Course Information
Foreclosures & Short Sales: dilemmas and solutions
With the recent real estate crisis, foreclosures and short sales have become hot topics in the real estate industry. Many real estate professionals are bound to encounter properties going through a foreclosure or short sale.
Foreclosures & Short Sales: dilemmas and solutions provides students with the necessary background information to understand why foreclosures and short sales have become more prevalent in most markets. This course addresses how predatory lending and fraud schemes lead to a more volatile market.
This course also gives students the opportunity to walk through the steps appraisers take to determine a value range for a foreclosed property by looking at and analyzing available comparables and market data. “As-is” value, “as repaired” value, and other approaches to value that are often used when appraising foreclosed or short sale properties are also discussed.
Also covered are the appraisal report forms and documents that real estate professionals need to be most familiar with, especially when dealing with foreclosure and short sale properties. New legislation and regulations that were developed in response to the real estate crisis are discussed, as well as future concerns for appraisers.
This seminar is approved by the Nebraska Real Property Appraiser Board for 7 hours of continuing education. C21021.
This seminar is approved by the Iowa Real Estate Appraiser Examining Board for 7 hours of continuing education. #A540-203
Appraisers in other states may be eligible to receive continuing education credit and they should check with their state appraiser board.
The approval by the Nebraska Real Property Appraiser Board is honored by the Nebraska Real Estate Commission for continuing education for sales persons and brokers and by the Nebraska Department of Property Assessment and Taxation for continuing education for Assessor recertification.
This course had been purchased from Hondros Learning Center. Hondros has been granted course approval through the AQB Course Approval Program (CAP).
Moore Appraisal Education is owned and operated by The Moore Group, Inc. The Moore Group, Inc. is authorized to operate by the Nebraska Department of Education under the provisions of Sections 85-1601 – 85-1658.
Classes:
This course is not currently scheduled.