84 posts categorized "REO, Short Sales, Foreclosures" Feed

Bank of America to Refine Short Sale Process; Introduces 2 Required Documents

Bank of America has announced changes to the Short Sale Process to begin April 14 to improve the task flow in Equator and processing times.

The new Bank of America short sale process will enable short sale specialists to complete tasks such as document collection, valuations and underwriting at the same time, reducing the time from initiation to closing.

Before April 13, you must complete the Submit Short Sale Offer, Upload Offer Documents and Upload Supporting Documents tasks in Equator for all short sales submitted with an offer. Your file may be declined if these tasks are not completed prior to April 13.

Starting April 14, five documents will be required for short sales initiated with an offer:

All messaging will remain in Equator. Agents will receive a standard notice to log in and retrieve their messages.

New Timeframes: Five (5) days to submit a backup offer when a buyer has walked.

 

WEBINAR on New Changes to Bank of America Short Sales

Click here to register for this webinar.

  • Date: Monday, April 2
  • Time: 4-5 p.m. Eastern

    Topics include:

    • How improvements to the short sale process will help you and your clients
    • What you should do before the process begins to keep your active short sales moving
    • The benefits of initiating a short sale before you receive an offer
    • Ongoing agent short sale resources and support

Are you ready for coaching? Take your business to the next level today. Schedule a complimentary 30-minute coaching session today to find out more.

Let us be your virtual coach as well.  Learn at your own pace and on your own schedule.  Our on-demand online courses integrate multi-media with an intuitive learning management system. Learn more about becoming a member of our community at WBNL Coaching.


Las Vegas Short Sale Training - Certified Foreclosure Alternatives Consultant℠

CFAC℠ Designation Course

Las Vegas Short Sale Training
Certified Foreclosure Alternatives Consultant℠

 CE.5094000-RE 7Hrs. General

Trainers: Jan O'Brien, Steven Kitnick, & Attorney Robert Noggle

Next CFAC Class:
Thursday, February 23, 2012, 9:00 am to 4:30 pm
Lunch Included 

Imortgage 9139 W. Russell Rd., #100, Las Vegas, NV 89148      
215 & W. Russell Rd.  Jerry Tarkanian Way to W. Oquendo Rd. into the Desert Canyon Business Park ~ behind the Bank of George in the Johnson, Jacobson, Wilcox Bldg.  Enter Bldg. on West Side.  

$119 (Reg. $229 ~ Save $110)

Register ONLINE Now or call (702) 255-8722

Download CFAC_Class_feb 23_2012

 Get answers to these questions and more.....

  • Is a short sale the answer to your client’s situation?      
  • What liability will you incur if you recommend a short sale without exploring alternatives?         
  • What are the alternatives to foreclosure?      
  • Why should you partner with attorneys, CPA’s and other trusted advisors?       
  • How do you reduce the potential risk and legal liability when processing and negotiating a short sale?        
  • What are the options for negotiating a short sale?  Who can legally do it? 

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

Course content includes:

  • Using the Educational / Consultative Approach
  • Advanced Communication & Negotiation Techniques
  • Current Market Trends
  • HARP, HAMP, HAFA
  • Nevda Foreclosure Mediation Program
  • Options for Remaining in the Home
  • Options to Sell or Give Up the Property
  • A Complete Short Sale Listing System
  • Effectively Working With Short Sale Buyers
  • Loss Mitigation and Servicer Processing Tips
  • How to Reduce Your Risk & Liability in Today’s Market
  • Legal & Tax Ramifications for the Short Sale Seller

Are you ready for coaching? Take your business to the next level today. Schedule a complimentary 30-minute coaching session today to find out more.

Let us be your virtual coach as well.  Learn at your own pace and on your own schedule.  Our on-demand online courses integrate multi-media with an intuitive learning management system. Learn more about becoming a member of our community at WBNL Coaching.


