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Course Description
We know short sales continue to be a part of today's real estate market and will likely be around over the next few years. Have you been avoiding them? Have you had bad experiences with them? Buyers and Sellers need the help of competent real estate professionals to navigate the short sale process. The goal of this course is to provide you with the tools you can apply to your business immediately so that you can protect the public interest while incorporating short sales successfully and confidently.
Course Objective
At the conclusion of this course students will be able to:
- Recall housing statistics and relate them to current market conditions
- Interpret short sale procedures and timelines
- Implement procedures designed to examine and asses various short sale options
- Integrate competent handling of short sales into their business practice
- Engender cooperation between buyers, sellers and lenders using the knowledge they have gained regarding the short sale process
Table of Contents
Introduction
Unit 1 - Overview of Short Sales - Time in course 20 minutes
- Annual Sales
- Housing Units
- Foreclosure History
- National Projections
Unit 2 - Down Markets, Expectations & Timelines- Time in course 45 minutes
- Addressing a down market
- Pre-2007 and the new process of short sales
- Manage Expectations
- Typical Timeline
- Short Sale Addendum
Unit 3 - 7 Keys to Success - Time in course 55 minutes
- Qualify the Seller
- Managing the Listing
- Qualify the Buyer
- Assemble Quickly & Submit the Package
- HAFA & HAMP
The course is available for 2 hours of credit. It contains numerous instructor assessments in the classroom and the online course contains multiple choice exams, interactive exercises, and is completed with a multiple choice final exam.
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