Credit: 3.0 Credit Hours

Description: This program is designed to help you understand the residential foreclosure processes in the District of Columbia and Maryland. It will begin with the basics of mortgage lending, secured real property loans, and foreclosure sales, including the identification of key documents and players. You will learn about alternatives to foreclosure that may be available to borrowers, including the Home Affordable Modification Program. This class also will focus on foreclosure mediation programs, including how borrowers can take advantage of mediation, what happens at a mediation session, and how mediation can help lenders and borrowers avoid foreclosure sales. No prior knowledge of residential lending or foreclosure is necessary to attend this course.