. Robert Finlay
Partners
Wright, Finlay & Zak, LLP. 
T. Robert Finlay is one of the founding partners at Wright, Finlay & Zak, LLP. Since 1994, he has focused his legal career on consumer credit, business and real estate litigation, and has extensive experience with trials, mediations, arbitrations, and appeals. Mr. Finlay is at the forefront of the mortgage banking industry, handling all aspects of the ever-changing default servicing and mortgage banking litigation arena, including compliance issues for servicers, lenders, investors, title companies, and foreclosure trustees. 

WiBinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every WiBinar:

This WiBinar is ideal for:

Chief Credit Officer, Commercial Loan Officer, Consumer Loan Officer, Mortgage Loan Officer, Junior Loan Officer

Register

Click here to register online