This course is an overview of short sale transactions, alternatives to short sales, how short sales affect buyers, lenders and sellers, the Home Affordable Modification Program (both HAMP Tier 1 and 2 are included) and the Home Affordable Foreclosure Alternateive (HAFA II/Short Sale). Highlights include defining what a licensee's role is in a short sale and how to put together the packet needed in a short sale for a lender. Addtional topics include how the MARS Rule affects real estate licensees who are working with a client on a short sale, tenant rights in relation to a short sale and also the kinds of lender fraud that licensees should be on the lookout for during the process of short sale.
3 Contact Hours
Prerequisite: Must be 18 years of age and have either a high school diploma or its equivalent before enrolling in the course.
Requirements: Internet access, e-mail, and speakers or headphones. Google Chrome is best, Microsoft Edge or Mozailla Firefox can work. Note that the class is not compatible with the Safari browser. This course is not compatible with iPad or iPhone.
Note: You will be contacted by the Online department within 3-5 business days of registering in order to provide you with login instructions.
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.
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). The extension starts on your expiration date. You will not be allowed to extend any course past 360 days from your original start date. Please call 470-578-6693 to purchase a course extension.
For our online course refund policy, click here.
If you have questions about this course, please contact the online coordinator at 470-578-6693 or email@example.com.