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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Foreclosures, Short Sales, REOs and Auctions (6-Credit Hours)

Foreclosures, Short Sales, REOs and Auctions

Price: $29.00

Credit Hours: 6

Key Points:

As the real estate market improves short sales and foreclosures continue to play an important role in the road to recovery. Shockingly nearly 20% of all sales still involve a distressed property. 

In today's fast moving real estate marketplace it may be more important than ever to stay current on the ever changing processes and best practices of purchasing and selling distressed properties. In this course, you will review both the judicial and non-judicial foreclosure availability along with rights of redemption and foreclosure timelines. You will learn the pertinent forms used in short sale, REO, and auction proceedings along with all the key terms and definitions of the foreclosure business.

Whether you just need to sharpen your distressed property skills or are jumping in for the first time, this course is made for you. From identifying and marketing a short sale property to knowing the right person to connect with at the lender and how to participate at an auction, this course can help guide you to success.

Topics Include:

  • Foreclosures: An Introduction 
  • Identifying the Short Sale Property    
  • Marketing the Short Sale Listing   
  • Short Sale Contracts       
  • Making the Sale with Loss Mitigation Departments 
  • Who to Contact? Asset Management Departments 
  • Purchasing Lender-Owned (REO) Properties  
  • Broker Auction Procedures       
  • Client Auction Procedures

The Illinois Real Estate Division regulations require a proctored final exam for all courses.

Proctored Exam Information
The Illinois Real Estate Division regulations require a final exam for all courses. Kaplan Real Estate Schools make this as easy as possible. You will simply arrange for a proctor and we will send them an Exam Pack in the mail.