Online CPD Module l Booklet l PowerPoint Presentation
Package Fee (incl GST)
- $91 - NZLS members and Associate members
- $121 - Non-members
Note: Access to the online files is via your "My CPD" page. If you would like to purchase multiple packages, please contact us here.
Online CPD Module
Presentation time: 60 minutes
Knowing how to effectively manage mortgagee sales is essential for achieving positive outcomes for clients.
Practitioners need to employ a wide range of skills and problem solving approaches to deal with this challenging process.
This webinar will take a practical approach by working through and highlighting relevant issues in factual scenarios that practitioners are often faced with in this environment.
Please contact us if you use a dial up internet connection.
Authors: Justin Toebes
Published: 27 November 2014
View contents page
Mortgagee sales are thought of as risky transactions.
A mortgagee sale is a sale of property (an interest in land or personal property) and will contain the usual elements and issues that arise in any sale transaction; except for the added elements:
- That the mortgagor may not be a co-operative, or even an adversarial, participant in the mortgage sale process; and
- The mortgagee does not necessarily know a lot about the property for which it is about to exercise power of sale.
The purpose of this paper is to show by way of some examples that even in the most difficult circumstances a mortgagee sale can be completed and successfully – the measure of that being that the sale was settled and the best price reasonably obtainable at the time of sale was, without doubt, achieved.
This paper concentrates on the issue of vacant possession and is intended to show that with persistence and cleverness the obstacles placed in the path of a mortgagee, even by the most belligerent mortgagor, can be successfully overcome.
The same approach will apply to other obstructions to completion of a mortgagee sale.
You will be able to:
- Identify potential issues that may arise in a mortgagee sale.
- Have the confidence to deal with them as they arise.
These are the slides included in the presentation.
Number of Slides: 14