Short Sales 101 2CE

Learn what you need to know about a Short Sale transaction and the responsibilities of the Agents.

» Review the Short Sale Timeline to get an understanding of the difference in time frame from a traditional sale.

» Compare the Short Sale Timeline to the Colorado Foreclosure Timeline and learn what must be done to prevent foreclosure.

» Explain what both Agent’s roles are in the transaction.

» Learn why banks do Short Sales in lieu of foreclosing.

» Common Seller questions and how to answer them.

» What due diligence you must do before listing the property.

» What required documentation do you need to complete a Short Sale.

» How to write a Short Sale Contract and Short Sale Addendum.

» How to review a Short Sale Approval Letter.

» What additional closing documentation do Short Sales need.

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