Attend The ILHM Center for Asset Preservation (CAP) Short Sale Summit 2009.

Earlier this year, the government rolled out the Making Home Affordable Program (MHA).

MHA has changed the process, guidelines, and paperwork required for Short Sales. It is in effect now ... covers 9 out of 10 home loans ... and is mandatory. Servicers' loss mitigators are being trained now. Real estate agents must also follow the new process, understand the rules and guidelines and use the standardized paperwork. It's a whole new ballgame!  Even if you've already earned a distressed property designation, this is advanced training you must have.

Here's the easy way to learn what you need to know.

This two-day event includes CAP's comprehensive Short Sale Success training that will teach you how the Making Home Affordable Program works (presented by Laurie Moore-Moore).

Here's some of what you'll learn:

• Eligibility requirements for the MHA program
• The new MHA mandatory Short Sale process and the one point during loss mitigation when a Short Sale will even be considered
• The three “packages of information” the servicer now requires (with checklists)
• How servicer and investor motivations have changed
• The new financial incentives for servicers and lenders and how to use them in negotiating
• Who now sets the list price and listing term – it’s not the homeowner
• The government’s new rule covering your commission
• What the government will now pay to your seller
• Why removing junior liens just got easier
• Who is now policing the servicers to be sure they perform (and how)
• The latest on debt forgiveness and seller’s tax liability
• And more…

You'll also receive samples of relevant checklists, documents, the new required forms and more. To ensure that you'll be up to date as the MHA program evolves and new rules and procedures are implemented, all attendees will also receive 12 months of free access to the Short Sale Success online training course and downloadable resources, which will be continuously updated.

On both days, you'll hear from speakers and panels of governmental officials, loss mitigators, and other agents.  You'll have the opportunity to network and will leave having earned a CAP Short Sale Achievement Certificate, indicating you have received Making Home Affordable training.

A detailed agenda with speakers and panelists will be published soon.

The U.S. Treasury Department estimates that as many as nine million homeowners will face foreclosure in the next 36 months. These are homeowners in distress – families facing crisis. America's real estate professionals are rallying to help. But first, real estate professionals must arm themselves with up-to-date information.

*** Members of The Institute for Luxury Home Marketing enjoy discounted registration. The discount code can be found on the Welcome page in the Members Only section of the ILHM website.

The Short Sale Summit it approved for 15 hours of continuing education credit for Texas Realtors.
(TREC Course # 15-00-081-8456; Provider #0398; The Institute for Luxury Home Marketing)

America's homeowners need you. Get involved. Get Trained. Get to Work!