Austin, TX (PRWEB) March 24, 2011
America's Home Rescue, an industry leader in pre-foreclosure education for real estate professionals, has introduced the MARS Cafe, a resource suite for the real estate and title insurance industry. On December 29, 2010, the FTC issued the Mortgage Assistance Relief Services (MARS) Ruling to protect distressed homeowners from mortgage relief scams that have sprung up during the mortgage crisis. If you provide pre-foreclosure services to homeowners, including Short Sales, you fall under this ruling. Even if you refer a homeowner to a 3rd party negotiation company, you are a MARS provider and are subject to the ruling. “With this new information and resource suite, we are ensuring that our trained professionals are giving the necessary disclosures to homeowners who may be in a pre-foreclosure situation and need assistance.”, says Stacy Spickes of America’s Home Rescue.
Important Disclosures and Guidelines
The Rule requires mortgage relief companies (including real estate agents) to disclose key information to consumers to protect them from being misled and to help them make better informed decisions. At a minimum, in your advertising, website, and in all communications directed at individual consumers, you must disclose that:
- you are not associated with the government, and your services have not been approved by the government or the homeowner's lender;
- the lender may not agree to change the consumer's loan; and
- if you tell homeowners to stop paying their mortgage, you must also tell them that they could lose their home and damage their credit rating.
What's included in the MARS Cafe?
With resource links for many state Realtor Associations, other resources include:
- Sample Script to Explain FTC MARS Disclosures to Your Seller (MS Word)
- AHR MARS Disclosure 1 - General Commercial Communication (PDF)
- AHR MARS Disclosure 2 - Consumer-Specific Communication (PDF)
- AHR MARS Disclosure 3a - Offer of Mortgage Relief from Lender (PDF)
- AHR MARS Disclosure 3b - Lender/Servicer Notice (PDF)
- and so much more!
Important FREE 90-Minute Webinar Presentation on Thursday, March 31, 2011
Registration Link: https://www1.gotomeeting.com/register/168440736
Industry-Leading Short Sale Education
As a team of Realtors with 8+ years of experience successfully working Short Sales, America’s Home Rescue has developed a methodical, streamlined, step-by-step approach to successfully facilitating Short Sales and has become a highly-sought-after source for no-fluff, hands-on, nuts-and-bolts Short Sale training. Founded in 2003, America’s Home Rescue has successfully taught over 45,000 real estate professionals throughout the country and continues to create new solutions for the industry, focusing on practical, substantive, comprehensive training that increases closing ratios and decreases time and inefficiencies.
Michael and Stacy Spickes, co-founders of America’s Home Rescue, have served as speakers at the 2008 and 2009 NAR Conventions, the 2009 NAR Webinar Summit, the Broker Agent Speakers Bureau, and have provided 100s of standing-room-only Short Sale training events with Realtor Boards and Associations, most all of the national brokerages, title companies, and other real estate organizations. Given the current foreclosure situation in our country, America’s Home Rescue is whole-heartedly committed to replicating throughout the industry the knowledge, tools, systems and processes that they’ve developed from their own “in-the-trenches” experience, to help homeowners avoid the devastation of foreclosure and position real estate professionals to be part of the solution.
For more information, visit http://www.AmericasHomeRescue.com.
America’s Home Rescue is a registered trademarks in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
For more information, press only:
(Susan Difani), (888-699-9222), (Susan at AmericasHomeRescue.com)