CFAC - Las Vegas Short Sale Certification Training - November 17th

CFAC℠ Designation Course

Las Vegas Short Sale Training
Certified Foreclosure Alternatives Consultant℠

 CE.5094000-RE 7Hrs. General

Trainers: Jan O'Brien, Steven Kitnick, & Attorney Robert Noggle


Next CFAC Class:
November 17, 2011, 9:00 am to 4:30 pm

Download CFAC_flyer3_Nov17_2011

Traccia Clubhouse ~ Summerlin
11350 Merado Peak Drive, Las Vegas, NV 89135
Just west of the 215 Beltway off W. Sahara Ave.
Across from the entrance to the Red Rock Country Club

$119 (Reg. $229 ~ Save $110)

Register ONLINE Now or call (702) 255-8722

  CFAC_LiveClass

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

A CFAC℠ genuinely cares about their clients, always places the clients’ interest above their own, and never ventures outside of the scope of their expertise.

A CFAC℠ encourages clients to partner up with other trusted advisors such as attorneys, CPA’s, and financial consultants.

A CFAC℠ educates the client so they can make an informed decision as to   what’s in their “best interests.”  If the client determines that the short sale is their best option, no one is better trained to successfully process a short sale transaction than a CFAC℠.

Course content includes:

  • Using the Educational / Consultative Approach
  • Advanced Communication & Negotiation Techniques
  • Current Market Trends
  • HARP, HAMP, HAFA
  • Nevda Foreclosure Mediation Program
  • Options for Remaining in the Home
  • Options to Sell or Give Up the Property
  • A Complete Short Sale Listing System
  • Effectively Working With Short Sale Buyers
  • Loss Mitigation and Servicer Processing Tips
  • How to Reduce Your Risk & Liability in Today’s Market
  • Legal & Tax Ramifications for the Short Sale Seller
  • Implementing the CFAC Business Model for Your Continued Success

Discover the power of business coaching – Book a Free 30-minute consultation with Jan


Nevada Legislative 2011 - Real Estate Update

The 76th Nevada Legislative Session adjourned June 7, 2011 with several new bills... now law... that will impact the real estate industry and in particular foreclosures and short sales.  Here is a summary of those bills:

AB273

AB 273 prevents banks from “double-dipping” and going after borrowers for the full amount of the deficiency they owe on their mortgage loan when lenders have received compensation from other sources. It will cap the amount a third party can be awarded if they bought the right to the deficiency for pennies on the dollar. Finally, it will reduce the amount of time a junior lien holder has to file for a deficiency from the current six years to six months, to be in line with timeframes for primary lien holder.

Under Section 3 of AB 273, a lender may not collect a deficiency remaining on a second mortgage if it was taken out after June 10, 2011. 

This law will apply if:

  1. the lender is a financial institution;
  2. the real property is a single-family house;  
  3. the homeowner owned the property; 
  4. the borrower used the loan to purchase the property;
  5. the homeowner lived in the property and
  6. did not refinance the loan. 

Section 3 also expands the protection afforded to homeowners by prohibiting collection of deficiencies on an eligible second mortgage after a foreclosure sale, trustee sale, short sale and deed in lieu of foreclosure, protecting Nevadans who cooperate with the banks and try a short sale or deed in lieu of foreclosure but are not released from the deficiency.

The new law states that the lender will not be allowed to collect from both the insurance company and the homeowner.  Section 2 of AB 273 directs judges to subtract the amount of proceeds received by, or payable to, the holder of a second mortgage from an insurance policy from the amount owed by the homeowner.  The laws in Section 2 will only apply to second mortgages taken out after June 10, 2011.

NRS 40.455 states that the holder of a mortgage has to sue to collect a deficiency within 6 months after the foreclosure sale or trustee sale. The new law, AB 273, states that holder of a second mortgage must sue within 6 months for deficiencies resulting from a foreclosure sale, trustee sale, short sale or deed in lieu of foreclosure.  This is how the laws work together:

  • First mortgage loans – Deficiency collection lawsuits must be filed within six months after a foreclosure sale.
  • First mortgage loans – Deficiencies can only be collected on first loans taken out BEFORE October 1, 2009.  First loans taken out after that date are non-recourse loans.
  • Second mortgage loans – Some collection lawsuits must be filed within six months.  The six month limit on deficiency collections only applies to foreclosure sales, trustee sales, short sales and deeds in lieu of foreclosure that are sold or have sales closed AFTER July 1, 2011.
  • Second Mortgage loans – Deficiencies can only be collected on second loans taken out BEFORE June 10, 2011.  Second loans taken out after that date are non-recourse loans.

