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Coming Events:
| Program Title : |
Acquiring, Holding & Disposing of Other Real Estate |
| Date : |
Thursday, February 18th, 2010 |
| Time : |
3:00 - 4:30 PM Eastern Time |
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Download the Brochure. |
About The Program :
The rapid rise in both residential and commercial foreclosures has increased the potential for higher levels of other real estate (ORE) to be held by financial institutions. This has become such a major concern that federal regulators issued:• a “Guidance on Other Real Estate” which explains the importance of developing and implementing policies and procedures for acquiring, holding, and disposing of ORE, and• a policy statement on “Prudent Commercial Real Estate Loan Workouts” which sets forth the appropriate standards for evaluating the management practices, workout arrangements, credit classification, regulatory reporting, and accounting for loan workouts. This webinar will cover the ORE laws and regulations, outline the proper policies and procedures for acquiring, holding and disposing of ORE, and explain how to implement proper loan workout programs.
Topics Covered :
- Evaluating the alternatives – workout, foreclosure, deed in lieu of foreclosure, receivership
- Evaluating the alternatives – workout, foreclosure, deed in lieu of foreclosure, receivership
- Valuation of ORE
- Protecting Tenants at Foreclosure Act of 2009
- Examination procedures for ORE
- Regulatory limitations on holding ORE
About The Presenter : Elizabeth Fast, JD, CPA, Banker’s Choice
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division known as Bankers Choice. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
Who Should Attend :
This informative session is designed for bank personnel involved with acquiring, holding, or disposing of ORE, such as loan officers, workout officers, collectors, attorneys, compliance officers, real estate managers, and property managers. PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
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[ Return to Calendar of Events ]
Register For this Program Now!
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Program Fees:
| Live Webinar |
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VACB Member: $250
Non-Member: $500 |
| On-Demand Webcast with CD |
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VACB Member: $250
Non-Member: $500 |
| Live Webinar, on demand link and free CD |
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VACB Member: $275
Non-Member: $550 |
What is a Teleseminar / Webcast?
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This training method allows unlimited listeners on your office speaker phone. By choosing the webcast option,
participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free
number and pass code that will allow entrance to the seminar. The session will be one hour and fifteen minutes in length
with an additional fifteen minutes for questions and answers. Seminar materials will be sent prior to the broadcast along
with hook up instructions. Your pin number, hookup instructions and handouts can be emailed to you or sent U.S. Mail.
If you would like them emailed, you will need the most current version of Adobe Acrobat Reader, which is available for
free at www.adobe.com. Registration is not complete without payment of
fee. Upon payment of fee the hookup instructions will be forwarded to you for participation in our live Teleseminars / Webinars.
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