With COVID-19 and the economic downturn, many people will need to file for Bankruptcy. CVLS volunteers Sal Lopez and Justin Storer will review the basics of Chapter 7 Bankruptcies, including pre-filing considerations, alternatives, using Best Case, handling a trustee meeting, and more. When the training is over, you’ll be ready to take your first Chapter 7 case!
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.