Consumer Debt Series: Real Estate Loan Workouts, Deeds in Lieu, Short Sales, Foreclosures, Deficiency Judgments & Receiverships

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Residential real estate loan problems continue to trouble financial institutions. There are several alternatives to consider when dealing with troubled real estate loans, including workouts, forbearance, deeds in lieu, short sales, foreclosures, deficiency judgments, and receiverships. Each option poses a certain amount of risk exposure, so making a mistake could result in losses that far exceed the loan amount. This webinar will explain all aspects, risks, and steps for each alternative, so you can properly evaluate which is best for each situation.


  • How to determine which alternative is best for the situation – workout, forbearance, deed in lieu, short sale, foreclosure, deficiency judgment, or receivership
  • Proper steps to handle each alternative
  • Protecting your institution from potential liability
  • What constitutes a troubled debt restructuring?
  • When you are required to issue Forms 1099-A and 1099-C


  • FFIEC’s Policy Statement on Prudent Commercial Real Estate Loan Workouts
  • Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key


This informative session is designed for staff involved in the real estate lending and collection process, such as loan officers, workout officers, loan operations personnel, collectors, attorneys, compliance officers, auditors, and managers.

ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. 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.

Originally recorded on May 22, 2018.

Recorded webinar link is available until November 30, 2018.

Free Digital Copy included with purchase to download and view beyond link expiration date.

Price includes sales tax.