The housing market crisis has changed the role of real estate professionals. As homeowners turn to HAFA short sales as a viable option to avoid foreclosures, it is vital to your real estate business to know and understand short sales.
And now that the Home Affordable Foreclosure Alternatives (HAFA) program has been officially extended until December 31, 2013, it is a great time to become a Certified HAFA Specialist! Click here to learn more about the new program updates.
As a real estate professional, it is important to learn HAFA short sales because they are the only standardized short sale program adopted by multiple national lenders and servicers including Fannie Mae and the Freddie Mac.
When you become a Certified HAFA Specialist (CHS), you become a trusted resource in your community. Provide homeowners with the expertise, knowledge, and guidance they’re looking for to avoid foreclosure and understand their options.
As homeowners face the possibility of losing their homes, give them the confidence they have the most qualified consultant to handle their distressed property: YOU!
This training program provides real estate professionals with the knowledge and tools they need to master the HAFA short sale program.
What you will learn:
Learn what HAFA is and who it affects
Learn HAFA eligibility criteria
Learn the updated guidelines effective June 1, 2012, expanded to include eligibility to a larger population of homeowners, including: o Making Home Affordable Programs extended to December 31, 2013 o Now includes rental properties for HAMP and HAFA o Updated forms o Increase in gross proceeds available for ‘subordinate mortgage lien’ payment o ‘Subordinate non-mortgage lien’ payment o Tenant incentives o Credit bureau reporting update
Understand how HAFA works with the Home Affordable Modification Program (HAMP)
Learn how investors and the HAFA transaction work
Understand the responsibilities of Sellers (Distressed Borrowers), Real Estate Professionals, and Servicers under HAFA
Learn how to target HAFA short sales through a simplified eligibility evaluation
Understand how to convert currently listed or submitted short sales to HAFA transactions Why you’ll benefit
What you'll benefit:
Learn From An Expert: Receive quality instruction from a leading HAFA advocate who understands the mortgage industry.
Grow Your Business: When you become a more effective short sale consultant, you gain valuable clients, maintain lifelong relationships, and receive referrals.
Become a Trusted Resource in Your Community: Educate consumers and distressed homeowners about their options.
Protect Your Commission: HAFA can help you make more money as your commission is protected.
Get Found by Distressed Homeowners: Once you complete the training and pass the test, you will be included in the Nationwide Consumer Certified HAFA Specialist Search Tool.
24/7, Online Access: Login to your student account anytime, anywhere to review videos and content.
Materials & Resources:
Downloadable HAFA Program Resource Manual
Downloadable HAFA Eligibility Worksheet
Tutorial video modules that provide guidance on completing the necessary forms
Printable HAFA Forms
Certified HAFA Specialist Certificate of Completion
Certified HAFA Specialist (CHS) logo for use in marketing materials
Delivery: The Online CHS Training is presented in pre-recorded, video modules followed by short tests. You’ll have access to your student account 24/7, so you can complete the training at your leisure (up to 90 days after purchase).
Duration: 4 hours (To obtain your HAFA Specialist Certification, you must complete the 4 hour video modules and successfully pass the exam).
Cost: Only $129 for C.A.R. Members (enter promo code APCAR013 at checkout to save $20 off the standard retail price of $149)
Also Available - The HAFA Resource Guide The "Understanding the Home Affordable Foreclosure Alternative (HAFA)" publication is the perfect study guide companion to the CHS online course. This guide will provide you with a better understanding of the HAFA program as it relates to the consumer and the real estate industry. Be confident with all of the processes, documents, and timeframes built into the HAFA short sale program with this handy HAFA resource guide.