(FIS) Foreclosure Intervention Specialist: Level III, Day 4, Ethics, Disclosures & Closing the Deal

Oklahoma City, OK

Sponsor:
First Mortgage Company

Location:
Rose State College
Training Center
1720 Hudiburg Drive
Oklahoma City, OK 73110

Cost: $279.00 (for both days, four and five)

Credit: No CE Credit.

Trainer:
Mildred Wilkins, President/Founder Home Ownership Matters, LLC
Former Fannie Mae Broker-Specialist

Get the training you need from someone who has:

1. Learned property valuation from Fannie Mae
2. Sold real estate/processed many successful short sales
3. Lost a home to foreclosure/I can teach you about deficiency judgment
4. Learn from a professional;

TO BECOME MORE PROFESSIONAL

August 17, 2009 8:30 AM - 4:30 PM

HAVE YOU HEARD? A certification program in foreclosure intervention.

DAY 4 OF 5 DAY TRAINING

Many consumers turn to licensees for help when they are facing one of the hardest challenges of their lives; the selling of their home when they are already in default, expect to go into default and/or realize the sale of their home will not net enough to cover their mortgage.

The (FIS) Foreclosure Intervention Specialist certification will set apart those agents who have taken extensive training to be prepared to handle the challenges associated with these types of transactions. It will become another way for agents to market themselves.

DAY 4 MATERIALS INCLUDES: Foreclosure Intervention Ethics (3-hours) an intense and interesting look at professional real estate practices following National Association of REALTORS guidelines as they pertain to Foreclosure Intervention and Prevention. The foreclosure problem has created a new set of challenges for REALTORS, which we will explore. What is the correct answer when a listing agent informs you just before a scheduled closing that the lender has approved commission at a rate lower than they had anticipated and they want you to agree to reduce your commission on the buy side of the transaction. We'll discuss the correct ETHICAL answer. 

Practical Application of Loss Mitigation. In this class we will discuss loss mitigation; you will be given a practical checklist for interviewing potential clients and learn the typical options for foreclosure intervention. In addition, you will be provided the actual Federal regulations, which are applicable, and we will discuss them in detail. The instructor will help you with details related to developing an intervention strategy.

August 18, 2009 9:00 AM - 3:00 PM

DAY 5 MATERIAL INCLUDES: Disclosures, Clear as Mud. The discussion of disclosures will focus on the heart of today's foreclosure problem - what disclosures are CRITICAL when handling a defaulted loan. Whether you have listed the home or recommended that the consumer seek the advise of another professional such as an attorney, it is crucial that you make certain disclosures AND document for your records that you have done so.

Getting to the Closing Table. You're breathing a sigh of relief now that you have an offer (or you have written an offer on a pre-foreclosure listing) but you are a long way from the closing table. We'll talk about the pitfalls and how to avoid them . Final Exam - Ace it and you're ready to intervene.