Learn how distressed sales work: the foreclosure timeline, short sale packages, lender negotiation, bank-owned (REO) properties and helping clients understand their options.
Who this course is for
Licensed agents, investors and housing counselors who work with distressed properties.
What you’ll be able to do
- Explain the foreclosure process and timeline at a high level
- Prepare and submit a complete short sale package
- Communicate with lenders and servicers effectively
- Buy and sell bank-owned (REO) properties
- Refer homeowners to HUD-approved counseling and attorneys
Course curriculum
Module 1: Distressed property basics
Distressed sales follow different rules. This lesson covers why homes become distressed and the options homeowners have.
Module 2: The foreclosure process
Foreclosure varies by state. You learn judicial vs. non-judicial foreclosure and the key stages and notices.
Module 3: Short sale packages
Lenders need a complete file. This lesson covers hardship letters, financials, the listing and the offer package.
Module 4: Negotiating with lenders
Short sales succeed on persistence and organization. Learn how to work with servicers, investors and mortgage insurers.
Module 5: REO and auction properties
Bank-owned properties have their own process. You learn how REO listings and auctions work for buyers and agents.
Module 6: Ethics and homeowner protection
Distressed homeowners are vulnerable. This lesson covers foreclosure-rescue scams, disclosures and ethical practice.
How it works
Self-paced online course. Lifetime access. Work through the modules in order, apply the checklists on real jobs, and finish with a Certificate of Completion.
FAQ
Is this a license or certification? No. This is skills training. You receive a Certificate of Completion. Licensing requirements vary by state and trade — always verify your local requirements.
Does this meet state licensing or continuing-education requirements? No. This course is skills training, not an approved pre-licensing or CE course. Licensing rules vary by state, so check with your state’s real estate commission.
How long do I have access? Lifetime access, including updates.
What if it’s not for me? Contact support within 14 days of purchase.