Short Sale: Not Your Typical Transaction

Jan 8, 2009 8:00 am (Thursday) to
Jan 9, 2009 5:00 pm (Friday)
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Event details: Short Sale: Not Your Typical Transaction
Description
PENSACOLA, FLORIDA
Sponsor: Home Ownership Matters Institute
Location: Cottages on the Green
Pensacola, FL 32507
CONTACT: Mildred Wilkins, president of Home Ownership Matters
Phone: (866) 507-5105
Email: mwilkins@homeownershipmatters.com
COST: $359.00 (includes continental breakfast/lunch, as well as text books needed for class, all courses have an early bird special rate when paid 30+ days in advance ($299.00))
Housing for Florida classes: Cottages on the Green. Speak to Valerie for a special rate of $76.88 per night including taxes.
http://www.perdidobaygolf.com/golf/proto/perdidobay/
Instructor: Mildred Wilkins, president
Home Ownership Matters, LLC
Former Fannie Mae Broker-Specialist
You've just gotten a call from a potential client who is upside down and you don't know where to start. Listing a home when the mortgage is more than the market will bear is NOT for the faint of heart. While the expertise you need can be acquired, it's not as simple as a 30-minute infomercial on short sales. The biggest challenge is knowing what questions to ask to avoid stepping on a land mine. It's a whole new ballgame.
This 8-hour "primer" gives you enough information to clearly determine when short sale is a viable option. Once that has been established then determining the optimum price, listing details, strategies for negotiating with the lender as well as effective tools to challenge the appraisal as a listing agent. There are a number of disclosures which are critical to avoid possible liability for yourself, your broker and/or your client. We'll cover those as well.
You'll also take a close up look at the responsibilities on the buy side, get clarity about the risks and how to side step them. Learn to navigate this new terrain created by an ever increasing number of upside down listings with the knowledge you gain from attending.
Learn how to LIST & SELL an upside down property!

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