Webinar: Foreclosures April 23, 2009

With the death of the subprime lending market and the tightening of credit guidelines potential homebuyers have to focus on a loan program that will lend them money with reduced credit guidelines and a high LTV. Homebuyers have diminishing loan options therefore; the FHA loan has experienced a rebirth and is being hailed a savior in today’s market. This course dissects the 203(k) and helps REALTORS®, homebuyers, loan officers, and attorneys establish a strategy to help those they know obtain financing in today’s market.

Topics Covered Included:

* Ability to complete a comparative market analysis for purchase, rehab, and after-repair-value of residential property
* Assess buyers ability to successfully complete a purchase rehab project
* Discover the maximum loan amount for your geographic area
* Calculate the down payment and loan amount for an average-priced home in your area
* Calculate the Principle, Interest, Taxes and Insurance
* Review the steps involved in processing a loan
* Refine the 203(k) loan characteristics
* Describe requirements for qualifying property types
* Explain compensating factors
* Describe the difference between a 203(k) loan and a Streamlined Loan

This seminar will be presented by Marki Lemon, a leading expert in the residential real estate industry.

Official Website: http://www.wiziq.com/online-class/125401-Foreclosures