Starting in 2010 a significant portion of all short sales will be subject to the new standardized rules and forms just issued by the federal government through the US Treasury Department's Home Affordable Foreclosure Alternatives (HAFA) program. This program is intended to expedite and standardize the short sale process through uniform rules, timeframes and forms
This seminar is not an introduction to short sales class. It is intended for agents who already have short sale experience and want to learn about the new government program and how it will change their existing short sale practice.
This program will be taught by Lance Churchill only one time this year. The class will be limited to the first 50 who sign up. Get a jump on your competition by being among the first agents to learn all about this new program and how it will apply to future short sales.
A Comprehensive Seminar that will cover the following:
*The difference between the HAMP and HAFA programs and when each must be considered.
*The criteria for borrowers to be eligible for the new federal program
*The new short sale process from beginning to end.
*How to calculate the Net Present Value (NPV) of a short sale.
*What investor guidelines will still apply in conjunction with the new rules.
*What factors could cause your short sale listing to be terminated.
*The rules for listing and pricing the short sale property.
*The new incentives for borrowers and lenders to participate in the program.
*What information will be required in the short sale package.
*When it is better for a borrower to agree to a Loan Modification or a Deed-in-Lieu of Foreclosure.
*When a foreclosure will be suspended and for how long
At This Seminar You Will Also:
* Receive and review copies of the borrower's Hardship Affidavit and Financial worksheet.
*Receive and review copies of the correspondence and program explanation that the borrowers will receive
*Receive and review copies of the new standardized form Short Sale Agreement (SSA) and Request for Approval of Short Sale (RASS).
*Learn and understand the conditions and terms in the new forms.
The instructor for this course is Lance Churchill JD, BS, a nationally known Short Sale Expert.
Mr.
Churchill has been an attorney for over 29 years. His law firm practiced
primarily in the areas of real estate law, creditor and debtor bankruptcy law,
business law and asset protection. During his legal career, his law firm served
as a foreclosure trustee representing dozens of lenders and servicers. He has also represented hundreds of property
investors and has been personally involved in hundreds of real estate and
business transactions. Mr. Churchill has personally reviewed over 6,000 pending
foreclosures for investment and profit opportunities. He knows foreclosures and
distressed real estate from all sides!
In 2000, Mr. Churchill created Frontline
Seminars, LLC with the goal to educate real estate professionals and investors
in all aspects of real estate. He has authored publications about real estate
law, distressed real estate, creative real estate techniques, landlord-tenant
practices, property management, and asset protection and tax strategies for
real estate professionals
Since its
founding, Frontline Seminars has presented courses to over 10,000 real estate
agents and investors. Mr. Churchill has written
articles, been interviewed by, and been cited as an expert on Foreclosures,
Short Sales, REO properties and other aspects of distressed real estate. by
N.A.R. (National Association of Realtors®), C.A.R. (California Association of
Realtors®), Realtor Magazine, Realtor Online, The New York Times, Fox News, The
Chicago Tribune, and the Idaho Statesman among others
Register early as seating is limited to only fifty attendees.
To register please make sure to check the box to the left of the event listing and fill out your billing information...
Session on the 17th is SOLD OUT! IDP is offering a special OVERFLOW Session on Friday the 18th. Please Register Below!
Data
on this site is for informational purposes only and is not intended as
a substitute for individual due diligence and analysis or any type of
professional advice.
