Challenges and Risks to California Post-Foreclosure Sales
2:00 PM EST | 1:00 PM CST | 12:00 PM MST | 11:00 AM PST
NADP and UTA Members - $25 | Non-Members - $50
This webinar will address many issues related to both Pre and Post Foreclosure fraud, and will assist the REO Agent with potential litigation and/or title issues.
Specifically, the webinar will cover:
- Title Companies Requirements for Insuring REO’s
- Potential risks
- Uninsurable properties
- Verification of non-judicial action to insure title post sale
Servicer Discussion on Potential Pitfalls of a Foreclosed/REO Property
- Factors taken into consideration when analyzing an offer on a property with title issues
- Risks associated with a foreclosure property
- Foreclosed property nightmares
- Allegations of Fraud
- Recorded Purchase Agreements clouding title, before the Trustee’s Deed is recorded
- Update on amended Bill
President, REO & Construction Fay Servicing
With more than 25 years of comprehensive experience in real estate, mortgage servicing, REO management, asset disposition and Lending, Mr. Brooks is an established and successful executive who is proficient with managing people and processes. As President of Property Services with Fay Financial, Mr. Brooks currently oversees REO, Genstone Realty, Genstone Management, E-Acquisitions and Constructive Renovations.
Prior to assuming this position, Mr. Brooks served as vice president of Quantum Servicing, overseeing the bankruptcy, foreclosure, real-estate owned, property preservation and the valuations departments.
Mr. Brooks owned and managed Mortgage Broker business and Title Company lending and conducting settlements in 18 states. In addition, he held several positions at Eastern Savings Bank, a privately owned federal savings bank and also owned a General Contracting Company.
Michelle Mierzwa, Esq.
Partner, Compliance Division Wright Finlay & Zak
Michelle A. Mierzwa joined Wright, Finlay & Zak’s Compliance, Licensing and Regulatory Division in 2015, providing loan originators, lenders, servicers, trustees and others in the mortgage industry with state and federal compliance and regulatory counsel. Since 1998, her accomplishments include the management and resolution of litigated matters through jury and bench trials and appellate practice, creating the legal department for one of the largest non-judicial foreclosure trustees in the Western United States, the coordination of compliance audits, and managing the California branch of a national law firm. Ms. Mierzwa has worked with lenders and mortgage servicers of all sizes to ensure their compliance with state and federal laws, including, but not limited to, California Consumer Privacy Act, California and Nevada Homeowner Bill of Rights, state and federal FDCPA, RESPA, TILA, SCRA, Washington Foreclosure Fairness Act, Nevada, Oregon and Washington Foreclosure Mediation Programs, Dodd-Frank Act and CFPB Rules, state licensing laws, and governmental and regulatory agency investigations.
National Title Officer, Novare National Settlement Service
Sr. VP Operations, Trustee CorpsCathe Cole-Sherburn serves as Senior Vice President of Operations for Trustee Corps. She is responsible for managing all areas of operations, including ancillary companies, which include audit, compliance and strategic planning and development of all offices. Cathe brings over 35 years of all aspects of real estate mortgage default experience, including Servicing. Before joining Trustee Corps, Cathe was with the First American Trustee Servicing Solutions, where she was Senior Vice President. While there, her duties included the oversight and management of the Trustee Division. Prior to that, she was with the firm of Routh Crabtree Olsen/Northwest Trustee Services, where she was the Director of Operations and instrumental in setting up the AZ, CA, and HI offices and obtaining the Freddie Mac and Fannie Mae Counsel Designations. Prior to that, she was the Director of Operations for the Law Offices of Steven J. Melmet, Inc., for 14 years, and instrumental in obtaining in the Freddie Mac Designation and HUD Foreclosure Commissioner for state of CA. Cathe currently is a member of the Women in Legal Leadership for American Legal & Financial Network. She is also a member of Arizona Trustee Association, Mortgage Bankers Association, California Mortgage Bankers Association, National Association of Professional Women and Society of Corporate Compliance and Ethics. Cathe can be seen as a Moderator and/or Panelist at various industry conferences and provides seminars/training to our existing clients.