School News

Foreclosures, Short Sales REO¬ís and Auction - Mar 13, 2010      Archive

Unfortunately, the short sale market has been playing a huge role in the sale of real estate for the past year or so. Just as we discussed in an earlier blog how real estate agents need to become technical savvy in the real estate world today, so do real estate agents need to become knowledgeable regarding short sales and the foreclosure process.

Every state has differing primary security instruments such as mortgage or a deed of trust and every state has different foreclosure procedures.

The Foreclosures, Short Sales, REOs and Auctions offered on Cooke School website is included in many of the pre-license packages has an extension directive on each states laws on: Judicial foreclosure and if it is available; what the time-line is for foreclosure; if there is right of redemption; and, if deficiency judgment is allowed. The textbook covers these questions for the states of: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington D.C. West Virginia, Wisconsin and Wyoming. Thanks for visiting our website

Frank Cooke
Cooke Real Estate School