On December 8, 2011 Rick Reier, a partner with Knudsen Law Firm, presented two sessions at the National Business Institute Seminar on “Nebraska Foreclosures and Workouts.” The first session covered topics related to the foreclosure process including notice requirements, hearings, sale procedures and recovering deficiencies. In the second session the focus turned to workout arrangements for troubled real estate loans and the various tools available to lenders, including forbearance and loan modification agreements, deeds in lieu and settlement agreements.