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Learn about the short sale process, common strategies used by buyers and sellers, and the differences between short sales and foreclosures in real estate.
What Is an SFR® Certification, and Who Is It For? The Short Sales and Foreclosure Resource (SFR®) certification is for REALTORS® who want to hone the skills that will allow them to help buyers and sellers of distressed properties. Benefits of Becoming an SFR®. A framework for understanding how to.
Course Duration: 6 hours (Self Paced) Cost: Members: $130 Non-members: $260. Note: Continuing Education (CE) credit is not available for this course.
Short sale refers to a real estate sale where the net proceeds of a property sale fall short of all debts that liens have secured against that property. In other words, it’s the sale of a property at a price less than what the current owner owes. For instance, the amount owed by a homeowner can be $500,000 on a mortgage.
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Introduction. Associated with interlinked macro-economic and capital market episodic crises, in. severe disruptions to credit markets there can be “flight to quality” and/or “flight to. liquidity”. Such episodes are associated with falls in asset values and widening risk.
The Work Group defined a “Short Sale” as follows: A short sale is one where title has transferred; where the sales price was insufficient to pay the total of all liens and costs of sale; and where the seller did not bring sufficient liquid assets to the closing to cure all deficiencies. What is a “Potential Short Sale”?
