Foreclosure Course Topics

 

• What Is a Foreclosure? 

• Foreclosures on the Increase 

• Reasons for Foreclosure

• Mortgage Fraud 

• Predatory Lending

• Foreclosure "Rescue" Scams 

The Process of Foreclosure Total 70 minutes 10:25-11:35

• Mortgage Theory and Ownership of Property

• Types of Foreclosure 

• The Foreclosure Process

• Professionals Involved in Foreclosures.

How Buyer-Clients Can Prevent Foreclosure Total 70 minutes 12:35-1:45

• Becoming Educated

• Choosing the Right Loan

• Staying Aware of Predatory Lending Practices

• Understanding Nontraditional Loan Programs

• What to Do If Payments Fall Behind (mortgage loan workouts, deed-in-lieu of foreclosure, short sales)

Getting Involved in the Foreclosure Market Total 80 minutes 2:00-3:20

• Foreclosure as Opportunity

• Who Should Buy a Foreclosed Property?

• Preparing Buyer-Clients on What to Expect

• Buying Property Pre-Foreclosure

• Foreclosure Business Niches

Working with REOs and REO Specialists Total 60 minutes 3:20-4:20

• REOs Before and After Foreclosure

• Working with a Listing Agent on an REO Property

• Writing the Offer

• Managing the Funds

• Working with Title Companies and Home Inspections

• Final Walk Through

• Other Revenue Opportunities