NoteNew laws do not impact First mortgage loans for short sales – unless the deficiency judgment is successfully negotiated in the short sale, the lien holder has 6 years to pursue a deficiency judgment after a short sale.

These are brand new laws, the interpretation of these laws by real estate practitioners has not yet been settled and the laws have not yet been challenged and interpreted in court.

Read: AB 273 Limits Bank Collections -Carlos McDade, Esq

SB414  

Foreclosures and short sales: makes it a misdemeanor for a bank to unreasonably delay responding to a short sale offer. It spells out that offers to purchase a home in a short sale should be accepted or rejected within 90 days. It also prohibits a banking or financial institution from getting a deficiency judgment against a borrower if they agreed to a short sale and other conditions (currently on law) are met.   Note: I am working on getting further clarification and interpretation on this last point.

SB403

This bill ensures that the demand letter for an HOA ir its management company must remain effective for a period of no less than 15 working days from the date of delivery to the owner or his/her agent.  If there are changes, they must be identified within that timeframe and title company, agent notified.

AB284

On May 20, 2011 Nevada Governor Brian Sandoval approved Assembly Bill  284 to be signed into law.  Co-authored and supported by Black & LoBello’s Managing Partner, Tisha Black Chernine, AB 284 will help restore transparency and integrity to the foreclosure process.  Some of the changes enacted by AB284 are as follows:

  • Defines who can act as a foreclosure trustee in the state of Nevada;
  • Defines a standard of care for such trustee;
  • Requires that all assignments or trust deeds affecting real property be recorded in the County Recorder’s office where the property is situated;
  • Requires a foreclosing trustee to file an sworn Affidavit with the Notice of Default;
  • Requires the Affidavit of Authority which details the arrearages, associated costs, and names the beneficiary (often called investor) of the deed of trust;
  • Increases criminal penalties where “robo-signing” conduct occurs ; and
  • Creates a NEW private right of action for borrowers, which includes attorneys fees and a mandatory fine when a foreclosure has not proceeded properly.

Read more from Tisha Black Chernine, Esq -  AB 284 Restores Foreclosure Process

SB 314

Revises various provisions relating to residential property.

This bill would provide for the registration, permitting and regulation of asset management companies and their employees and agents through the Real Estate Division.  Asset management companies provide management services for real property which is in foreclosure and which is owned by a bank, mortgage broker, mortgage banker, credit union, thrift company or savings and loan association, or any subsidiary thereof or a governmental entity. Such companies manage the property, performing services such as securing the property by changing locks, removing trash and debris, cleaning the home and surrounding property, performing maintenance and repairs of homes and disposing of the personal property of homeowners left in homes which are in foreclosure and which the legal owner has deemed abandoned.

Buried deep in this bill is also a provision that removes the ability for the purchaser to waive the SRPD, and spells out that a seller may not require a purchaser to waive the SRPD. It also adds that if an asset manager knows of any defects in the property, he must give written notice of the defect(s) to the purchaser. It will be effective upon passage and approval for the purposes of adopting regulations and performing administrative tasks, and October 1, 2011, for all other purposes.

REO listings are now controlled by SB 314. 

SB 314, effective October 1, 2011 is a new law that controls “asset management,”  “Asset management” is defined as those who, “manage, oversee or direct actions taken to maintain any real property, including, without limitation, any actions taken to preserve, restore or improve the value and to lessen the risk of damage to the property on behalf of a client before a foreclosure sale or in preparation for liquidation of real property owned by the client pursuant to a foreclosure sale.” 

"Client" means: (1) A bank, mortgage broker, mortgage banker, credit union, thrift company or savings and loan association; (2)  mortgage holding entity chartered by Congress; or (3) A federal, state or local governmental entity, for whom an asset management company provides asset management.

Persons working with lenders/REO must hold an asset manager “certificate of registration.”

A person who wishes to be registered as an asset manager in Nevada must file a written application and pay the fee of $2,000 and a fee of $500 for the issuance of the initial certificate of registration.  An asset manager must also gain a policy of insurance written by an insurance company authorized to do business in Nevada which is sufficient to reimburse real property owners for, without limitation, any damage to real property in foreclosure, the wrongful disposal of property or wrongful eviction.

Property Management Certificate Required. 

