COVID-19 has hit all industries indiscriminately, including the housing market which is expected to see an increase in mortgage defaults and foreclosures over the next two years. If owning a home is the American dream, then losing it through foreclosure is the American nightmare.
State and local government agencies and the courts have been busy establishing protections that allow residents to remain in their homes as long as possible, but many of those protections are now expired.
Foreclosure and bankruptcy authorities, Stephen M. Hladik and Keri P. Ebeck, summarize the most significant decisions and developments of 2021 and make their predictions for 2022.
2021 Case law highlight
11 U.S.C. 1328(i)- Covid discharge
- In Re Ritter
- In Re McCollum
- In Re Campbell
Real Estate Market Value issues
- In Re Baker
- In Re Larzelere
Foreclosures Predictions for 2022
- Will waning government intervention lead to a torrent of foreclosures?
- Outlook for the housing market: a crash or a boom?
- Mortgage rates--the fallout of rising rates
Bankruptcy predictions for 2022
- Potential increase in consumer filings in 2nd quarter 2022
- Will Chapter 13 be a feasible option for those in Covid forbearances?
- How will the real estate market values effect a Debtor’s Chapter 13 plan
- What happened to the Covid discharge?
All attendees will receive the course book as a digital download.
Recorded in February 2022.