The government's Home Affordable Foreclosure Atlernative program, HAFA, now INCLUDES Fannie Mae and Freddie Mac.
This makes a high percentage of owner occupied short-sale properties available for pre-approval and faster closings, but there are
significant differences between the 3 programs
Under HAFA:
Short sales can be pre-approved within 30 days
Purchase contract approval within 14 days
Sellers must be released of all liability
Sellers receive $3,000 in relocation expenses
Listing the home is required
You'll learn:
Seller & loan eligibility requirements
How to qualify your seller
Commission policies
The HAFA required time-lines
Incentives for sellers, servicers, investors and subordinate lien holders
Required contract language for listings and purchase agreements
You'll receive:
All three directive from Fannie, Freddie & Treasury (print & electronic)
All required forms
Step by step work flow procedures for: listing homes, submitting contracts on pre-approved sales and submitting contracts on
properties not pre-approved
B of A has added 1,000 employees to ramp up short sales. Now that Fannie & Freddie are on board HAFA starting August 1st, you
need to get on board the HAFA train too!
Renewal Credit
Arizona DRE 3 hours Contract Law Credit AND 3 hours RE Legal Issues Credit
Tuition
$79
Instructor
Singin' Jim Hogan, DREI, ABR, GREEN, SFR A REALTOR® since 1971 and member
of the REBAC National Hall of Fame, Jim Hogan is known nationally for his innovative
teaching style and is often referred to as one the country’s leading educational
visionaries. As a Tucson educator and founder of Hogan School of Real Estate in 1973
and one of the founding members of RealtyU, a national consortium of more than 40
real estate schools, Jim has helped thousands begin and sustain successful real estate careers.
Jim Hogan and Curtis Hall developed the acclaimed “Innovative Marketing for Buyers
Representatives”, course which is currently offered nationally alongside the
ABR® core course presentation. Jim is also a mortgage broker and investor and
was one of the first educators to be awarded the Real Estate Educators
Association’s Distinguished Real Estate Instructor (DREI) designation. Jim is a singer
and songwriter and has released two CDs.
Curtis Hall, ABR, CRS, SRS, GREEN
The “Frozen Faced” & The Country’s First ABR® When taking the ABR® course, why not take it from the very person who
wrote the book? Curtis Hall co-authored the ABR® course in 1993 and is a full-time
real estate practitioner in Phoenix, Arizona. This ABR® course is a real-world learning
experience in which Curtis demonstrates his unique methodologies used in his own active
real estate practice to differentiate his services from the competition. Curtis has sat on
more than twelve local REALTOR Association and NAR committees and was awarded REALTOR
of the Year by his local Association. As a participant on several Professional Standards
committees and with his expertise in all aspects of risk management, Curtis is called
upon frequently by the legal community as an expert witness.
Important Reminders
There is a 5 minute late rule. If you are more than 5 minutes late to class, you will not receive credit for attending the course. No exceptions.
You must check in with the front desk prior to entering the classroom.
You must sign in on the Class Attendance roster prior to the beginning of the course.
Singin' Jim Hogan, DREI, ABR, GREEN, SFR 