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NAR Launches Short Sales Certification

Nearly one-third of all existing homes sold recently were either short sales or foreclosures, according to National Association of REALTORS® data. To help practitioners meet the needs of home buyers and sellers who need these services, NAR has launched a new Short Sales and Foreclosure Certification Program (SFR).

“Foreclosures and short sales can offer opportunities for home buyers, but it’s extremely important to have the help of a real estate professional for these kinds of purchases,” says NAR President Charles McMillan. “This new certification will help them serve a growing need.”

The SFR certification program is offered by the Real Estate Buyer’s Agent Council of NAR. The program includes training on how to manage short sale, foreclosure, and real-estate owned transactions, and provides resources to help practitioners stay current on national and state-specific information as the market for these distressed properties evolves.

Continue reading: NAR Launches Short Sales Certification

REO's In Sacramento County

Industry Update had the pleasure of hearing from Carl Simpson, Director of Code Enforcement in Sacramento County on Friday, August 28th.  Carl spoke about the County’s perspective on vacant property, as well as a new strategy between SAR and Sacramento County for dealing with foreclosed properties.

Carl and other officials in the County intuitively understand the best solution they have to deal with vacant homes, and the problems associated therein are to get these homes occupied.  And because of this, they have restrained from instituting any fees associated with vacant properties, other than hard out of pocket costs.  After all, with so many foreclosed properties on the market, why would someone put an offer on a home with $20,000 in fees and penalties when there may be one a few blocks down with a clean title? 

Continue reading: REO’s In Sacramento County

Meetings of the Week 8-31-2009

Here’s a look at the meetings going on at the Sacramento Association of REALTORS® for the week starting August 31, 2009:

Monday, August 31 9:00 am — Metrolist Prospector – Course 1 1:00 pm — Metrolist Prospector – Course 2

Tuesday, September 1 9:00 am — Main Meeting 9:30 am — REVEI 10:30 am [...]