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Lee Institute School of Real Estate

Live Classes & Online Courses

Call us - (800) 649-0008
(Outside 617 Area Code) or Direct - (617) 734-3211
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Preparing Massachusetts Real Estate Professionals Since 1956

Foreclosures : Online Course

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Credit Hours: 2 Course Fee: $20

Foreclosures

Foreclosures

Most buyers purchase real estate through the use of borrowed funds. This course is designed to review the financial process and the way lenders secure the promise to re-pay a loan by using real estate the borrower will or does own as collateral. Discussed first are the differences between a promissory note, land sale contract, and a mortgage. Specific terms of the mortgage and various mortgage types are reviewed. The course concludes with an overview of the foreclosure process and the sources available to a buyer seeking to purchase or real estate agent seeking to list a pre-foreclosure (short sale) or foreclosed (bank-owned/REO) property.

RE28RC12 : Rhode Island

 

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