CORT Webinar: Helping Borrowers with Loans Sold through HUD's Distressed Asset Stabilization Program (DASP)

Description

Through its Distressed Asset Stabilization Program (DASP), HUD has auctioned over 100,000 FHA-insured mortgages, and private equity firms have purchased the vast majority of these loans. Unfortunately, it is extremely challenging for homeowner advocates to identify loans sold through DASP because HUD requires no notice to homeowners prior to the sale. Advocates must be prepared to address issues related to DASP in defending the foreclosure.

This webinar will discuss the basics of the Distressed Asset Stabilization Program, including how it relates to the standard FHA-insured loan process. We will then discuss basic legal arguments to consider when advocating for a client with a loan sold through DASP and some of the practical considerations advocates should raise.

After registering, you will receive a confirmation email containing information about joining the webinar.