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Free Webinar Will Detail New Short Sale Guidelines for the FHA

On June 28th, FHA will host a free webinar through its National Servicing Center to help close the education and communication gap between FHA servicers and real estate professionals who are working with FHA borrowers in the short sale process. The webinar is designed for all real estate professionals, but HUD specifically asked NAR for local board participation from REALTOR® members. The webinar will identify REALTOR® “best practices” when utilizing FHA’s Preforeclosure Program, describe how HUD Servicers are required to apply loss mitigation tools to customers in need, identify the benefits, features, and qualification criteria for the program, and will explain how to recognize the difference between the market/appraised value for a property and the minimum acceptable net sale proceeds. To register for the webinar, please visit the HUD website.