Personal tools

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

Document Actions
  • Details:

  • Starts: 04/28/2016 - 01:00 PM

  • Ends: 04/28/2016 - 02:00 PM

  • Interest Area:

Consumer Law

  • Information:

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.

  • Trainers:

Presenter: Steven Sharpe

Steven Sharpe is a Senior Attorney in the Hamilton office of the Legal Aid Society of Southwest Ohio, LLC, where he represents borrowers facing foreclosure and children in child protective services cases. He previously worked at the Bloomington office of Indiana Legal Services, Inc. where he started advocating on behalf of low-income homeowners in 2005 with a two-year Skadden fellowship. He has been active in national efforts to address problems with the servicing of FHA-insured and USDA-guaranteed mortgage loans. He has contributed to National Consumer Law Center’s Foreclosures and Mortgage Servicing manual on issues related to FHA-insured loans, and he contributed a chapter on government insured loans to Ohio Consumer Law. His article addressing strategies for defending foreclosures of FHA-insured loans appeared in the March/April 2013 edition of the Clearinghouse Review: Journal of Poverty Law and Policy. He is a frequent presenter at national, state, and local conferences on mortgage and litigation issues. Steve is a 2005 graduate of the Indiana University School of Law where he graduated magna cum laude and was the Executive Notes & Comments Editor of the Indiana Law Journal.

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