The Official Online Weekly Newspaper of NAHB
During a free webinar that will be held from 2:00-3:00 p.m. EDT on Tuesday, June 29, builders and a housing finance expert will provide advice on options for sustaining project financing after a bank or lender fails.
“Builder Loans in Bank Failures: A Survival Guide,” sponsored by Builders CoPilot and supported by NAHB’s Business Management & Information Technology and Housing Finance committees, will sort out contacting and negotiating with the Federal Deposit Insurance Corporation, dealing with an acquiring bank and seeking alternative financing.
Panelists also will discuss the documents and information that builders are required to provide, FDIC processes and procedures, developing builder/developer strategy plans and builder timeframes for action.
During the webinar attendees will learn:
- How to tell if their bank is at risk of failure and what to do if it is
- What to do if the FDIC or another back acquires their loan
- Strategies for avoiding or dealing with an FDIC receivership
- What NAHB resources are available (Visit the acquisition development and construction financing resources page on the NAHB website.)
Panelists include Michael Sivage, president of Sivage Homes in Albuquerque, N.M.; D. Rand Roan, principal with Apogee Partners, LLC, Plano, Texas; and James Edward Horne, president of Wilshire Homes, Austin, Texas.
Space is limited to the first 1,000 registrants.
For more webinar information, e-mail Agustín Cruz at NAHB, or call him at 800-368-5242 x8472.