A person can avoid having to register as an asset manager provided they have a current permit to engage in property management pursuant to NRS 645.   The listing agreement/property management agreement must include an “asset management” provision of pursuant to NRS 645.6056. 

AB 373

Nevada Assembly Bill 373 provides that a person in possession of real property who, under certain circumstances, removes, conceals or destroys any real property that is subject to foreclosure with the intent to defraud and who causes a secured party to suffer pecuniary loss, is guilty of a misdemeanor.  This new criminal law takes effect on October 1, 2011.  Homeowners that purposely trash their homes before a foreclosure sale in order to make the bank “pay” will find themselves subject to arrest and prosecution after the effective date of this new law.

AB432

Energy consumption forms: Another win for homeowners is AB432, which requires energy auditors to be licensed and repeals a requirement that home sellers complete an energy consumption form. This eliminates the need for the form, sellers are still free to seek an energy audit of their home if they want one.

AB271

Real estate transactions, taxes and fees: one of the biggest wins for Nevada homeowners during the Legislature was AB271, a law prohibiting private transfer fees in Nevada. This legislation took effect when it was signed into law on May 20.

NVAR’s Legislative Committee identified private transfer fees (also called reconveyance fees, capital recovery fees, or private transfer taxes) as a top concern since they can create last-minute complications that keep a home sale transaction from closing. Such fees can hamper home sales and create title and lending problems.

Such fees are generally attached to a property as a covenant that requires they be paid (usually at a cost of 1 or 2 percent of the purchase price of a home) to a private entity every time the property changes hands, for periods up to 99 years.

SB413 

Real Estate License Renewals
The bill to repel the 4 year licensing requirement for REALTORS did not pass. So if you renew after July 1,2011 you will have to renew for 4 years.  This means your license fee will be DOUBLE after July 1st.  The Commission has yet to decide on the CE issue, but it most likely will be 24 hours the first 2 years and 24 hours the next 2 years with 50% of the hours being classroom hours...stay tuned.

SB140

Hand Held Phones & Texting Banned for Drivers
This bill prohibits the use of a cell phone without a hands-free device while driving, and prohibits typing/reading data while driving (any non-voice communication, including texting, email, IM, web browsing, etc.).  Violation is a misdemeanor with fines increasing with each offense.  This is considered a "primary offense", meaning you can get pulled over and cited for it.  Warnings will be issued immediately; law goes into effect October 1st withcitations being issued starting January 1, 2012.

 

The Service Tax on real estate transactions was defeated…. For now!

 

Sources:

Black & Lobello Law Blog

Download NVAR 2011 Legislative Session Recap

 

Visit www.WBNLCoaching.com to learn more about our coaching program and online training membership options. Your FREE, basic membership includes a complete real estate business-planning course and downloads.


Realty ONE Group to Host CDPE in Las Vegas, July 21-22

Realty ONE Group will be hosting a CDPE ( Certified Distressed Property Expert ) training on July 21 & 22, 9:00 - 5:30, at the Green Valley Office.  You will receive the CDPE designation, learn how to reduce short sale processing time by  50% and learn how to close 4X as many deals.  Plus you will receive 15 hours of Nevada CE.    

Class is filling up fast - Register Now to Reserve a Seat!

REGISTER HERE - Don't Forget to use the Special Code to get $100 discount: ECD011

Realty ONE Group agents - contact your manager or call Jan O'Brien 702-898-7575 to get code for ROG special pricing.

July 21 & 22, 2011
Registration begins at 8:00
Class from 9:00 am - 5:30 pm

Realty One Group- Green Valley Training Room
9089 S. Pecos Rd. #3400
Henderson, NV 89074

800-482-0335
CDPE_ROG_July2011
Download CDPE Las Vegas Course Registration Flyer

 

Free Webinar - PREVIEW OF CDPE...

Cracking the Code in Today's Distressed Market
Thursday, July 14th at 11:00 am PST


Preview presented by Tony Martinez of Charfen Institute. 

You may have heard that the real estate market is on its way to recovery and that short sales are a thing of the past.

The truth is, a record number of short sales closed in 2010, and the numbers are expected to INCREASE by at least 25% this year!

Now, more than ever, you have an opportunity to grow your commissions by serving and helping homeowners avoid foreclosure.

The common myth about short sales is they are too diffucult and take way too long to complete. With the right systems and tools you can eliminate frustration and almost DOUBLE your transactions today.

