Understanding the Home Affordability Foreclosure Alternatives (HAFA) Guidelines and the Impact on Your Short Sale Business
Presented by: Jan O'Brien, Steve Kitnick and Robert Noggle
Topic: Jan O'Brien and Steve Kitnick will discuss the new Home Affordability Foreclosure Alternative (HAFA) Guidelines effective April 5, 2010. They will provide an overview of what every real estate agent involved in short sale transactions needs to know about this program.
Date: April 7th, 2010 Time: 10-11 AM Pacific Time
Cost: $9.95
Registration: By toll free telephone to OnlineEd (866) 519-9597 or click here to enroll online.
Credit Hours: This is a no credit hour Webinar
On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA is a complex program, with 43 pages of guidelines and forms, designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure.
This webinar will cover:
· Why it is important for real estate professionals to understand the guidelines and HAFA’s impact on the short sale market
· Who is eligible for the program
· What loan servicers are participating
· An overview of the process, paperwork, and timeframes
· Benefits including incentives to borrowers and servicers; commission protection, release and full satisfaction for borrowers from future liability
· Potential pitfalls and a few unknowns regarding 2nd liens, possible mortgage payments, and sharing of the commission with
Jan O’Brien – Business & Life Coach, Trainer, Blogger, Facilitator, Speaker
Jan O’Brien has more than 25 years of leadership, training, business and coaching experience. She holds a degree in education from the University of Georgia and served 8 years in the U.S. Army as an officer and Blackhawk helicopter pilot.
Jan has provided business coaching and consulting to more than 100 top producing real estate sales executives and teams to establish and use effective business and real estate systems.
Jan worked with Prudential Americana Group, Realtors in Las Vegas from 1992 to 2009 as a sales executive, broker-manager and from 2007-2009, as the General Manager responsible for recruiting, coaching and leadership training of the management team and 6 branch offices with nearly 1,200 sales executives.
In July 2009, Jan started her own training, coaching and consultant business. Her clients include individual real estate agents, team leaders, brokers and small business owners.
As of March 2010, she along with colleague Steven Kitnick have certified over 550 real estate professionals in handling short sale transactions.
Steven Kitnick – Real Estate Edutainer
Steven Kitnick brings a bountiful supply of talent and skills to the table. He's clever, witty and smart with the penchant for the devils and the details. His entertainment background provides the platform for his pizzazz and panache. Steve's trademarked slogan Results with Integrity™ captures the essence of his business philosophy.
With over 25 years of real estate experience, Steve represented clients and customers in the marketing and sales of residential properties. He was noted for generating new customer leads, maintaining and servicing existing clientele – with high client and customer satisfaction rates.
Since 2003, Steve has been the managing director of Steven Kitnick Seminars, LLC – a continuing education provider for the real industry. Steve has authored over 20 continuing education and pre-licensing courses. Thousands of Las Vegas-area licensees have attended his classes over the years. His passion for helping them better serve the consumer is evident in the success and feedback from his students.
Robert Noggle- Attorney