This course offers an in-depth exploration of the multifaceted challenges inherent in distressed real estate scenarios, led by seasoned Real Estate Attorney Erica Crohn Minchella. Through comprehensive discussions, participants delve into the intricacies of residential and commercial real estate, examining common triggers for default such as unforeseen life events, financial strain, and market fluctuations. Students will gain insights into proactive planning strategies to mitigate risks and preserve assets, including preemptive measures for default prevention and effective response tactics when facing foreclosure or bankruptcy proceedings. Minchella's extensive experience spanning over four decades, coupled with her expertise in bankruptcy practice, real estate law, and foreclosure defense, provides a rich learning environment where participants acquire practical skills for navigating complex real estate challenges with confidence.

Throughout the course, participants will explore various solutions for distressed real estate situations, including loan modifications, short sales, consent foreclosures, and deed-in-lieu arrangements. Emphasis is placed on understanding the legal frameworks governing foreclosure proceedings, evaluating defense strategies, and collaborating with legal professionals to navigate the complexities of commercial foreclosures. Additionally, students will learn to assess the financial implications of distressed property management, including the impact on credit scores, asset preservation, and long-term investment strategies. By the course's conclusion, participants will emerge equipped with a comprehensive toolkit of strategies to effectively manage distressed real estate scenarios, safeguard financial interests, and make informed decisions in dynamic real estate markets.

Key Topics Discussed:

When do you need to plan for a default?
Other issues
Impact of overpaying for home
Stages of default
What solutions should be considered?
Solutions
Challenging a Foreclosure
Commercial foreclosures
Putting it all together