In March, Congress passed the CARES Act, which gives critical mortgage relief to homeowners affected by COVID-19. Fannie Mae, Freddie Mac, the FHA, and the VA have rolled out new guidance as well. CVLS Staff Attorney Matt Hulstein will review these new mortgage options and address some legal issues that may arise.
Cook County property taxes can be extremely complicated to figure out. From buying property, to appealing property taxes, to reviewing a mortgage servicer’s calculation in an escrow analysis, understanding the basics is essential. There is a wealth of free information readily available on various county websites. This CLE will focus on how to obtain that information and then how to make sense of it.
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.
Today’s speaker 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.
