Lending to Tenants-in-Common Projects
StreamedFeb 22, 2022Duration90 minutes
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- Unlimited & shareable access starting
two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
When is tenancy in common preferable to other types of ownership structures?
Are there special documentation rules? Is tenancy in common more risky to your institution? What happens in the event of foreclosure? Attend this informative session to learn about this growing ownership structure.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Explain tenancy-in-common ownership and how it differs from other types of ownership
- Understand how to determine if the property is held as tenants in common
- Use the proper loan documentation to protect your institution if the property is held as tenants in common
- Distinguish between fractional and group loans, and which is the best in a given situation
- Explain the unique default and foreclosure problems associated with tenancy in common
Tenancy-in-common ownership is becoming more popular for both residential and commercial real estate property. Lending to tenants in common requires knowledge of the unique aspects of this type of ownership and how to handle them in the loan documents. It is a trap for the unwary. This webinar will explain all aspects of tenancy-in-common ownership from the lender’s perspective. Learn the special provisions that must be included in your loan documents and the other specific steps that must be taken to protect your institution.
WHO SHOULD ATTEND?
This informative session is designed for personnel involved in real property loans, including loan officers, loan operations staff, compliance staff, attorneys, auditors, and managers.
- Loan closing checklist for tenants-in-common projects
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
Spencer Fane LLP
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