This course discusses short sale transactions, short sale alternatives, the Home Affordable Foreclosure Alternative (HAFA II/Short Sale) and Home Affordable Modification Program (HAMP Tier 1 and 2), and the impact of short sales on buyers, sellers, and lenders. It also addresses the licensee’s role in a short sale, including how to prepare a short sale packet for a lender. Discussed also is the MARS Rule and how it applies to licensees assisting clients with short sales. The course concludes with a discussion of tenant rights during and after a short sale and types of lender fraud that may be attempted in short sale transactions.
3.00 Contact Hours
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Requirements: Internet access, e-mail, Internet Explorer web browser, and speakers or headphones. This course is not compatible with iPad or iPhone.
You will need to create a login for your online classroom. Instructions will be emailed to you after you have registered for the course.
All course lessons and applicable exams must be completed within 180 days. Access to the computer lessons will expire at midnight on the 180th day after enrollment. You have 90 days to access and review the course content after you have completed the last lesson in a course (regardless of when the course is completed within the 180 days from enrollment).
If you need more time, you may purchase a 60 day extension ($50 for each Pre-license, Post-license, and Broker course extension; $20 for each Continuing Education course extension). You will not be allowed to extend any course past 360 days from your original start date. Please call 470-578-6765 to purchase a course extension.
Existing Students can log in at www.mycoursepage.com.
If you have questions about this course, please contact the online coordinator at 470-578-3355 or email@example.com.