On FAARForum.com I found that NAR is hosting a one hour webinar to explain the Foreclosure Freeze and answer a few questions. Here’s the information from the NAR site:
Event status: Not started (Register)
Date and time: Thursday, October 28, 2010 3:00 pm
Eastern Daylight Time (New York, GMT-04:00)
Change time zone
Duration: 1 hour
Although some banks are resuming foreclosures, at least in part, the issues raised by the foreclosure freeze continue. This webinar is intended to help you understand some of the title and other issues that could come into play if you’re working with a buyer of a foreclosed property, listing foreclosed properties, or operate in a market with a large percentage of foreclosed properties for sale.
Among the questions our speakers will address:
1. Judicial vs. non-judicial foreclosures: Why does the distinction matter?
2. Is purchase of an owner’s title policy necessary for buyer protection? Why doesn’t regular title insurance protect the buyer in these cases?
3. Under what circumstance can a buyer of a foreclosed home lose that home if the foreclosure wasn’t processed correctly? Does the distinction between judicial and non-judicial foreclosure come into play here?
4. Foreclosure rules differ in each state, but are there general rules that apply in all cases?
5. What are the latest developments among banks and regulators on the foreclosure freezes?
Date: Thursday, Oct. 28, 2010
Time: 3 p.m., Eastern Time (2 p.m., Central Time)
Length: One hour
Place: Your computer
Ralph Holmen, associate general counsel, NAR
Stephen Gottheim, attorney, American Land Title Association
Jeff Lischer, managing director, regulatory policy, NAR
Moderator: Finley Maxson, senior counsel, NAR
Host: Robert Freedman, REALTOR® Magazine
REALTOR® Magazine “Hot Topics” webinars are free to NAR members.