Course fee includes:

• Seminar
• Manual
• CD with Forms
• Over 50 Bank Contacts
• Exam
• Designation Pin
• Certification

Cathy McDaniel is one of the most recognized instructors in the REO industry. Her background of over 15 years as a real estate agent and loan originator gives her a unique insight into our current market conditions. She is one of the industry experts on matters related to HUD-FHA financing, bank foreclosures, BPOs, short sales, pre & post home counseling, foreclosure prevention & intervention.

REO 1 - BPOs and REO Listings
Provides an overview of a BPO (Broker Price Opinion) format and reviews all the opinion questions asked by a lender or mortgage servicer regarding pre-foreclosure or short sale properties. Learn the job description of an REO (Real Estate Owned) listing agent and what requirements are needed to apply for the job.

REO 2 - Managing Your REO Listing
Covers listing and marketing instructions required by an REO client in managing their asset/property. REO sellers provide over 30 management forms for reimbursement, property maintenance, vandalism, pre and post closing procedures.

REO 3 - Working With The Buyer Purchasing an REO Property
Working with a buyer interested in purchasing an REO property is different from working with a local seller. REO sellers are not local. They have specific policies, procedures, addendums and timeline schedule to submit offers and complete a sales transaction on their property. These instructions vary in the REO arena. Nothing is standard. Buyers must read, understand and agree to these various requirements prior to submitting an offer. You will learn what these requirements are.

REO 4 - Financing Your REO Property and Technology
Financing an REO "as is" property today can be challenging. During this course study you will learn many new laws and regulations, qualifications and various "buy and repair" finance programs to purchase a home that needs "TLC" or the heating and AC unit is missing. We will discuss market conditions, future forecast regarding market value, declining area, over supply, and absorption rate, provisions of Regulation Z, IRS rules regarding "deficiencies", new regulations for appraisers and much more.