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ROUNDTABLE SESSION 5

ROUNDTABLE SESSION 5. Eminent Domain and Vacant/Abandoned Property Legislation Update. July 22, 2014 | BROADMOOR HALL D. SESSION SPEAKERS. Kris Murtha, Esq. Shareholder/Managing Attorney KML Law Group kmurtha@ KMLLawGroup.com. Russ Wirbicki, Esq. A ttorney Wirbicki Law Group, LLC

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ROUNDTABLE SESSION 5

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  1. ROUNDTABLE SESSION 5 Eminent Domain and Vacant/Abandoned Property Legislation Update July 22, 2014 | BROADMOOR HALL D

  2. SESSION SPEAKERS Kris Murtha, Esq. Shareholder/Managing Attorney KML Law Group kmurtha@KMLLawGroup.com Russ Wirbicki, Esq. Attorney Wirbicki Law Group, LLC rwirbicki@wirbickilaw.com Jon Kuretich Vice President Bank of America jon.kuretich@bankofamerica.com Stacey Baumann Vice President, Compliance & Government Relations MSI stacey.baumann@msionline.com Jim Deloach, Esq. Executive Vice President Butler & Hosch, PA jimd@butlerandhosch.com

  3. Questions for the Panelists? • You can submit them by: • Visiting this session’s question link: https://www.polleverywhere.com/free_text_polls/LQEVK4XU7kg0PjM/web • Texting 588955 and your question to: 22333 • Visiting our Poll site for access to all of our Session polls/questions: https://www.polleverywhere.com/alfn • Ask questions or make comments verbally by using the microphones provided in the session room

  4. Legislative Updates Eminent Domain Legislation Understanding the concept Communities with actual legislation: Only 2 – Richmond, CA and Irvington, NJ- neither of which have exercised or been able to exercise the power yet Communities contemplating legislation Where they are and what they have in common Overview of proposed Legislation

  5. Legislative Updates Vacant & Abandoned Property Legislation Understanding the concept States with existing V&A legislation or vacant property registration Examples: CO, NJ & TX Overview of existing and proposed legislation Using V&A for good

  6. Legislative Updates

  7. Property Foreclosure Foreclosure of properties subject to Eminent Domain or Vacant & Abandoned Laws Current Practice Internal Processes (servicer) Legal Issues (attorneys) Anticipated Changes Looking for these loans in portfolios How to assess when special handling is needed or valuable

  8. Forecasting Forecast for Eminent Domain and Vacant & Abandoned Laws and Actions Will they reduce foreclosure or REO backlogs? Will they be needed once the “crisis” has passed?

  9. Forecasting

  10. Forecasting

  11. Questions for the Panelists? • You can submit them by: • Visiting this session’s question link: https://www.polleverywhere.com/free_text_polls/LQEVK4XU7kg0PjM/web • Texting 588955 and your question to: 22333 • Visiting our Poll site for access to all of our Session polls/questions: https://www.polleverywhere.com/alfn • Ask questions or make comments verbally by using the microphones provided in the session room

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