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"The NEW Short Sale Rules for 2010"

 No seminars are scheduled at this time.
Pioneer Title Co
8151 W Rifleman St Boise  Idaho


Course Number E0769



Volume II Includes (New HAFA Program) E0769
  • The new short sale process from beginning to end
  • What loans are subject to the new program
  • How the servicers will evaluate the loans for short sale eligibility
  • What investor guidelines will still apply to your transactions
  • How the servicers use the NPV calculation to review your short sale vs. a REO
  • When the servicer will order the BPO/Appraisal
  • How the servicers will determine the list price or minimum net they require
  • The mandatory new clauses that must be included in all listing and purchase agreements
  • The expanded "Arms Length Transaction" rules and how they affect listings
  • The new mandatory holding period after a short sale closes before a property can be resold (anti-flipping rule)
  • When the Seller may have to make monthly payments during the listing
  • When and under what circumstances a servicer can terminate a short sale agreement
  • What minimum documents and information you must submit to the servicer in your short sale package
  • The time limits for approving short sale listings and offers
  • How much time you will have to list the property
  • When a foreclosure sale will be suspended and for how long
  • When a servicer must accept a short sale offer
  • How much time you will have to close your transaction
  • When a deed-in-lieu of foreclosure should be considered
  • The incentive compensation for 1sts, 2nds, servicers and borrowers
  • How the short sale will affect the seller's credit
  • When you will be entitled to earn a full 6% commission
  • The correspondence the sellers will receive
  • The required Hardship Affidavit and Financial worksheet
  • The conditions and terms in the new short sale forms in detail
  • The SSA form
  • The RASS form
  • The Alternative RASS form


The instructor for these courses 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...
No Seminars are scheduled at this time.  Please call 208-860-6786 for the date and time of our next class.


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