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Identity Verification

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification Copy Copy

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification Copy

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.

Identity Verification Live – IDECC

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number to take the final exam.

Identity Verification Live – MF321DC-BR

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number to take the final exam.

Identity Verification Live

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number to take the final exam.

Identity Verification Live

You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number to take the final exam.

Red Flag Trends: Summary of the Real Estate Workout

Photo by Carson Masterson/courtesy of Unsplash.com

The Workout is not a bad word.  It’s a process of getting an asset from nonperforming to performing.  In this brief lesson, you will review a summation of the real estate workout as provided by lenders.

Lesson Learning Objective: By the end of this lesson, you will be able to explain the significance of a real estate workout.  

The Pre-Negotiation Letter

Photo by Pedro Lastra/courtesy of Unsplash.com

Most lenders usually now necessitate pre-negotiation agreements.  In this lesson, you will review the basics of the pre-negotiation letter.

Lesson Learning Objective: By the end of this lesson, you will be able to explain the significance of the pre-negotiation letter.

The Homeowner and the Real Estate Workout

Photo by Johnson Johnson/courtesy of Unsplash.com

Throughout this course, you have learned that a loan workout is a plan of how to reorganize debt when an investor is challenged with foreclosure on a real estate asset. The process is similar when it involves a home owner. In this lesson, you will receive an overview of the homeowner’s experience with the loan workout.

Lesson Learning Objective: By the end of this lesson, you will be able to understand the significance of a real estate workout to a home owner.

The Benefit of Being an Operator

Some Lenders are also Operators.  As a result, they are in a unique position to provide solutions to borrowers quicker than if they were only Lenders.  Insight into this unique position is shared within this lesson.

Lesson Learning Objective: By the end of this lesson, you will be able to identify several benefits an Operator-Lender provides.

Photo by John Unwin/courtesy of Unsplash.com

Red Flag Trends and Proactive Responses

Photo by Towfiqu Barbhuiya/courtesy of Unsplash.com

During COVID, the red flag was that much of the business and real estate in the world shut down.  In this lesson, trends or characteristics seen as red flags, tell tale signs that a workout is needed and lenders approaches when having a problem asset will be explored.

Lesson Learning Objective: By the end of this lesson, you will be able to examine loan red flags and lenders’ approaches to problem assets.

Potential Pitfalls of the Real Estate Workout

The COVID pandemic intensified the situation of hotels struggling to fill rooms and retail centers fighting to keep tenants afloat, in these real-world situations, a workout loan seems like the best possible scenario for owners/borrowers. In this lesson, you’ll continue the experience of receiving great information from industry experts.  Topics discussed include the lender perspective, the real estate workout not always being a golden parachute, advice to borrowers, additional workout considerations for lenders and borrowers and the acquisition side of real estate.

Lesson Learning Objective: By the end of this lesson, you will be able to make sense of real estate workout potential pitfalls.

Photo by Mikita Yo/courtesy of Unsplash.com

Distressed Real Estate Workouts and Taxes

Photo by Valentyn Chernetskyi/courtesy of Unsplash.com

The COVID-19 pandemic has wreaked havoc on the economy generally and with respect to many asset classes of real estate. The general consensus now is this unfortunate situation will not abate for some time in the future. Not surprisingly, with businesses closed, employees furloughed, and revenue streams severely challenged, many owners of real estate and their tenants are simply not making rent and debt service payments. When that happens, the value of the real estate is reset, leaving the equity and possibly some of the debt impaired.

Lesson Learning Objective: By the end of this lesson, you will be able to link the significance of tax consequences to distressed real estate workouts.