This 2-hour webinar will provide detailed information on the requirements for the Freddie Mac Standard Short Sale and Standard Deed-in-Lieu of Foreclosure. Collectors, Customer Service Representatives and Loss Mitigation staff will learn eligibility and documentation requirements, how to evaluate for borrower contribution and relocation assistance, if applicable, as well as closing requirements.
Prerequisites:
This session is for employees of approved Freddie Mac Servicers only
Internet-connected computer with sound
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
Course materials will be e-mailed to attendees prior to the start of the session
Objectives:
Understand the difference between a Standard Short Sale and Standard Deed-in-Lieu of foreclosure.
Understand the eligibility requirements.
Be able to document and complete short sales and deeds-in-lieu of foreclosure.
Understand delegations of authority and when you need to obtain approval from Freddie Mac.
Topics:
Standard Short Sale and Standard Deed-in-Lieu of Foreclosure overview
Delegations of authority and when you need to obtain Freddie Mac approval
Standard Short Sale & Deed-in-Lieu of Foreclosure