Join us for a FREE webinar, where you'll learn:

  • How do you close 4X more transactions than the average agent ever year?
  • How do you quickly become the go to source in your market for the biggest new source of closings in today's market?
  • The turnkey systems you must implement to achieve success from this point on in real estate.
  • Eliminate the fear of making embarrassing mistakes in this new market.

Cracking the Code in Today's Distressed Market
Thursday, July 14th at 11:00 am PST

Join the WBNL Coaching Wanderers Club - The online, virtual coaching and training platform for Real Estate and Business Professionals.

Your basic, FREE membership includes:

WBNL Coaching Real Estate Business Plan Online Course and Downloads

 


Las Vegas Short Sale Training Certification Course - CFAC - June 24, 2011

CFAC℠ Designation Course

Las Vegas Short Sale Training
Certified Foreclosure Alternatives Consultant℠

 CE.5094000-RE 7Hrs. General

Trainers: Jan O'Brien, Steven Kitnick, & Attorney Robert Noggle


Next CFAC Class:
June 24, 2011, 9:00 am to 4:30 pm

 iMortgage 9139 W. Russell Rd., #100, Las Vegas, NV 89148

Just West of the 215 Beltway at W. Russell Rd. in the Desert Canyon
Business Park ~ Look for the Johnson, Jacobson, Wilcox Building behind
the Bank of George. From 215 Beltway exit Russell Rd., take Jerry
Tarkanian Way to W. Oquendo Rd.

$109 (Reg. $229 ~ Save $120)

Register ONLINE Now or call (702) 255-8722

 

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

A CFAC℠ genuinely cares about their clients, always places the clients’ interest above their own, and never ventures outside of the scope of their expertise.

A CFAC℠ encourages clients to partner up with other trusted advisors such as attorneys, CPA’s, and financial consultants.

A CFAC℠ educates the client so they can make an informed decision as to   what’s in their “best interests.”  If the client determines that the short sale is their best option, no one is better trained to successfully process a short sale transaction than a CFAC℠.

 

CFACLive

Course content includes:

  • Using the Educational / Consultative Approach
  • Advanced Communication & Negotiation Techniques
  • Current Market Trends
  • HARP, HAMP, HAFA
  • Nevda Foreclosure Mediation Program
  • Options for Remaining in the Home
  • Options to Sell or Give Up the Property
  • A Complete Short Sale Listing System
  • Effectively Working With Short Sale Buyers
  • Loss Mitigation and Servicer Processing Tips
  • How to Reduce Your Risk & Liability in Today’s Market
  • Legal & Tax Ramifications for the Short Sale Seller
  • Implementing the CFAC Business Model for Your Continued Success

Discover the power of business coaching – Book a Free 30-minute consultation with Jan


Las Vegas Short Sales - 7 Reasons Why You Should Work with an Agent-Friendly Attorney

Guest Blogger,  Steven Kitnick provides these seven considerations for working with a REALTOR-friendly attorney who has experience with the Las Vegas Short Sale Process.

1) A distressed homeowner should speak to an attorney before you list their property so the homeowner may review their options, and so you’re not liable for what they choose to do.

2) When you take on a client who is in financial distress you may have a higher standard of care to protect their best interests.

3) An attorney allows clients full protection and representation.

4) An attorney may gain more leverage over lienholders during the negotiation process.

5) If your clients have assets &/or future or current income, an attorney can offer guidance about exposure to collection attorneys &/or tax authorities.

6) An agent-friendly attorney will aggressively negotiate for your full commission.

7) If you’re negotiating your own short sales you’ll likely limit the number of transactions you can close per month. By using an attorney you leverage your workload, there’s no limit to the number of deals you can close per month.

 

Steve200 Steven Kitnick, CFAC, CSP, CNE, GRI, RRG
Managing Director, Steven Kitnick Seminars, LLC
Continuing Education Instructor & Author
Nevada Real Estate Broker/Salesman & California Real Estate Broker
Legal Assistant – Stout Law Firm

Steve can be reached at StevenKitnick@StevenKitnickSeminars.com or by calling (702) 326-8722.

 

Las Vegas area Real Estate Professionals...

Are you up-to-date with the Nevada Short Sale Process?

