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.
CVLS has seen a drastic increase in foreclosures concerning a reverse mortgage. We’ve seen cases involving mortgage scams, phony defaults, and a variety of servicing abuses. In this training, Staff Attorney Gabriel Borges and JMLS Law Professor Dennis Smith will review the basics of reverse mortgages, types of loan defaults, loss mitigation options, and potential claims and defenses.