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4 th  ANNUAL CONFERENCE  |  OCTOBER 16-17, 2009  |  HUNTINGTON BEACH, CA LOAN MODIFICATION & BANKRUPTCY BASICS PANEL 9:00 am – 10:30 am
WELCOME TO THE LOAN MODIFICATION  AND BANKRUPTCY BASICS PANEL PANELISTS: DAMIAN NASSIRI  |  CUONG M. NGUYEN LYNDA T. BUI  |  ANN N. NGUYEN MODERATORS: DUYEN NGUYEN  |  MINH HOANG
PRE-FORECLOSURE TIMELINE  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
PRE-FORECLOSURE TIMELINE ( CONTINUED… ) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FORECLOSURE TIMELINE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FORECLOSURE TIMELINE ( CONTINUED … ) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FORECLOSURE LEGISLATION PROPOSAL AB 1588: MONITORED MORTGAGE WORKOUT PROGRAM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FORECLOSURE STATISTICS ( REALTYTRAC  ) CALIFORNIA RATE MAP FORECLOSURE ACTIVITY BY MONTH FORECLOSURE ACTIVITY BY COUNTY FORECLOSURE ACTIVITY & HOME PRICE INDEX ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
BORROWER FACES FINANCIAL CRISIS, WHAT ARE THEIR OPTIONS TO HELP SAVE THEIR HOME? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
OVERVIEW OF LEGAL CLAIMS AGAINST  LENDERS, BROKERS, AND TRUSTEES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TRUTH IN LENDING ACT (“TILA”) ,[object Object],[object Object],[object Object]
TILA RESCISSION – COVERED LOANS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TILA RESCISSION FOR MATERIAL DISCLOSURE VIOLATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],TILA AND THE 3 DAY RIGHT TO CANCEL NOTICE
WITH TILA, “HYPERTECHNICALITY REIGNS” ¹ ,[object Object],[object Object],[object Object]
TILA PROBLEMS FOR BORROWERS ,[object Object],[object Object],[object Object],[object Object]
OPTION ARMS AND TILA STATUTORY DAMAGES ,[object Object],[object Object]
OPTION ARMS –  PAYMENT SCHEDULE AND TEASER RATE ,[object Object],[object Object]
OPTION ARMS –  PAYMENT SCHEDULE AND TEASER RATE ( CONTINUED… ) ,[object Object],[object Object],[object Object]
OPTION ARM – NEGATIVE AMORTIZATION ,[object Object],[object Object],[object Object]
OPTION ARM – EQUITABLE TOLLING AND STATUTORY DAMAGES ,[object Object],[object Object],[object Object]
2923.5 DECLARATION DEFICIENCIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CALIFORNIA CIVIL CODE § 2923.6 ,[object Object],[object Object],[object Object]
CALIFORNIA CIVIL CODE § 2923.5 LEGISLATIVE HISTORY ,[object Object],[object Object],[object Object]
MORE LEGISLATIVE HISTORY ,[object Object],[object Object]
CALIFORNIA TRANSLACTION ACT (CIVIL CODE § 1632) ,[object Object],[object Object],[object Object],[object Object],[object Object]
FORECLOSURE PROCEDURAL ISSUES: STANDING ,[object Object],[object Object],[object Object],[object Object]
MERS ISSUES ,[object Object],[object Object],[object Object]
MERS ISSUES ( CONTINUED… ) ,[object Object],[object Object],[object Object],[object Object],[object Object]
TRO’S AND PRELIMINARY INJUNCTIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TRO’S AND OPTION ARMS ,[object Object],[object Object]
TARP & HAMP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HOME AFFORDABLE MODIFICATION PLAN (“HAMP”) – REQUIRED PARTICIPATION ,[object Object],[object Object],[object Object]
HAMP & TARP ( CONTINUED… ) ,[object Object],[object Object],[object Object],[object Object]
HAMP & LOAN SERVICERS ,[object Object],[object Object],[object Object],[object Object]
HAMP & FORECLOSURE SUSPENSION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HAMP QUALIFICATION PROCESS ,[object Object],[object Object],[object Object],[object Object],[object Object]
