Foreclosure Transactions in New York: Process, Risk & Consumer Protection

Description

Elective for License Renewal

Instructor: Lino Mendogni

CE Credit Hours: 3.0

Navigate one of the most complex areas of real estate with confidence. This course provides a clear, practical understanding of foreclosure transactions in New York, with a strong focus on protecting your clients and staying compliant.

You’ll learn how to guide buyers, sellers, and distressed homeowners through each stage of the foreclosure process—from pre-foreclosure to auction to REO—while identifying risks, timelines, and opportunities along the way. Emphasis is placed on ethical practice, consumer protection, and helping clients make informed decisions in high-stress situations.

What You’ll Learn

Understand the foreclosure process in NY: from lis pendens to auction and REO

Advise distressed homeowners: loan modifications, short sales, and other options

Work with buyers effectively: pre-foreclosure, auction purchases, and REO properties

Navigate short sales: lender approvals, timelines, and seller impact

Manage risk: title issues, liens, occupancy concerns, and red flags

Stay compliant: agency, fair housing, and avoiding foreclosure-related scams

This course is ideal for agents looking to expand their knowledge, protect their clients, and confidently handle foreclosure-related transactions in today’s market.