New Pre-Foreclosure Rules on Rental Properties

Thursday, 10/29/2020
11am – 12:30pm

Description: What the heck happened to HOBR? Remember the Homeowner’s Bill of Rights, passed after the Great Recession? Well, it’s been expanded to cover more than just primary residences. Welcome to 2020! Already in effect, this new law covers properties previously excluded under the ‘old’ HOBR. Don’t worry! We’ll catch you up on the how to’s, explaining which property types are now covered, what forms need to be sent out, the number and timing of borrower contacts, and much, much more. From A to Z, this presentation will help you understand the rules and give you the confidence and tools you need to successfully stay compliant, whether doing this yourself or handing it off to a servicer.
Space is limited. Sign up now!
Presented by:
Robert Finlay, Esq., CMA General Counsel
Elizabeth Knight, CMA President
Michelle Rodriguez, Esq., Corporate Counsel and Chief Compliance Officer, Woodland Hills Mortgage Corp.
Cost: $50; complimentary for CMA members


SB 1079 – An SFR 1-4 Foreclosure Game Changer

Tuesday, 11/17/2020
11am – 12:30pm

Description: The rules for SFR 1-4 foreclosures in California have just changed – in a big, big way. In an attempt to prevent mass corporate ownership of single family rental housing, this new state law will allow prospective owner occupants and non-profit housing organizations a 45-day post foreclosure window to acquire recently-foreclosed SFR 1-4 properties. The impact to investors, servicers, and trustees is enormous. And the law is unclear on many issues. Are 1-4 single family properties under construction affected? How will bidding strategy be affected when the loan is secured by more than one property? How will this affect a loan with a personal guarantee? What if there are multiple post-foreclosure bids for the same amount? Listen in as CMA’s top experts explain the law, and provide practical advice in how to work within the new restrictions.

Presented By:
Robert Finlay, Esq., CMA General Counsel
Elizabeth Knight, CMA President
Randy Newman, Esq., Founder, Total Lender Solutions
Shafiq Taymuree, Executive Vice President, Stonecrest Financial
Register Online!
Cost: $50; complimentary for CMA members