ROUNDTABLE SESSION 5

transcript

Eminent Domain and Vacant/Abandoned Property Legislation Update

July 22, 2014 | BROADMOOR HALL D

Jim Deloach, Esq.Executive Vice PresidentButler & Hosch, PAjimd@butlerandhosch.com

SESSION SPEAKERSKris Murtha, Esq.Shareholder/Managing AttorneyKML Law Groupkmurtha@KMLLawGroup.com

Jon KuretichVice PresidentBank of America jon.kuretich@bankofamerica.com

Russ Wirbicki, Esq.AttorneyWirbicki Law Group, LLCrwirbicki@wirbickilaw.com

Stacey BaumannVice President, Compliance & Government RelationsMSIstacey.baumann@msionline.com

Questions for the Panelists?You can submit them by:

•Visiting this session’s question link: https://www.polleverywhere.com/free_text_polls/LQEVK4XU7kg0PjM/web

•Texting 588955 and your question to: 22333

•Visiting our Poll site for access to all of our Session polls/questions: https://www.polleverywhere.com/alfn

•Ask questions or make comments verbally by using the microphones provided in the session room

Legislative UpdatesA. Eminent Domain Legislation

i. Understanding the conceptii. Communities with actual legislation:

i. Only 2 – Richmond, CA and Irvington, NJ- neither of which have exercised or been able to exercise the power yet

iii. Communities contemplating legislationi. Where they are and what they have in common

iv. Overview of proposed Legislation

Legislative UpdatesB. Vacant & Abandoned Property Legislation

i. Understanding the conceptii. States with existing V&A legislation or vacant

property registrationi. Examples: CO, NJ & TX

iii. Overview of existing and proposed legislationiv. Using V&A for good

Legislative Updates

Property ForeclosureA. Foreclosure of properties subject to Eminent Domain or

Vacant & Abandoned Lawsi. Current Practice

i. Internal Processes (servicer)ii. Legal Issues (attorneys)

ii. Anticipated Changesi. Looking for these loans in portfoliosii. How to assess when special handling is needed

or valuable

ForecastingA. Forecast for Eminent Domain and Vacant & Abandoned

Laws and Actionsi. Will they reduce foreclosure or REO backlogs?ii. Will they be needed once the “crisis” has passed?

Forecasting

Questions for the Panelists?You can submit them by:

•Visiting this session’s question link: https://www.polleverywhere.com/free_text_polls/LQEVK4XU7kg0PjM/web

•Texting 588955 and your question to: 22333

•Visiting our Poll site for access to all of our Session polls/questions: https://www.polleverywhere.com/alfn

•Ask questions or make comments verbally by using the microphones provided in the session room

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