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Course Details

HO278 Understanding HECM Default & Foreclosure

As an experienced HECM counselor, you know that the borrower is responsible for paying his own property charges, such as property taxes, hazard insurance and condominium fees, but what happens when he can't pay? In this course, you'll gain a better understanding of related HUD policies, the "vocabulary" of HECM servicing and guidelines for counseling HECM borrowers whose loans may become due because of unpaid property charges. Formerly named HECM Property Charge Loss Mitigation Counseling.

Course Length: 1 Days

Tuition: $360

Course counts toward a professional certificate (PCP): No