OnDemand Program:
Short Sales: Basic Procedures and Strategies for Success
Description: As mortgage delinquencies continue to rise, many homeowners turn to short sales as an alternative to foreclosure. However, the short sale process is inefficient and labor intensive, making short sales time consuming and difficult to complete. Learn what you need to know at this FREE seminar to help your clients successfully complete short sale transactions.

Karen Courtney, Managing Attorney of the ATG Short Sale Coordination Department, and Betsy Green, ATG Short Sale Coordinator, will explain the basic mechanics of the short sale process and offer some strategies for success, to help you maximize your clients' chances of obtaining short sale approval. Topics to be discussed include the following:
  • An overview of short sales;

  • The basic steps involved in obtaining short sale approval;

  • The documentation required by lenders to approve a short sale;

  • Common problems and ways to avoid them;

  • Suggested best practices and tips for success;

  • A review of sample short sale HUD and sample short sale payoff letter:

    • Compliance with short sale payoff terms and conditions

    • Compliance with title company underwriting requirements

  • A description of services performed by the professionals in our ATG Short Sale Coordination Department

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Speakers: Karen G. Courtney, Managing Attorney, ATG Short Sale Coordination Department, Chicago, Illinois
Betsy Green, Short Sale Coordinator, ATG Short Sale Coordination Department, Chicago, Illinois
CLE hours: 1.50 MCLE in IL (contact registrar regarding CLE in other states). Expires September 25, 2012.
Audience: ATG and IRELA members, real estate attorneys, paralegals, and support staff



[Last update: 12-16-11