Through its Distressed Asset Stabilization Program (DASP), HUD has auctioned over 100,000 FHA-insured mortgages, and private equity firms have purchased the vast majority of these loans. Unfortunately, it is extremely challenging for homeowner advocates to identify loans sold through DASP because HUD requires no notice to homeowners prior to the sale. Advocates must be prepared to address issues related to DASP in defending the foreclosure. This webinar will discuss the basics of the Distressed Asset Stabilization Program, including how it relates to the standard FHA-insured loan process. We will then discuss basic legal arguments to consider when advocating for a client with a loan sold through DASP and some of the practical considerations advocates should raise. This session follows up on the February 10, 2016 session on FHA-insured loans and will not directly cover the basics for defending FHA-insured foreclosures. The February 10, 2016 session is available for viewing in the HOPP web portal on http://www.empirejustice.org/  

Presenter: Stephen Sharpe, Legal Aid Society of Southwestern Ohio

Register for WEBINAR at: http://support.empirejustice.org/site/Calendar?view=Detail&id=104984

 Registration is limited to 100 participants. If there are multiple people in one office that would like to attend, we ask that you register only one person and view as a group.

Please note, CLE credit will not be given for this webinar.

If you require a special accommodation to attend this webinar, please contact Michelle Peterson, Training Manager, no later than April 13th with you request. mpeterson@empirejustice.org