HAMP ELIGIBILITY ,[object Object],[object Object],[object Object],[object Object],[object Object]
HAMP MODIFICATION CRITERIA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FORECLOSURE & LOAN MODIFICATION LITIGATION:  Pantoja v. Countrywide ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HAMP LITIGATION:  Williams v. Geithner ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CA AG SETTLEMENT WITH COUNTRYWIDE ,[object Object],[object Object]
COUNTRYWIDE SETTLEMENT – “QUALIFYING MORTGAGES” ,[object Object],[object Object],[object Object],[object Object],[object Object]
CFC SETTLEMENT AND HYBRID ARMS ,[object Object],[object Object],[object Object]
CFC SETTLEMENT AND OPTION ARMS ,[object Object],[object Object],[object Object],[object Object],[object Object]
CFC SETTLEMENT AND FORECLOSURE SUSPENSION ,[object Object]
ETHICAL ISSUES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
PLEASE SAVE QUESTIONS FOR THE END CONTACT: DAMIAN NASSIRI HOWARD | NASSIRI, PC (800) 872-5925 [email_address] CUONG NGUYEN PITE DUNCAN, LLP (619) 326-2400 [email_address]
BANKRUPTCY  BASICS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
GOAL OF BANKRUPTCY ,[object Object]
UNITED STATES BANKRUPTCY COURT ,[object Object]
PROS AND CONS OF BANKRUPTCY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
BANRUPTCY CHAPTERS ,[object Object],[object Object],[object Object],[object Object]
ETHICAL OBLIGATIONS:  WHAT CLIENTS MUST KNOW ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ETHICAL DUTY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
BANKRUPTCY: AUTOMATIC STAY ,[object Object],[object Object],[object Object],[object Object],[object Object]
DEBTS IN BANKRUPTCY  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CHAPTER 7 VS. CHAPTER 13 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CHAPTER 7 VS. CHAPTER 13 ( CONTINUED… ) ,[object Object],[object Object],[object Object],[object Object],[object Object]
CHAPTER 7 VS. CHAPTER 13 ( CONTINUED… ) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DENIAL OF DISCHARGE ,[object Object],[object Object],[object Object],[object Object],[object Object]
NON-DISCHARGEABLE DEBTS ,[object Object],[object Object],[object Object],[object Object]
COMMON EXEMPTIONS ,[object Object],[object Object],[object Object]
EXEMPTIONS ,[object Object],[object Object],[object Object],[object Object]
WILDCARD EXEMPTION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
RESIDENCE/HOMESTEAD EXEMPTION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
IN ORDER TO KEEP A CAR OR HOUSE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
BANKRUPTCY PRACTITIONER PITFALLS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ETHICAL OBLIGATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
WATCH OUT FOR TRUSTEE’S AVOIDANCE POWERS: ,[object Object],[object Object],[object Object]
HAVE QUESTIONS?

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Loan Modification and Bankruptcy Basics Powerpoint Slideshow 2009 NCVAA

  • 1. 4 th ANNUAL CONFERENCE | OCTOBER 16-17, 2009 | HUNTINGTON BEACH, CA LOAN MODIFICATION & BANKRUPTCY BASICS PANEL 9:00 am – 10:30 am
  • 2. WELCOME TO THE LOAN MODIFICATION AND BANKRUPTCY BASICS PANEL PANELISTS: DAMIAN NASSIRI | CUONG M. NGUYEN LYNDA T. BUI | ANN N. NGUYEN MODERATORS: DUYEN NGUYEN | MINH HOANG
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  • 48. PLEASE SAVE QUESTIONS FOR THE END CONTACT: DAMIAN NASSIRI HOWARD | NASSIRI, PC (800) 872-5925 [email_address] CUONG NGUYEN PITE DUNCAN, LLP (619) 326-2400 [email_address]
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