FasTrain--Mortgage Foreclosure And Alternatives
This fasTrain (quick-training guide) explains procedures involved in ...
Availability: In Stock
Publisher :Florida Bar Continuing Legal Education
Format: 1 volume, softbound with CD-ROM
,
BOOK
ISBN: 9781422449899
2007
|
|
This fasTrain (quick-training guide) explains procedures involved in handling payment defaults on mortgaged property. This Fastrain:
- guides you through an evaluation of the facts of the case.
- enables you to determine the best action to pursue against the debtor, be it a lawsuit on the note alone, acceptance of a deed in lieu, an agreement for payoff, an agreement for liquidation/forbearance, reinstatement of the loan, or foreclosure.
- discusses the proper parties to a foreclosure action and guides you through the mandatory diligent search for those parties.
- outlines the necessary steps required to file and complete a foreclosure action including the need for a demand letter; drafting and filing a complaint; filing a notice of lis pendens; obtaining guardians when necessary; obtaining defaults and a final judgment; the judicial sale; and obtaining certificates, a deficiency judgment, and a writ of possession.
- instructs you on the proper procedure to follow when the debtor has filed a petition in bankruptcy.
- prepares you for commonly encountered issues and challenges to the foreclosure action and lists cross-references for further in-depth study of particular elements of the action.
- provides 47 forms including letters, notices, pleadings, and orders needed to pursue alternative actions against the debtor and sets forth a foreclosure worksheet to ensure your timely and thorough progress.
This new edition includes the latest Florida statutory and case law on foreclosure, and addresses provisions of the Servicememebers Civil Relief Act of 2003 regarding foreclosures against military personnel, as well as pertinent provisions of the new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
Visit our Florida Bar Continuing Legal Education Publications website for a complete list of The Bar's titles.
FL Bar
09-15-05
22957 12
TABLE OF CONTENTS/CHECKLIST
I. BEFORE FILING: INITIAL CONSIDERATIONS
A. Obtain And Acknowledge Receipt Of Letter Of Instruction
B. Learn Facts Of Case
1. In General
2. Review Letter And Documents
3. Examine Abstract
4. View Premises
5. Estimate Duration Of Action
6. Estimate Expense Of Action
7. Consider Environmental Assessment
C. Consider Alternatives To Foreclosure
1. In General
2. Payment Of Debt
3. Reinstatement Of Loan
a. Pre-Acceleration
b. Post-Acceleration
c. Post-Judgment
4. Deed In Lieu Of Foreclosure
a. General Considerations In Accepting Deed in Lieu
b. Handling Merger Issue
c. Bankruptcy Concerns
d. Proper Form Of Deed In Lieu/Affidavit
e. Other Documents Accompanying Deed In Lieu
f. Alternate Grantee
g. Tax Considerations
5. Liquidation/Forbearance Agreements
a. Nature And Purpose
b. Advantages
c. Content
d. Bankruptcy Concerns
e. Foreclosure Avoidance
6. Action On Note Alone
II. PROCEED TO MORTGAGE FORECLOSURE
A. Determine Need For Demand Letter
1. General Rule
2. Applicability Of Fair Debt Collection Practices Act
a. Scope Of Act
b. Effect Of Act
c. Content Of Communication
3. To Ensure Collection Of Rents
B. Draft Complaint
1. Ascertain Defendants
a. Necessary And Proper Defendants
b. Unnecessary Defendants
c. Deceased Titleholders
d. Local Taxing Authorities
2. Determine Proper Form Of Complaint
a. In General
b. Fla.R.Civ.P. Form 1.944
c. Additional Provisions
C. File Complaint
1. Appropriate Court
2. Effect Of Filing
3. Effect Of Dismissal Of Complaint
D. File Notice Of Lis Pendens
E. Obtain Service Of Process
1. In General
2. Service On United States Of America
3. Service On State Of Florida
4. Constructive Service
a. Diligent Search And Inquiry
b. Procedure
F. Obtain Defaults
1. In General
2. Applicability Of Servicemembers Civil Relief Act
a. In General
b. Determination Of Military Status
G. Obtain Guardian Ad Litem, Attorney Ad Litem, And Administrator Ad Litem If Necessary
1. In General
2. Procedure
H. File Motion For Final Judgment
1. In General
2. Procedure
I. Defenses
J. Prepare For Final Hearing
1. Obtain Original Documents
2. Consider Bankruptcy Costs And Fees
K. Obtain Final Judgment
1. In General
2. Additional Provisions
