The 3 hour Loss Mitigation Certification (LMC) Graduate Course is available to any REALTOR® member who has previously taken the LMC program and is intended to provide in-depth information as it specifically relates to REO’s, short sales and foreclosures. Topic highlights include short sale duties, financing options and home inspection issues, along with foreclosure counseling, resources, profit versus non-profit and risk/liability and REO property management and safety concerns. Another component of the LMC Graduate Course includes short sales and foreclosure offers, which will also count towards 2 Continuing Education hours in Offers (RE35RC03).
**We strongly urge you to bring along your LMC Manual to the class since the instructor may refer to specific areas of the book, in addition to the handouts you will be receiving. As a courtesy, we have attached an electronic version of the manual in case you have misplaced yours. Please be reminded that the LMC Manual is copyrighted and only available for those who have taken the certification. No republication or dissemination is allowed without the express written consent of the Massachusetts Association of Realtors®.”
This course is $99
Class Outline
1. Offers
Elements
Presentation
Enforceability
2. REO
Rundown of Foreclosure Process
State specific issues & concerns
Initial Intake
Listing
Pricing
Offers
Contracts & Closing
Tenants
3. Short Sales
Intake interview & Recognizing a Short Sale
Presenting Options
Professionals
Preparation & Setting Expectations
Pricing & Listing
Disclosures & Addendums
Preparing the package
Offers & P&S
Contingencies
Active, Red Active, Under Agreement
Contracts & Closing
Specific concerns & Issues
4. Attorneys Role
