Foreclosure Training
Wednesday, November 19 2008
by Leoneda Inge
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Some North Carolina lawyers are undergoing extra training today to better help homeowners battling foreclosure. More than 200 lawyers will gather in Cary and on the web to participate in the North Carolina Foreclosure Prevention Project. The new training is a joint effort between the state bar, the commissioner of banks and Legal Aid of North Carolina. Tom Steele is past chairman of the state bar's Real Property section. Steele says the special training will help teach lawyers how to perform Red Flag Reviews on loans:
"Maybe they violated a predatory lending law, you can tell that because the amount of points that were charged at closing, or the amount of closing costs were too high, something like that."
Two more foreclosure training seminars are scheduled for December - in Wilmington and Charlotte.
