May 16, 2012
2:00 PM to 4:00 PM
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FHA’s National Servicing Center (NSC) is pleased to
announce Preforeclosure Program (PFS) Webinar Training for Real Estate
Professionals. FHA’s Pre-Foreclosure Sale program (aka short sale), allows a
borrower in default to sell his or her home and use the proceeds to satisfy the
mortgage debt, even if the proceeds are less than the amount owed.
FHA’s goal is to close the education and communication
gap between FHA servicers and real estate professionals to best serve the needs
of FHA borrowers, and mitigate loss to the FHA insurance fund. Training and technical assistance will ensure
that all partners are provided with correct information on HUD programs and
resources available to reduce foreclosures, while fostering an environment that
promotes successful implementation of HUD policy and industry best practices.
To assist FHA in identifying local and regional issues,
the training will be offered in each of HUD's ten regions. (See schedule below) Participants will also have the opportunity
to share best practices with other industry participants in their region. This webinar is designed for real estate
professionals, but is open to all interested industry participants. We look forward to your participation.
At the end of this course, you will be able to:
how HUD Servicers are required to apply loss mitigation tools to customers in
the benefits, features, and qualification criteria for FHA’s Preforeclosure
the difference between the market/appraised value for a property and the
minimum acceptable net sale proceeds.
Realtor "Best Practices" when utilizing FHA's Preforeclosure Program.
How to Register:
- View the
map of HUD’s Regions and the regional webinar training schedule.
the HUD region in which your state is located.
- Select the
appropriate registration link from the regional webinar training schedule. (Please note:
The training schedule is not in numerical order by Region)
Webinar questions should be sent to Stacey Brown firstname.lastname@example.org