Short Sale Training Courses & Certifications

EDUCATION

NAR Short Sales and Foreclosures (SFR): What Real Estate Professionals Need to Know
Designed for real estate professionals at all experience levels, the National Association of REALTORS® (NAR) Short Sales and Foreclosure Resource (SFR) certification, gives you a framework for understanding

•    Direct distressed sellers to finance, tax and legal professionals
•    Qualify sellers for short sales
•    Develop a short sale package
•    Negotiate with lenders
•    Tap into buyer demand
•    Safeguard your commission
•    Limit risk
•    Protect buyers

Short Sales and Foreclosures: Protecting Your Clients Interests (CRS 111)
This course explains the intricacies of the short sale and foreclosure processes, as well as the roles of lenders, sellers, buyers, and cooperating agents involved. Dialogues and systems for working with financial institutions and other owners of REO properties are provided.

NAR REBAC Short Sales and Foreclosure Course for REBAC-Licensees Only
This course helps students evaluate all available options for distressed homeowners and identify the components of an effective short sale package.  Explores how real estate professionals can counsel buyer-clients in the purchase of foreclosure properties.

Home Affordable Foreclosure Alternatives (HAFA): Real Estate Professional Education and Certification Program

C.A.R. Residential REO Buyer Specialist

Freddie Mac – REO Training for brokers

REO Training Solutions

Freddie Mac Selects REO Training Solutions to Provide New Homesteps® Brokers with on-line Training

WEBINARS, VIDEOS & PODCASTS

Session from 2010 NAR Conference & Expo – Short Sales: Is HAFA the Answer (Nov 7)

C.A.R. Legal Live Webinar, “Short Sales,” presented by Stella Ling, C.A.R. senior counsel (March 1, 2010)

HAFA/Foreclosure Alternative Market Update & Insights”
Presented by C.A.R. Education and Ray Mathoda from AssetPlanUSA

Distressed Properties
Presented by C.A.R. Education and the California Association of Mortgage Professionals.

NAR Pre-recorded Webinar:  Introduction to Short Sales
(CRS) Council of Residential Specialists

Short Sales and Foreclosures: Protecting Your Clients’ Interests (CRS 111)

Short Sales: Finding Income in a Tough Market

NAR Pre-recorded Webinar:  Foreclosures

REALTOR® Mag: Short Sales Webinar with Bank of America and Lynn Madison

Listed on C.A.R. Legal (log-in required)

PODCASTS

NAR Podcast:  Short Sale Risks (log-in required)

C.A.R. Foreclosure Prevention Library

Short sales have spilled over into virtually every corner of the state, and in some areas, sales of distressed properties now make up the majority of transactions. The increase in short sales has led to the creation and use of a variety of the Foreclosure Prevention Library located in zipForm® 6 help manage these complicated transactions. Visit the CAR zipForm page on www.car.org to download the library

The library consists of the following titles:

Proposition 8 – Property Tax Relief
Tips for a Short Sale Seller
Tips for a Short Sale Buyer
Foreclosure or Short Sale?
Foreclosure Prevention Resources
Short Sale Process, Foreclosure Timeline
Homeowner Liability After Foreclosure
Avoiding Foreclosure Scams, Alternatives to Foreclosures.

Each title contains helpful information for homeowners who are facing the possibility of foreclosure. REALTORS® can customize each document with their contact information and distribute them to their clients who will benefit from this information.

C.A.R. DISTRESSED Properties Library

C.A.R.’s Distressed Properties Library is an add-on library providing REALTORS® with necessary forms on HAMP. The library consists of the following titles:

Alternative Request for Approvals of Short Sale
DIL Agreement – Exhibit C
Intro of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure
Requests for Approval of Short Sale – Exhibit A1
Short Sale Agreement – Exhibit A
Transaction Cover Sheet
Agent’s Short Sale pre-Screening Checklist
Hardship Checklist
Short Sale Package Checklist
Short Sale Contract
Short Sale Cover Letter

Visit www.car.org for pricing and other details.