Course Name
Working With Foreclosures

Course Length
3 hours

DRE Credit
No

Who Should Take This Course
Agents, Brokers, and office managers, who want to understand all aspects of working with the distressed property process.

Course Introduction
Foreclosures and Short Sales are at an all time high and there has never been a better time to learn about these transactions than now. In this course you’ll learn about the various laws, regulations and processes that surround the distressed property transaction. Be trained on how to work with buyers, sellers and lenders to successfully complete a distressed property sale or purchase. This is your chance to help financially troubled sellers who may desperately need your assistance. Divided into six chapters, this course covers the many aspects of the buying and selling of distressed properties. Following the chapters are resources and a glossary to help you understand the many legal terms that are used throughout the course.

Upon Completion Of This Course You Will Be Able To

• Assist sellers in selling their distressed property
• Understand lender requirements and how to work with them on either side of the transaction
• Assist buyers in the purchase of distressed properties
• Understand the various laws and regulations that govern the sale and purchase of distressed properties
• Locate distressed properties

Course Chapters

• Assisting Sellers with Distressed Properties & Short Sales
• Assisting Sellers When There is a Notice of Default
• Helping Buyers Purchase Property in Foreclosure
• Understanding the California Foreclosure Process
• Working with Lenders and REO Property
• Sources for Finding Distressed Property

Subjects Covered

• Working with Lenders (Lender Approval, Lender Requirements, Earning Your Fee, REO Properties)
• Working with Sellers (Analyzing the market, Condition of the Property, Notice of Default, Equity Sellers)
• Working with Buyers (Home Equity Sales Contract/Contract Law)
• Loans, Notice of Default (NOD), Notice of Sale (NOS), Right of Redemption, Deficiency Judgments)

NOTICE: This course is not approved by the Department of Real Estate for Continuing Education credits

Check out Foreclosures: C.A.R.'s Comprehensive Guide. This C.A.R. publication makes the perfect companion to Working with Foreclosures. Purchase at store.car.org