Understanding FHA & VA Distressed Property Op...

12/14/11- The unique characteristics of VA Short Sales and the FHA PFS Short Sale program were reviewed and detailed along with the specific new rules and other Foreclosure preventative options relating to FHA & VA Mortgage...

iPad for the Real Estate Professional #3

12/08/11- Workshop conducted by Shad Prock: The focus was the detailed use of the recently heavily updated iAnnotate App for iPad contract creations, signings, and email sending of the completed contracts. This APP has recently become very robust and rich with features that highly compliment the practice of rapid response Real Estate in a mobile environment. I use this feature heavily in my business and as a very helpful tool...

Protect Yourself from Real Estate Fraud

12/01/11- Speaker: Eric Spingler FBI Agent. Discussion of FBI historical case of Real Estate fraud,   specifically covering Short Sale Fraud, Rental Scams, Foreclosure Stripping, Industry Insiders, and the Red Flags to be aware...

Carrybacks, Wraps, & Shared Equity in Real Es...

11/23/11- Taught by David Compton. These types of creative financing methods fall under the category Alternative Purchase Options, or APOs. David stated that some Lender’s REO properties (bank owned) are accepting Lease Options! As the mass of past home owners who no longer can qualify as home purchasers continues to increase dramatically, APOs should soon return just as dramatically unless a major change in mortgage...

Financial Issues in Contract Writing

11/23/11- Course by David Compton that reviewed basic Real Estate contract law then went into details of the two types of foreclosure methods available to Lenders, in Arizona. Also discussed was why Lenders overwhelmingly use the Trustee Sale vs Judicial Foreclosure. Discussed were Assumable Loans and how there is interest in certain political and government circles to allow FHA and VA to bring in some sort of NON-QUALIFIABLE...

Short Sale Myths & Misnomers

11/17/11- Update by Attorney Mark Windsor. This class was Mark’s view and experience on recent case law and issues such as Strategic Default, Deficiency, and the Due Diligence of Realtors. Also discussed were issues of leaving your home vacant for months prior to an actual foreclosure and how your home owners policy may not then cover any vandalism or other claims, if you still own it and vacate...