We believe strongly that all of America’s REALTORS® must get involved, get trained and get to work to help homeowners in their battle to avoid foreclosure and minimize the negative credit and tax consequences they are facing
Dallas, TX (Vocus) September 5, 2009
The central focus of the CAP course is successful Short Sales under the new MHA processes, guidelines, and required paperwork. The training also provides an overview of other MHA foreclosure avoidance options, as well as key information on the Mortgage Forgiveness Debt Relief Act.
"We created CAP and began developing this training for our ILHM members, but when we discovered that no one was offering detailed training covering Making Home Affordable, we decided to open the training to all brokers and agents," said CAP co-founder Laurie Moore-Moore. "This information is 'must have' information for agents wanting to help homeowners avoid foreclosure through short sales, regardless of the property price." Training includes a module on luxury home short sales.
The Making Home Affordable Program covers nine out of ten mortgage loans, is in effect now, and is mandatory. Loss mitigators are being trained currently. Moore-Moore believes that Real estate agents must also be knowledgeable. "For agents who have taken short sale training in the past or even earned a distressed property designation, the CAP course is vital new information," said Moore-Moore.
In addition to online training, CAP is hosting a live event, the Short Sale Summit 2009 on October 7 and 8 in Houston (TX). In addition to the Making Home Affordable training, The CAP Summit will include panels and presentations featuring government officials, loss mitigators, and real estate agents. A special module reviewing the impact of MHA and the Mortgage Forgiveness Debt Relief act on luxury property short sales will be included. There will also be special networking opportunities. Texas agents will earn 15 hours of continuing education credit for the live training event in Houston which will be held at the Hilton Post Oak Hotel near the Galleria Shopping complex. Agents completing training at the Summit or Online will earn a Short Sale Achievement Certificate.
"Making Home Affordable covers most home loans and changes almost everything about how Short Sales are done. CAP’s new up-to-date training reflects the new processes, rules, guidelines and standardized paperwork which are now required. In fact, we challenge agents to take the short sale quiz on our website," said Moore-Moore. We think most agents will be surprised by the answers.
"We believe strongly that all of America’s REALTORS® must get involved, get trained and get to work to help homeowners in their battle to avoid foreclosure and minimize the negative credit and tax consequences they are facing," added Moore-Moore. "As an industry, we are essential to helping get American households back on their feet and the economy back to good health."