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Learn the importance of early intervention, default counseling, and the details of the Secure and Fair Enforcement for Mortgage Licensing (S.A.F.E.) Act including curable and incurable loss mitigation defaults. The qualifications, procedures and necessary documents to work with loss mitigation will be discussed. An overview of the tasks that real estate professionals are allowed to perform in short sale transactions under the new
S.A.F.E. Act law will be covered. Students will also learn about the various clauses, lender discount guidelines, the US Treasury’s Home Affordable Foreclosure Alternative (HAFA) program, and working with buyers regarding deficiencies under the Mortgage Forgiveness Act of 2007. Detailed reading material and resources on loss mitigation programs for Fannie Mae, Freddie Mac, FHA, VA, FDIC, credit unions and credit restoration will be provided.
Learn how to coordinate the short sale transaction correctly
S.A.F.E. Act - Federal Law - Be in compliance
Educate the homeowner on the new policy in listing their home as a short sale
U.S Treasury Short Sale, Deed-in-Lieu of Foreclosure Initiative
Qualifing the homeowner for the short sale
Working with Buyers in Short Sales
Author/Instructor :Cathy McDaniel
When & Where
KW Tucker Office
1957 Lakeside Parkway
Suite 520 Tucker,
GA 30084
Wednesday, March 16, 2011 from 9:30 AM to 12:45 PM (ET)
