This training, supported by the Arizona Foreclosure Prevention Task Force, provided important information on foreclosure prevention and loss mitigation resources for sustaining homeownership in your community.
The training course covered the following topics: the history of loss mitigation; the lender/investor/servicer relationship; general mortgage loan servicing requirements; loss mitigation options and qualification standards; best practices for counselor/realtor interactions with servicers; retention options; short sales; and real estate owned (REO) homes and properties.
Any practitioner working with homeowners at risk of a potential foreclosure were encouraged to attend, including realtors, attorneys, public officials, social workers, brokers, and housing counselors.*
*This class was a non-certification training that provided an introduction to foreclosure issues and loss mitigation resources. |
