Friday, February 24, 2012

New NAR Partnership Aims to Assist You With Short Sales

The National Association of REALTORS® is teaming up with the U.S. Department of Treasury for a series of workshops to help real estate professionals better assist home owners who are struggling to sell their homes in a short sale.

At upcoming Making Home Affordable “Help for Homeowners” outreach events, real estate professionals will be able to gain greater insight into navigating short sales and also have the chance to meet directly with loan officers on their clients’ behalf for any assistance with challenging transactions.

Those who attend the events will hear directly from lender and loan servicers about the short sale process as well as learn tips to effectively negotiate short sale offers and how to speed up these transactions. Treasury officials will also be present to speak about foreclosure prevention programs, such as the Home Affordable Foreclosure Alternatives (HAFA) short sales program.

By REALTORS® and the Treasury Department working together, “we can improve the success rate for short sale transactions, which will reduce the overall number of foreclosures and benefit sellers, lenders, buyers, and the entire community,” said NAR President Moe Veissi.

The outreach events will be held throughout this year. The next session is slated for Feb. 24 in Tampa, Fla. Additional events are planned for Chicago, Indianapolis, Los Angeles, and Sacramento, Calif. Live webinars will also be available for those who can’t attend in person.

For more information about the “Help for Homeowners” events, visit www.makinghomeaffordable.gov/get-assistance/homeowner-events/Pages/default.aspx or register to attend at www.hmpadmin.com/portal/resources/eventinfo.jsp.

Source: National Association of REALTORS®

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