Free

Fundamentals of Short Sales

Event Information

Share this event

Date and Time

Location

Location

Keller Williams Realty - Education Center

1230 Congress St

Portland, ME 04102

View Map

Event description

Description

COURSE DESCRIPTION: The class agenda includes an in-depth examination of the MARS (Mortgage Assistance Relief Services) Rules; an understanding of the risks and exposures of serving as an intermediary between a lender and a borrower annunciated in 32 M.R.S.A. 6171; and case standards for actual short sale transactions clearly demonstrating how lenders address approval issues.

LEVEL OF INSTRUCTION: Intended for all levels of real estate experience. INSTRUCTION FORMAT: Live lecture with questions and comments encouraged.

PROGRAM OBJECTIVES: To provide real estate agents seeking to promote short sale services with an understanding of:A. The risks involved with violating 32 M.R.S.A 6171. B. The risks involved with having an unhappy Seller who failed to short sale property due to realtor ineptitude. C. Interaction of Foreclosures, Bankruptcies and successful Short Sales D. The complex interaction of multiple lien holders, seeking maximum allocation of seller proceeds. E. The nuances of lender considerations based upon the initial loan documentation (FHA, VA, USDA, conventional, Maine State Housing Authority). F. Real estate agent understanding of new tax laws affecting real estate agent’s clients.

This course has been approved for 3 Continuing Education Credits by the Maine Real Estate Commission.

Share with friends

Date and Time

Location

Keller Williams Realty - Education Center

1230 Congress St

Portland, ME 04102

View Map

Save This Event

Event Saved