HO260el Counseling Buyers of REO PropertiesIn today's real estate market, borrowers who are interested in purchasing a home will likely consider the growing inventory of Real Estate Owned (REO) properties. These properties may offer attractive pricing, but they also present hidden challenges and pitfalls to potential buyers. By providing comprehensive individual counseling, homeownership counselors can equip clients with timely information to make informed decisions and protect their future asset. This online course is designed to define REO, introduce the homeownership counselor to the players involved in REO transactions, explore the purchase process, identify ways to assist clients through careful analysis of the sales contract, show how to engage home inspectors and avoid the pitfalls of purchasing "as is" properties, and learn about special financing options available to homebuyers. The course is beneficial to anyone who is interested in learning more about the purchase process involving REO properties. It is specifically intended to help the homeownership counselor have a better understanding of the nuances of the purchase process for REO properties, and the challenges involved in preparing homebuyers for what has become the dominant property being sold in today’s real estate market. By the end of this course, participants will be able to explain the basic purchase process involving REO properties to potential buyers, and conduct knowledgeable and thoughtful pre-purchase education classes, or individual counseling sessions, on the issues involved in such activities. Course length: 1/2 Days Tuition: $ 195 Course counts toward a professional certificate: No |
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