Short Sale and Foreclosure Resource® (SFR)
A recent NAR survey revealed that nearly one-third of all existing homes sold in 2009 were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.
The key topic studied are:
qualifying sellers for short sales
developing a short sale package for presentation to the lender
negotiating with lenders
tapping into buyer demand
limiting risk to protect buyer
provides resources to help REALTORS® stay current on national and state-specific information
To earn the SFR certification, REALTORSŇ are required to take one core course and three Webinars. For more information about the SFR certification, visit www.REALTORSFR.org or call 1-877-510-7855.
If you are a homeowner who has been turned down for a loan modification, you can still avoid foreclosure by working with a trained agent on a Short Sale. It’s a great alternative to going through foreclosure. You avoid the severe hit on your credit, the neighborhood has one less vacant home, nearby homes don't lose as much value, and the lender can save around 30% over selling a foreclosure.
Up to now the process hasn't been working very well, but now the Treasury Department has taken a step in the right direction. Their new guidelines seek to streamline the process with standardized forms, cash incentives to lenders, moving allowance for the homeowner, and requirements on response times. These policies are in place now, and RE/MAX has been working hard to spread the word about the benefits of Short Sales. An agent with an SFR Certification is equipped to help both buyers and sellers through the whole process.
Proud SFR REALTORS ® of RE/MAX Valley Real Estate
RE/MAX Valley Real Estate is not associated with the government, and our service is not approved by the government or your lender, Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
This disclosure is made pursuant to the FTC MARS Rule (16 C.F.R. §322 et.seq.)
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RE/MAX Valley Real Estate
1006 Boardman Canfield Rd.
Boardman, Ohio 44512