The COVID-19 has hit all industries hard, especially the housing market. Healthy going into the pandemic, the market could see a 70 percent increase in mortgage defaults and foreclosures over the next two years. There are no predictions of a drastic downward spiral as was seen in the 2008-2010 recession, but the expected down tick is a wake-up call to prepare now to help your client through the difficulties that may be just ahead.
This book will provide you with a review of recent case law and recommendations for handling foreclosures in the COVID era.
Summary of Contents
I. The Basics of How Foreclosures Work and Recent Case Law Updates
• When the Loan Goes into Default
• The Title Search
• The Demand Letter: Act 6 and Act 91
• The Foreclosure Complaint
• Obtaining Judgment
• Post- Judgment
• New Vacant Property Foreclosure Procedure
• Recent Appellate Decisions
II. What Moratoriums Are in Effect (i.e., Federal Moratoriums, CDC Eviction Moratorium, County Level Moratoriums)
III. How Philadelphia is Evolving to Handle Mortgage Mediations Under This Environment
IV. Foreclosures in the Age of Zoom
V. How Sheriff’s Sales Will Work Considering CDC Guidelines