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Nevada Zombie Foreclosures - Webinar

  • ID: 4515236
  • Webinar
  • May 2018
  • Region: United States
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn to identify and assess zombie foreclosure problems and create best practices for handling them.

While Nevada continues its journey out of the real estate crisis, one of the many issues that has arisen is the problem of zombie foreclosures and their impact on our communities. This topic will explain what a zombie foreclosure is and discuss some of its causes. Moreover, this material will discuss the State of Nevadas threepronged approach to addressing the problem of zombie foreclosures. The topic will review how the legislative response impacts all of the constituencies to a home, including lenders, homeowners, homeowners associations, municipalities and others. You will gain a better handle on how to identify and assess your own zombie foreclosure problems and to create best practices for handling them.

Learning Objectives
  • You will be able to identify what a zombie foreclosure is.
  • You will be able to discuss the Nevada foreclosure process.
  • You will be able to explain HOA Superpriority rights.
  • You will be able to review what causes a zombie foreclosure to occur.
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  • What Is a "Zombie Foreclosure?"
  • Why Do We Care?
  • Impact on Community
  • Recent Trends in "Zombie Foreclosures"
  • What Causes a "Zombie Foreclosure" to Occur?
  • Length of Time to Foreclose
  • Title Issues
  • Bankruptcies
  • Adjustments to Foreclosure Processes
  • Other Explanations
  • Nevada Foreclosure Process in General
  • Current Length of Time to Complete a Foreclosure
  • Changes in the Foreclosure Process Resulting in Delays
  • Foreclosure Mediation
  • How Has Nevada Addressed the "Zombie Foreclosure" Problem?: Expedited Foreclosures, HOA Superpriority and Lender Registration Legislation
  • Expedited Foreclosures
  • SB278
  • Abandoned Property Identification
  • Expedited Process
  • Limited Utilization Since Enacted
  • HOA Super-Priority Rights
  • Registration of Vacant Properties
  • Nevada Cities Have Adopted Ordinances
  • Registration Procedures in General
  • Obligations of the Lender to Maintain Properties During the Pendency
  • Of Foreclosure
  • Practical Considerations of Registration Laws
  • Recovering Advances
  • Disclosing Known Issues to Prospective Buyers
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Michael R. Brooks - Kolesar & Leatham
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This webinar is designed for attorneys, presidents, vice presidents, property owners and managers, landlords, lenders, real estate agents and brokers, developers, accountants, real estate investors, planners, and government officials.
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