Written by: Mildred Wilkins, President

                 Home Ownership Matters

                 7399 N. Shadeland Avenue, #201

                 Indianapolis, In  46250

                 Copyright 2004, Mildred Wilkins, HOM

Practical Application Loss Mitigation

PALM   Course Description

This 3 hour course is designed to provide understanding of the options available for borrowers who are in default or nearing foreclosure.  REALTORS®, attorneys, housing counselors and other housing professionals can benefit by exploring these options. Intervention when the re-sale value of the property is less than the indebtedness ( a frequent occurrence) will be discussed.

 

GOAL

The goal of this course is to give  housing and legal professionals enough practical information to:

 

1.              Become aware of the options available to avoid

foreclosure.

 

2.              Provide clarity on appropriate timing for specific intervention efforts.

     

3.              Discuss practical recommendations to handle

Situations with consumers/clients.

 

4.              Understand FHA regulations and implications

for loss mitigation. 

 

5.              Understand the role of a REALTOR® competent in

Short-Sale as an intervention tool.

 

6.              Provide additional resources for professionals

who want to their knowledge.