Short Sale Basics 101: An Overview of the Short Sale Process
Short Sale Basics is a 3-hour, live-lecture course for anyone interested in learning more about short sales. Topics include: the initial interview with the seller, "putting it all together," accepting the offer, and processing the short sale. Participants will also earn 3 hours of continuing education credits which may be applied toward their DRE license renewal.
Instructor
Vanessa Liddell
Audience
Any licensee interested in understanding Short Sales
Objectives
- Explain the short sale process to clients
- Identify properties and sellers that qualify for a short sale
- Complete short sale paperwork accurately the first time
Materials Provided
- Comprehensive 50-page workbook which includes the presentation, sample letters and worksheets.
- Samples of the following C.A.R. Standard Forms:
- Short Sale Listing Addendum (SSL)
- Short Sale Addendum (SSA)
- Purchase Agreement Addendum (PAA)
- Home Equity Explanation and Agency Agreement (HEEAA)
- Notice of Default Purchase Agreement (NODPA)
- Notice of Cancellation of Notice of Default Purchase Agreement (HENC)
- Authorization to Receive and Convey Information (ARC)
