Center for Asset Preservation (CAP) Offers Industry's First Online Short Sale
Training Covering Government's Making Home Affordable Program
The ILHM Center for Asset Preservation's new Short Sale Success training – the industry's first
comprehensive training course covering the administration's new Making Home Affordable
Program (MHA) – is now available online.
(Vocus) September 5, 2009 -- The central focus of the CAP course is successful Short Sales under the new MHA
processes, guidelines, and required paperwork. The training also provides an overview of other MHA foreclosure
avoidance options, as well as key information on the Mortgage Forgiveness Debt Relief Act.
"We created CAP and began developing this training for our ILHM members, but when we discovered that no
one was offering detailed training covering Making Home Affordable, we decided to open the training to all
brokers and agents," said CAP co-founder Laurie Moore-Moore. "This information is 'must have' information for
agents wanting to help homeowners avoid foreclosure through short sales, regardless of the property price."
Training includes a module on luxury home short sales.
The Making Home Affordable Program covers nine out of ten mortgage loans, is in effect now, and is
mandatory. Loss mitigators are being trained currently. Moore-Moore believes that Real estate agents must also
be knowledgeable. "For agents who have taken short sale training in the past or even earned a distressed property
designation, the CAP course is vital new information," said Moore-Moore.
In addition to online training, CAP is hosting a live event, the Short Sale Summit 2009 on October 7 and 8 in
Houston (TX). In addition to the Making Home Affordable training, The CAP Summit will include panels and
presentations featuring government officials, loss mitigators, and real estate agents. A special module reviewing
the impact of MHA and the Mortgage Forgiveness Debt Relief act on luxury property short sales will be included.
There will also be special networ