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Event Details
THIS AMERICAN REAL ESTATE UNIVERSITY COURSE IS HOSTED BY
THE REALTOR ASSOCIATION OF GREATER MIAMI AND THE BEACHES
Certified REO Specialist in SPANISH
Nov. 2 and 3, 2009
8:30am Registration - 9am - 5pm Seminar
RAMB North | 1550 N.E. Miami Gardens Dr.
Ste 400 | Miami, FL 33179
BPOSs and REO Listings
Completing this course will provide you an overview of a BPO (Broker Price Opinion) format and review all the opinion questions that you may be ask by a lender or mortgage servicer regarding a pre-foreclosure or short sale property. You will also learn the job description of an REO (Real Estate Owned) listing agent and what requirements are needed to apply for the job. Everything about the REO business is time sensitive.
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Managing Your REO Listing
This course will cover securing, listing and marketing instructions required by your REO client in managing their asset/property. REO sellers provide over 30 management forms for pre and post closing, property maintenance, vandalism and reimbursement procedures
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Working With The Buyer Purchasing an REO Property
Working with a buyer interested in purchasing an REO property is different from working with a local seller. REO sellers are not local. They have specific policies, procedures, addendums and timeline schedule to submit offers and complete a sales transaction on their property. These instructions vary in the REO arena. Nothing is standard. Buyers must read, understand and agree to these various requirements prior to submitting an offer. You will learn what these requirements are in this class.
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Financing Your REO Transaction
It is a great time to buy! It is a great day to buy! Interest rates are below 5%, great selection of inventory and sellers are willing to roll out the carpet in buyer concessions to entice them to visit their property. Many changes in the mortgage arena last year and more to come. Financing an REO "as is" property today can be challenging. During this course study you will learn many new laws and regulations, qualifications and various "buy and repair" finance programs to purchase a home that needs "TLC" or the heating and AC unit is missing. We will discuss market conditions, future forecast regarding market value, declining area, over supply, and absorption rate, provisions of Regulation Z, IRS rules regarding "deficiencies" new regulations for appraisers plus the "Making Home Affordable" plan that the Obama Administration announced Wednesday, March 4th and much more.
Author: Cathy McDaniel
Instructor
Martha Pomares
ABR, CIPS, CRS, e-Pro, GRI, CLHMS, TRC, REOS
Hispanic Education Director
American Real Estate University
Registration:
RAMB Members $129
Non-Members $179
(Membership will be verified
and charged accordingly)
When
Thursday, February 25, 2010 at 9:00 AM
- to -
Friday, February 26, 2010 at 5:00 PM (ET)
Add to my calendar
Where
RAMB North
1550 N.E. Miami Gardens Dr.
Ste 400
Miami,
FL 33179
Other Maps:
Hosted By
American Real Estate University
