Lee Institute School of Real Estate

Live Classes & Online Courses

Lee-Institute-Office-No.Main Office: (617) 734-3211
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Preparing Massachusetts Real Estate Professionals Since 1956

Foreclosures : Online Course


Credit Hours: 2 Course Fee: $20


RE Online Course: 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 : Massachusetts


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