Survival Skills in an "Upside Down" Real Estate Market
Recorded in Los Angeles
June 3, 2009
(includes Handout)
(3 hours MCLE credit, including 1 hour "Legal Ethics")

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Because you viewed this program on RutterOnline,
you are entitled to a special price on
California Practice Guide: Real Property Transactions,
California Practice Guide: Landlord-Tenant.
Please call (800) 747-3161, ext. 2 for more information.
Focus
Real estate lawyers, in today's down market, are being thrust into unchartered territory. Their clients, more than wanting to "make" the deal, are looking for ways to "fix" the existing deal. Old remedies are not necessarily working. Bankruptcy is not always the only or, indeed, the best option.

What to do? Our panel of experts - a real estate lawyer, a certified financial planner and a real estate broker - will guide you through a myriad of innovative solutions to ease the financial burdens on your clients and appease the lenders. You will learn about new federal and state legislation, "short sale" alternatives, workouts and "tried and true" tactics for negotiating around threatened foreclosure. You will also hear essential tips for avoiding the special ethical traps in this unique area of practice.

Whether you are a seasoned practitioner in the field or a novice, this is a don't-miss program for all lawyers handling real estate transactions.

Highlights
New Federal and State Legislation

Strategies to Avoid Foreclosure

• Moratoriums
• Refinancing
• Loan Modifications (ways to "reopen the door")
• Workouts
• Deeds in Lieu
• Bankruptcy (pros and cons)

Short Sales
• Advantages vs. Disadvantages
• Orchestrating the Best Short Sale Deal
• CAR Short Sale Addendum
• "Must-See” Websites

Commercial Property Issues
• Dealing With Lenders When the "Rent Roll" Suffers From Tenant Defaults/Abandonments

Tax Consequences
• Debt Forgiveness
• Recourse vs. Nonrecourse Loans

Advertising and Compensation Issues
• Attorneys, Brokers, Lenders and Foreclosure Consultants
• Advance Fees
• Fee-Splitting
• Unauthorized Practice of Law Complications

Panelists
Gary Fleishman, Moderator -- -- Coldwell Banker Residential Brokerage, Branch Manager, San Marino
Jose A. Mendoza -- Klinedinst PC, Los Angeles
Jessica Lanning, JD -- Certified Financial Planner™ and Certified Mortgage Consultant, San Francisco