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Preparing Massachusetts Real Estate Professionals Since 1956
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All Continuing Education completion certificates will be issued to those students who complete their seminar and submit the course evaluation and affidavit.
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.