Next CFAC℠ Designation Course
Las Vegas Short Sale Training
Certified Foreclosure Alternatives Consultant℠

Download Cfac_april20_2011_flyer
Trainers: Jan O'Brien, Steven Kitnick, & Attorney Robert Noggle
Wednesday, April 20th, 2011 | 9am to 4pm includes Lunch

Location: iMortgage 9139 W. Russell Rd., #100, Las Vegas, NV 89148
Just West of the 215 Beltway at W. Russell Rd. in the Desert Canyon Business Park ~
Look for the Johnson, Jacobson, Wilcox Building ~ entrance on west side of bldg.
From 215 Beltway exit Russell Rd., take Jerry Tarkanian Way to W. Oquendo Rd


$109 (Reg. $229 ~ Save $120) Register ONLINE Now or call (702) 255-8722

This course is sponsored by Steven Kitnick Seminars, LLC and is approved by the Nevada Real Estate Commission for continuing education credit.
Cancellation/Refund Policy. There are no refunds.

 

Visit www.WBNLCoaching.com to learn more about our coaching program and online training membership options. Your FREE, basic membership includes a complete real estate business-planning course and downloads.


Bank of America Changes to Short Sale Initiation in Equator effective March 11, 2011

In case you missed this recent correspondence from Bank of America - here is an update on recent changes changes when initiating a transaction in Equator, beginning March 11.

Bofa home loans

What Is Changing:

New fields will be required when initiating short sales in Equator. Agents should be prepared to provide the following information regarding the loan and the homeowner's situation:

  • Loan Number
  • New: Borrower First Name
  • Borrower Last Name
  • New: Property Best Contact Telephone
  • Reason for Default
  • New: Do you have a signed purchase contract?
  • New: What is the property's primary purpose?
  • New: Who currently occupies the property?
  • New: When was the property last occupied by the homeowner?

How This Change Will Improve the Short Sale Process:

Providing this information upfront will help Bank of America identify if the homeowner is eligible to participate in the federal government's Home Affordable Foreclosure Alternative (HAFA) program. If the homeowner is eligible, Equator will generate a message informing the agent that the homeowner must contact Short Sale Customer Care at 866.880.1232 to discuss their interest in the HAFA program. Although several attempts to contact the homeowner will be made, agents are encouraged to ask the homeowner to contact Bank of America as soon as possible, which will speed up the process.

Actions for Agents:

  • Complete all required fields in the Initiation task of Equator.
  • Agents who receive a "HAFA Action Required" message in Equator should inform the homeowner to call Short Sale Customer Care at 1.866.880.1232 as soon as possible to keep the process moving.
  • If there is an offer on a HAFA eligible loan and the homeowner decides to opt out of HAFA, the homeowner will still need to contact Short Sale Customer Care at 1.866.880.1232 to confirm this decision, so the traditional short sale process can continue.

Additional Information:

For HAFA eligible loans, agents cannot move forward in the process until Bank of America has established contact with the homeowner. The traditional short sale process will continue for loans that are not eligible for HAFA. Although agents may be an authorized third party, per Treasury guidelines, the HAFA program requires the homeowner to independently acknowledge interest in a HAFA short sale.

Once contact has been established with the homeowner, they will be asked additional questions to confirm their eligibility for HAFA. These questions include: whether they have participated in a modification program, have a desire to sell their property and if they agree with the short sale program they are pursuing.

HAFA has many benefits for homeowners including:

  • $3,000 assistance in relocation
  • Deficiency waived and
  • No promissory note/cash contribution

It is recommended that agents discuss all options, including HAFA, with the homeowner before marketing the property. If interested, homeowners should contact Short Sale Customer Care at 1.866.880.1232 to determine HAFA eligibility.

Please view the updated HAFA guide for enhanced information regarding the HAFA process.

 

Real Estate Professionals - Don't Miss the Next Las Vegas Live Short Sale Training

Learn more about the CFAC Designation (Certified Foreclosure Alternatives Consultant)

 

Las Vegas Homeowners and Buyers:

Jan O’Brien is an expert with the Las Vegas short sale process.   She is the co-author of the Certified Foreclosure Alternatives Consultant designation course.   Call Jan direct at 702-858-9191 to schedule a Foreclosure Alternatives Consultation today.

