The Tea on Short Sales, What agents need to know.

The Tea on Short Sales: What You Need to Know

When a homeowner realizes they can no longer afford their mortgage, the road ahead can be confusing, emotional, and time-sensitive. Loan modifications, repayment plans, forbearance, deed-in-lieu, foreclosure—and potentially a short sale—may all become part of the conversation. For the real estate professional, understanding where a short sale fits into that process is critical.

The Tea on Short Sales: What You Need to Know takes agents and brokers through the full life cycle of a short sale, beginning with the homeowner's first signs of financial distress and the mortgage workout options that may be available before a short sale becomes necessary.

When a short sale is the appropriate path, the real work begins.

This course breaks down the short sale transaction from listing to closing, including lender requirements, seller eligibility, required documentation, property valuation, offers and approval, working with asset managers and…