11
ROUNDTABLE SESSION 5 Eminent Domain and Vacant/Abandoned Property Legislation Update July 22, 2014 | BROADMOOR HALL D
ROUNDTABLE SESSION 5
Eminent Domain and Vacant/Abandoned Property Legislation Update
July 22, 2014 | BROADMOOR HALL D
Jim Deloach, Esq.Executive Vice PresidentButler & Hosch, [email protected]
SESSION SPEAKERSKris Murtha, Esq.Shareholder/Managing AttorneyKML Law [email protected]
Jon KuretichVice PresidentBank of America [email protected]
Russ Wirbicki, Esq.AttorneyWirbicki Law Group, [email protected]
Stacey BaumannVice President, Compliance & Government [email protected]
3
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
Forecasting
11
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
