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The federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act) allows struggling homeowners who have federally-backed mortgages to pause mortgage payments for at least six months and up to one year. Once payments resume, lenders must review the homeowners for a range of payment options, including loan modifications. The Act also freezes foreclosure actions …
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act took effect. Section 4024 of the Act provides renters with temporary relief from certain evictions and from the imposition of late fees. Continue reading for important information about the CARES act that everyone should know.
The incapacity or death of a mortgage borrower creates mass confusion for everyone involved. The borrower’s family doesn’t know their options and cannot speak with the lender. The lender cannot identify who has authority on the account. And everyone’s lawyers are stuck in the middle. Matt Hulstein of CVLS will speak on probate/foreclosure crossover cases and help identify the best path forward for your clients.
In this seminar, Kathleen will guide you through real estate transactions start to finish including short sales. This is a perfect starter or refresher course for any attorney interested in real estate law. Come join us and learn from an expert.
For years, reverse mortgages were only considered as the loan of last resort. Today reverse mortgages are being considered to dramatically improve the success of retirement plans.
He will discuss using a reverse mortgage to:
Supplement Social Security
Create a Line of Credit
Refinance conventional mortgages with a HECM
How to use a HECM to purchase a home
He will also demonstrate the software used to determine loan amounts.
Even though the foreclosure crisis is over, many loss mitigation programs remain. These options often offer better outcomes that traditional litigation. CVLS Staff Attorneys Matt Hulstein and Gabe Borges will give a brief overview of what options are available. Reinstatement, repayment, forbearance, modification, short sale, deed-in-lieu, and consent judgment alternatives will be reviewed for both conventional and reverse mortgage loans.
CVLS is hosting a comprehensive training on administrative review actions in circuit court, with a focus on housing voucher termination cases. Using Chicago Housing Authority cases as examples, our staff attorney will cover procedure, standards of review, framing arguments, effective brief writing, and motions for a TRO.