Webinars

FHA 203(k) Loan and Renovation Program 203

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Description:

Foreclosures and other distressed real estate sales have hit historic highs, accounting for a significant percentage of transactions in today's market. These properties, however, often need repairs and improvements to achieve their full potential.

Additionally, if the homes are real "fixer uppers" it could become virtually impossible for your buyers to secure hassle-free mortgage loans ... even if they are diamonds in the rough.

The good news is that the relatively unknown — albeit incredibly helpful — FHA 203(k) program from the U.S. Department of Housing and Urban Development (HUD) is available to ensure that these types of deals don't fall through. It provides renovation loans for home improvement projects, allowing your buyers to purchase and/or refinance properties and roll the cost of making the repairs/improvements into the loans.

Even better, as a smart and highly-trained agent, you will soon be able to alert your buyers of this option, as well as walk them through the entire application process from start to finish to ensure successful closings. That's because Patrick Butler — a pioneer in loss mitigation and short sale automation — will reveal everything you need to know in this special Certified Foreclosure Agent training course offered through Foreclosure.com's Agent University.

This course will cover:

• Ins and outs to the FHA 203(k) loan program
• Help you determine who among your pool of potential buyers are a good fit
• Deep dive through the application process
• Understanding from the lender's perspective
• How to integrate this program into your practice

Presenter:

Patrick Butler

Patrick Butler Director of Partner Relations for QuickSale.com Patrick Butler is a 23-year veteran of the residential real estate industry. His first 10 years in the industry were spent in the Cendant family as a sales associate, sales trainer and ultimately branch manager of several successful Coldwell Banker offices in Southeast Florida. Read more In 1996 Patrick found his true niche as vice president of corporate business development with Prudential Florida Realty, which later became Arvida Realty Services. During his tenure there his division grew from $300 million in annual sales volume to more than $1.2 billion, using cutting-edge systems he helped to develop and deploy. Patrick has been a pioneer in the development of loss mitigation services and has educated countless consumers and real estate professionals on the intricacies of this constantly evolving industry. Today, Patrick represents Foreclosure.com in its efforts to educate and assist sales associates and consumers on the secrets of successfully negotiating short sales. Close

Watch RIGHT NOW with Foreclosure.com On Demand!

There's no waiting — watch instantly!