The family home is often viewed as a pillar of stability and economic well-being. But, death and divorce are two events that can rock families to their core. These events are often coupled with financial distress and can lead to the loss of the home. Mortgage servicers treatment of surviving spouses and divorcees too frequently exacerbate an already difficult situation. The refusal to provide information or consider successors in interest for loan modifications can quickly push a struggling family down the road to foreclosure. This webinar will cover the law surrounding assumption and loan modifications after the death or divorce of the borrower, and we will discuss practice tips for working with mortgage loan servicers in these situations.
Presenters: Tara Twomey (National Consumer Law Center)
This webinar is made possible by the Arizona Attorney Generals Office with funding from the National Mortgage Settlement.