February 14, 2012
9:00 AM to 4:00 PM
Orlando Regional REALTOR® Association
1330 Lee Road
Orlando, FL 32810
Professional Development Department
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Do you know what options homeowners have to avoid foreclosure? Learn a new strategy and be in compliance with the law.
Home retention remains the order of the day! It is well understood that mortgage servicers' abilities to transition delinquent borrowers into re-performing status is limited. Political pressure on servicers to avoid foreclosure and the popularity of short sales seems only natural.
In this class, you will learn about the homeowner’s options such as:
Based on the S.A.F.E. Act (Safe Secure and Fair Enforcement for Mortgage Licensing Act of 2008) "anyone that directly or indirectly negotiates the terms of the mortgage must be licensed under the S.A.F.E. Act." Attend this program and learn exactly what the Florida Office of Financial Regulation has to say regarding what real estate professionals can and cannot perform in a short sales transaction.
- Behind the Scenes of Loss Mitigation
- HAFA (Home Affordable Foreclosure Alternative Program) Guidelines
- Fannie Mae & Freddie Mac HAFA Guidelines
- Qualifying the Homeowner
- Curable and Non-curable Defaults
- How to Structure the Short Sale Listing and Offer
- Mortgage Deficiencies
- How Short Sales Affect Credit Scores
- Various Retention Plans - HAMP, HARP, New Unemployed
- Imminent Default, Second Home & Investment Property
- MARS Rules – Disclose, Disclose, Disclose
- Consumer Finance Protection Bureau
All attendees will receive a FREE eBook of Cathy’s book
"A Road Map to Saving Your Home”.
Cathy McDaniel, REO, RETS
Certified Mortgage Specialist
American Real Estate University
Back by popular demand, Cathy holds a Broker’s license and has remained active in Georgia real estate since 1993. She received a "Certified Mortgage Specialist” designation through Capstone Institute of Mortgage Finance in 1998, joined The Georgia Training Center as a Continuing Education Instructor in 2006 and currently serves as one of the top educators at the American Real Estate University. She received the "2008 Educator Of The Year" presented by the Georgia Real Estate Educators Association and has taught REALTORS® throughout Georgia, Tennessee, South Carolina, and Florida.
6 CE credits
Business casual attire requested for education programs.
ORRA Members: $99
Non-ORRA Members: $114
On-site: Registration Fee + $15
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In order to receive "CE" credits for any continuing education class(es), attendees must:
- Be physically present for the entire program from beginning to end;
- Sign any/all morning or afternoon attendance sheets; and
- Refrain from using cell phones and laptops, except during designated break times.
Registration fees shown are for ORRA members who pre-register. Registration for non-ORRA members (members of other associations) is an additional fee of $15 (unless otherwise noted). On-site registrations will incur a fee of $15 in addition to the applicable registration fee.