Foreclosure Alternatives Forum

1. Foreclosure's effect on credit score
2. The consequences of Bankruptcy
3. The Timing and Success of Short Sales
4. Loan Modifications and their failure rates

This class is not a clock hour class.  It is a free two hour class for homeowners and real estate, accounting and legal professionals.

Certified  Short Sale Specialist (CSSS) Boot Camp 

Course Overview
Overview & Administration
Introduction
Section 1: The Short Sale Market
Market Environment
Market Direction
What is the duty owed to seller?
Realtor as asset manager/liquidator
Section 2: The Big Picture
What is a Short Sale?
How Do Sellers Benefit?
How Do Lenders Benefit?
When is a Short Sale Highly Likely?
When is a Short Sale Highly Unlikely?
Sellers Options
Section 3 Listing the Short Sale
Disclosures and Protections
Possible Tax Ramifications
Recourse vs. Non-recourse Loans
Agent Protections
Section 4: Short Sale Submission
Intake
Date File sent to lender(s)
Date confirmation file received by lenders
Lost or missing files supplemented
Short Sale Checklist
Hardship Letter
Short Sale Application
Recent Financial Statements Section 5: The Short Sale Process
Open Market Seasoning
Pricing
The Short Sale Offer
The bank's negotiator
Appraisals / BPO’s
The HUD-1
Section 6: The Paradigm Shift
Foreclosure Timeline
The sales timeline
Quick listing
Delayed listing
Use of the land trust
Section 7: Case Studies
Case Study 1
Case Study 2
Case Study 3
Section 8 Building a business in distressed sales
Short sale business planning
Obtaining the leads
Underwriting the leads
Processing the leads
Section 9 Conclusion
Conclusion
Students are eligible to receive our 150-page manual filled with additional information we just can’t cover in 8-hours, plus a collection of forms specifically designed to aid you in your Short Sales.