3. Effect Of Final Judgment
L. Proceed To Judicial Sale
1. Sale Date And Publication Of Notice
2. Form For Notice Of Sale
3. Sale Procedure
4. Amount Bid
a. In General
b. Effect On Deficiency
c. Subsequent Bankruptcy
d. Right Of Redemption
e. Government Insured Mortgages (VA, FHA, SBA)
f. Documentary Stamps
g. Contaminated Property
M. Obtain Certificates
N. Obtain Writ Of Possession If Necessary
O. Guard Against Typical Procedural Errors
1. Omitted Parties
2. Incorrect Spellings
3. Incorrect Legal Description
4. Incorrect Judgment Amount
P. Guard Against Violations To Individual Homeowners During Residential Foreclosures
Q. Obtain Judgment For Deficiency
R. Disburse Proceeds Of Sale
S. Obtain Expedited Foreclosure If Appropriate
1. When Appropriate
2. Order To Show Cause
3. Interim Payments
a. Show Cause Order
b. Hearing
c. Payment Order
III. PROCEDURE WHEN MORTGAGOR HAS FILED BANKRUPTCY
A. Introduction
B. Review Authority And Procedures Of Bankruptcy Court
C. File Initial Appearance
D. Obtain Background Documents
E. File Proof Of Claim
1. Types Of Claims
a. Secured
b. Unsecured
2. Filing Claim
a. In General
b. Chapter 7
c. Chapter 11
d. Chapter 12 And Chapter 13
F. Obtain Relief From Automatic Stay
1. Automatic Stay Defined
2. Effect Of Stay On Foreclosure Proceeding
3. Termination Of Automatic Stay
a. In General
b. Automatically
c. Termination Of Stay For Repeat Filers
d. Carry-Over Of Orders Granting Relief
e. Upon Request
f. Upon Consent
g. Upon Abandonment
4. File Motion For Relief From Automatic Stay
a. Grounds For Relief
b. Debtor's Defense To Motion
c. Valuation Of Property
d. Extent Of Relief
e. Hearing
f. Filing Motion
g. Order
G. Review Treatment Of Mortgages Under Plan
1. In General
2. Chapter 13 Plan
a. In General
b. Return Of Collateral
c. Acceptance Of Plan
d. Cramdown
e. Lien On Debtor's Principal Residence
3. Chapter 12 Plan
a. In General
b. Confirmation Process
c. Treatment Of Secured Claims
4. Chapter 11 Plan
a. Contents Of Plan
b. Requirements For Confirmation
c. Cramdown
d. Lien On Debtor's Principal Residence
IV. RELATED READINGS
V. FORMS
1. Instruction Letter
2. Engagement Letter
3. Mortgage Foreclosure Worksheet
4. Deed In Lieu Of Foreclosure
5. Grantor's Estoppel/Solvency Affidavit
6. Forbearance Agreement
7. Demand Letter
8. Alternate Demand Letter
9. Exhibit "...." (Fair Debt Collection Practices Act)
10. Letter To Title Company Requesting Partial Abstract
11. Complaint
12. Count For Receiver For Inclusion In Foreclosure Complaint
13. Order For Appointment Of Receiver
14. Notice Of Lis Pendens
15. Plaintiff's Affidavit Of Compliance With 28 U.S.C. Section 2410
16. Affidavit For Constructive Service
17. Motion For Default
18. Plaintiff's Motion For Appointment Of Attorney Ad Litem, Guardian Ad Litem, Or Administrator Ad Litem
19. Order Appointing Attorney Ad Litem, Guardian Ad Litem, Or Administrator Ad Litem
20. Oath Of Attorney Ad Litem, Guardian Ad Litem, Or Administrator Ad Litem
21. Answer Of Attorney Ad Litem, Guardian Ad Litem, Or Administrator Ad Litem
22. Plaintiff's Affidavit Of Defendant's Indebtedness
23. Plaintiff's Affidavit As To Costs
24. Plaintiff's Affidavit Of Attorneys' Time
25. Plaintiff's Affidavit Of Attorneys' Fees
26. Plaintiff's Affidavit As To Non-Military Service
27. Motion For Summary Final Judgment
28. Final Judgment Of Foreclosure
29. Notice Of Sale
30. Certificate Of Sale
31. Certificate Of Title
32. Certificate Of Disbursements
33. Order To Show Cause For Entry Of Final Judgment
34. Order To Show Cause For Order To Make Payments During Pendency Of Foreclosure Action Or To Vacate Premises
35. Notice Of Appearance And Request To Be Placed On Mailing Matrix
36. Letter To Trustee Regarding Estate Property
37. Motion For Relief From Automatic Stay Or For Adequate Protection
38. Letter To Trustee Requesting Execution Of Consent
39. Trustee's Consent To Motion For Relief From Automatic Stay
40. Letter To Trustee Requesting Abandonment
41. Report And Notice Of Trustee's Intention To Abandon Property Of Estate
42. Affidavit Of Indebtedness
43. Order Granting Motion For Relief From Automatic Stay
44. Objection To Debtor's Chapter 13 Plan
Quantity Discount
| 1-49 |
List Price |
| 50-9999 |
Purchase 50 or more and receive a 20% discount off the list price. |
Worldwide
Leadership
