THIS COURSE REQUIRES THAT AN ONLINE TRAINING MODULE BE COMPLETED PRIOR TO THE FIRST DAY OF CLASS. Economic education is a critical piece of a comprehensive homebuyer education program. Given today’s economic climate and the increasing complexity of financial services, long-term successful homeownership requires sound knowledge of how to navigate the maze of financial options available. This course will identify the essential components of an effective financial literacy program and provide tools to help participants design programs that meet the needs of their target communities. INFORMATION ON HOW TO ACCESS THE ON-LINE TRAINING MODULE IS MADE AVAILABLE VIA EMAIL AFTER PARTICIPANTS REGISTER FOR THE COURSE.
In today's real estate market borrowers who are interested in purchasing a home will likely consider the growing inventory of Real Estate Owned (REO) property. These properties may offer attractive pricing, but also present hidden challenges and pitfalls to potential buyers. Homeownership counselors, providing comprehensive individual counseling, can equip clients with timely information to make informed decisions and protect their future asset. Participants attending this course will learn:
Who is selling these properties (from nonprofits, municipalities, banks, etc.)
How to assist your client through careful analysis of the sales contract
How to engage home inspectors and avoid the pitfalls of purchasing "as is" properties
How to determine if special financing may be available for clients purchasing REO properties.
What are the counseling program details of HUD's Neighborhood Stabilization Program (NSP), and how to determine if this program can help meet the needs of your clients.