Considering a Las Vegas Home purchase?  Search all Las Vegas Homes for Sale using our free, interactive map-based search.

Search all Las Vegas Foreclosures, including Henderson, Green Valley and North Las Vegas bank-owned homes.

 

Join the WBNL Coaching Wanderers Club - The online, virtual coaching and training platform for Real Estate and Business Professionals.

Your basic, FREE membership includes:

WBNL Coaching Real Estate Business Plan Online Course and Downloads


Las Vegas Short Sale Certification Training (CFAC) Saturday, March 26th

CFAC℠ Designation Course
Las Vegas Short Sale Training
Certified Foreclosure Alternatives Consultant℠

Trainers: Jan O'Brien, Steven Kitnick, & Attorney Robert Noggle

Saturday, March 26th, 2011 | 9:00 am to 4:00 pm includes Lunch
iMortgage 9139 W. Russell Rd., #100, Las Vegas, NV 89148

Just West of the 215 Beltway at W. Russell Rd. in the Desert Canyon
Business Park ~ Look for the Johnson, Jacobson, Wilcox Building behind
the Bank of George. From 215 Beltway exit Russell Rd., take Jerry
Tarkanian Way to W. Oquendo Rd.

$109 (Reg. $229 ~ Save $120)

Register ONLINE Now or call (702) 255-8722

CFACLive

CFAC Course Flyer: Download Cfac_march26_2011_flyer1

Course content includes:

  • Using the Educational / Consultative Approach
  • Advanced Communication & Negotiation Techniques
  • Current Market Trends & Stats
  • HAMP & HAFA Updates
  • Understanding all Alternatives to Foreclosure
  • A Complete Short Sale Listing System
  • Effectively Working With Short Sale Buyers
  • Loss Mitigation and Servicer Processing Tips
  • How to Reduce Your Risk & Liability in Today’s Market
  • Legal & Tax Ramifications for the Short Sale Seller
  • Implementing the CFAC Business Model for Your Continued Success

This course is sponsored by Steven Kitnick Seminars, LLC and is approved by the Nevada Real Estate Commission for continuing education credit. Cancellation/Refund Policy. There are no refunds.

 

Join the Wanderers Club for $67/mth membership fee to access all of the member benefits including monthly training webinars, group coaching sessions, online training courses, private Facebook and LinkedIn Groups.

FREE Basic membership is free and includes:

WBNL Coaching Real Estate Business Plan Online Course and Downloads


Short Sale Commander 5.0 - Web-Based Short Sale Transaction Management

Short Sale Commander is 100% web-based transaction management and short sale processing software for agents and brokers that negotiate short sales.

Data shows that real estate professionals utilizing Short Sale Commander as a short sale processing and negotiation tool have a closing ratio five times the estimated national average, which is 14 percent.  Short Sale Commander is more than just a database system-it's a complete management solution with the essential ingredients to work smarter, minimize risk and cut costs in today's changing market.

Features Include:

  • 100% Web based
  • MAC Compatible
  • Detailed Task Manager
  • Online Document Storage
  • Short Sale Package Creator
  • Full Email Capability
  • Multiple Offers Dashboard
  • 7-Step Progress Indicators
  • Advanced activity logs with time-stamping functions
  • Lender contact management with note capability

You can't drive your business if you can't see it. With Short Sale Commander, the nation's premier short sale management software, you always have a clear, real-time view into your business operations so you can make informed business decisions and eliminate surprises.

  • Multi-User, 100% web based login capability
  • Customization of guest access and visibility
  • Create, Assign and Track Task Management
  • Manage Pipeline views for enhanced reporting
  • Quickly filter your pipeline by any category
  • Easily see all offers and end buyer financing for each property
  • Report on estimated profits in the next 30-60-90 days

Free 14 Day Trial - Give Short Sale Commander a Test Drive!

Real Estate Professionals - Don't Miss the Next Las Vegas Live Short Sale Training

Learn more about the CFAC Designation (Certified Foreclosure Alternatives Consultant)
 

Are you ready for coaching? Take your business to the next level today. Schedule a complimentary 30-minute coaching session today to find out more.

Let us be your virtual coach as well.  Learn at your own pace and on your own schedule.  Our on-demand online courses integrate multi-media with an intuitive learning management system. Learn more about becoming a member of our community at WBNL Coaching.