VARbuzz: HUD offering preforeclosure training for real estate pros

Got a client who’s in preforclosure — where the lender has filed a default notice, but the owner can still sell it?

FHA is offering a free webinar for real estate pros in Delaware, Maryland, Pennsylvania, Virginia, Washington DC, and West Virginia on its Preforeclosure Sale Program. It’s Thursday, July 12 from 2:00 to 4:00 PM.

Quoth:

At the end of this course, you will be able to:

• Describe how HUD Servicers are required to apply loss mitigation tools to customers in need.
• Identify the benefits, features, and qualification criteria for FHA’s Preforeclosure Sale Program.
• Recognize the difference between the market/appraised value for a property and the minimum acceptable net sale proceeds.
• Identify Realtor “Best Practices” when utilizing FHA’s Preforeclosure Program.

Click here to register (it’s free).

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