Foreclosure Training For Agents

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Foreclosure Training for Agents
[March 6, 2008] by Foreclosure Help
Filed under: Foreclosure Training for Agents

Help Stop Foreclosure

If you are a mortgage broker or or real estate agent you need to take advantage of the current market conditions to improve your pipeline. The market is hurting for good help and real estate professionals that know the business can really capitalize. There are a many opportunities and I will list a few:

1. Help homeowners that can afford their homes stay in their homes and stop foreclosure there is a manual that is geared for Loss Mitigation Training. The manual teaches the insiders information on how to save homes from foreclosure. This is a great referral and pipeline builder because when a homeowner wants to refinance or list their property they will go to the real estate professional that helped in their time of need. There is aso a potential to make money in the business check your local laws to structure business properly.

2. List properties and work short sales for homeowners facing foreclosure that can not afford properties. As a real estate agent you get listings and as a mortgage broker and real estate agent you can learn some techniques to increase your income over the 3% for selling the property. There is a site geared toward Short Sale Training and learning techniques that are legal and making great money in the down market.

3. Helping real estate investors increase their portfolios because there is much talk in the real estate investor circles that this is the year to increase their property portfolio and making offers on multiple properties. Hooking up with a serious investor will increase sales and potentially listing for flippers.

4. There are also many people on the sidelines that will if presented with a good foreclosure deal will jump in the game and purchase. The more deals you pull in the more the opportunity for sales but do not spend too much time one property move on if you are not getting good bites. In this market you can actually cherry pick good deals.

If you as a consumer have not taken a look at the REO market lately you need to take a look because with the rise of lender inventories of foreclosed properties there are deals that are unbelievable. Find your local realtor that has listings or REOs in your area you will be pleasantly surprised by deals available. When I was working in Loss Mitigation last year I had conversations with some of our REO agents and could not believe the prices some of the properties were selling for, way under value. Remember not all deals are deals and consult with your local agent to assist in determining value and get with your local broker to get financing.

In the past REOs would sell for market value but now the market has changed and the inventory is growing daily and lenders are eager to find a buyer through their agents to make offers. The more inventory a lender has on the market the less they have to lend and they are in the lending business and not the real estate sales business.

As an agent there are no special passes or requirements necessary for selling REOs to the general public. If you are showing properties to a buyer you owe it to yourself and your client to look at the inventory of REOs in the areas you are farming.

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