Residential Mortgage Litigation Forecast: Preparing for a Possible Foreclosure Crisis on the Horizon
Thomas N. Abbott
Senior Attorney
Perkins Coie LLP (San Francisco, CA)
McGuire Boyd
Partner
Williams Mullen (Richmond, VA)
Michele Stocker
Co-Chair, Consumer Financial Services Litigation Practice
Greenberg Traurig, P.A. (Fort Lauderdale, FL)
- Examine trends in litigation over bankruptcy discharge violations, inadequate foreclosure notice, and insufficient loss mitigation pre- and amid COVID-19
- Engage in dialogue with industry leaders on how to navigate the greatest disruption to the housing market since the Great Recession
- Analyze the impact of payment deferment plans and forbearances and government-mandated suspension of foreclosures and evictions on the mortgage industry
- Anticipate a range of disputes between stakeholders – homeowners and servicers, servicers and trust holders, lenders and government – after the pandemic
- Assess whether a foreclosure crisis is likely to materialize as temporary deferments and suspensions expire, as well as additional measures the government may take to deter such a crisis