Broadcast Date: Thursday, May 28, 2020
from 12:00 pm to 1:00 pm (ET)


This webinar will provide an overview of reverse mortgage defaults inclusive of the verification process and foreclosure litigation involving reverse mortgages.

Join Litigation Partner Chris Picard (McCalla Raymer Leibert Pierce, LLC) as he:

  • reviews the grounds for default including, move-out, non-payment of taxes and insurance and failure to maintain property;
  • reviews the requirements for servicers to verify default to obtain HUD authorization to foreclosure on non-death defaults;
  • provides insight on options for non-borrower spouse on pre-201 and post-201 reverse mortgages insured by HUD; and
  • discusses the current trends in litigation concerning reverse mortgages including, but not limited to, non-borrower spouse claims, claims of non-default, and issues concerning fraudulent conduct by caregivers.


Course Level:



Advance Preparation:

Print and review course materials


Method of Presentation:

On-demand Webcast (CLE)



General knowledge of reverse mortgages


Course Code:



NY Category of CLE Credit:

Areas of Professional Practice


Total Credit:

1.0 CLE



Christopher Picard, Esq., Partner
McCalla Raymer Leibert Pierce, LLC

Mr. Picard began practicing law in 2000 after serving in the United States Navy as a diver from 1987 to 1993.

Chris’ practice for the last 19 years has centered on handling creditor’s rights issues in state, federal and bankruptcy courts.  He has been with McCalla Raymer Leibert Pierce LLC or its predecessor for the last 12 years handling trials, appeals and related aspects of default servicing litigation.

Outside of the practice of law, Mr. Picard is an active rugby referee and a judicial officer for World Rugby.


Christopher Picard, Esq.Partner McCalla Raymer Leibert Pierce, LLC

  • Reverse Mortgage Default Types
    • Passing of Borrower(s)
    • Move-out
    • Non-payment of tax, insurance and HOA dues
    • Failure to maintain property
  • Litigation Issues
    • Improper default
    • Potential issues concerning the negotiability of the loan documents

Date & Time:

Thursday, May 28, 2020

12:00 pm to 1:00 pm (ET)

Who Should Attend:

  • Loan Originators
  • Servicers of Reverse Mortgages and Foreclosure Counsel
  • Litigators


Christopher Picard, Esq.Partner
McCalla Raymer Leibert Pierce, LLC



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