With bankruptcy filings continuing to increase, credit unions must recognize when bankrupt members are attempting to cram down a mortgage lien or avoid a judgment lien. This webinar will provide essential tools and tips to help determine whether the attempted cram down and lien avoidance is proper or if it should be objected. Using the concepts and flow charts provided, you will also be able to mitigate losses by conducting workouts and modifications to your credit union's benefit.

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff!

When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

Can't attend at this time? Click here for the archived version.

Stripping & Cram Down of Mortgage Liens

• Discuss the concept of a mortgage as a consensual lien
• Analyze the priority of mortgage liens over other liens affecting real property
• Learn how the debtor attempts to strip a mortgage lien in a Chapter 13 versus in a Chapter 7 case
• Compare cramming down a first mortgage versus cramming down a second mortgage
• Explore the history of proposed bills to allow for cram down of a first mortgage lien

Stripping & Avoiding Judgment Lien

• Discuss the concept of a judgment lien as a non-consensual lien
• Learn how the Homestead Exemption affects judgment lien avoidance
• Establish how the debtor attempts to avoid a judgment lien in a Chapter 13 case versus in a Chapter 7 case

Loss Mitigation Efforts – Putting it All Together

• Gain a better understanding of why it is better to have a mortgage lien than a judgment lien
• Discuss why your credit union should reconsider obtaining a judgment on a second mortgage loan or a HELOC
• Explore workouts to obtain security for delinquent loans
• Learn how you can train the lending department to make better second mortgages

This webinar will provide valuable information for your credit union's collections staff.

Affiliation with CUNA/League is required for attendance.

Christy Curtis Jones
Christy is an attorney with Sherpy & Jones. She concentrates her practice in the areas of creditor/debtor rights, bankruptcy, collections, and foreclosure. In addition to her credit union training activities, she has served as an adjunct professor at the University of South Carolina School of Law.

The last day for cancellations was August 18, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.