Success with 203K Purchase/Rehabilitation Transactions

Description

The purpose of this course is to introduce and educate Real Estate professionals on the complete features and guidelines of the FHA 203k program and to gain a thorough understanding of the applications to such real estate transactions.

This course cover the following topics

* History of the program as it progressed to present day guidelines and uses

* The types of sales transactions that can benefit with the program

* Common obstacles that can be alleviated by using 203k financing

* General description of 203k programs; Full vs. limited

* Borrower and Property Eligibility

* Defining acceptable scope of work and allowable/non-allowable renovations

* Working with Contactors/Estimates/Architects/HUD consultant/work write-up

* Defining allowable rehabilitation costs (soft costs)

* Building the complete rehabilitation escrow

* Structuring the purchase transaction and Much More!

This course is Approved for 3.75 Hours NYS CE Credit

Instructor: Andy Thaw CE Credits by WEBINAR requires that you have both a microphone and a webcam in order to earn CE Credit

Registrants will receive webinar instructions 24 hours prior to start.

Cancellation Policy for LIBOR courses:

Full refund will be issued if cancellation is made 3 or more business days prior to class. NO REFUNDS if cancellation is less than 3 business days, instead Education Credit will be issued for use within one year of cancellation. Students who do not show for class will LOSE entire tuition.LIBOR reserves the right to cancel class if minimum enrollments is not met. If LIBOR needs to cancel or delay a class due to inclement weather or emergency, information will be posted on Stratus by 7:00 am and also on our automated voice mail message system on 631-661-4800, also by 7:00 am

Attendance Policy for LIBOR Courses

LIBOR strictly follows Section 176.6 of the NYS License Law – Article 12A. Students are only permitted to miss 10% of classroom time. If more than 10% of class time is missed for any reason, NYS continuing education credits will not be issued. All New York licensing classes follow the same law for permissible time missed.

Cancellation Policy for NAR Designation courses:

A cancellation 10 or more days before a class is subject to a $25 fee. No refund is available for a cancellation made within 10 days of class or for a no-show.”

Accessibility Policy for LIBOR Courses:

Pursuant to 42 U.S.C.A. 12189, LIBOR offers examinations and courses in a place and manner accessible to persons with disabilities or will offer alternative accessible arrangements for individuals with disabilities. If you need accommodations that are necessary to meaningfully access LIBOR courses and testing, please contact LIBOR via email at educate@lirealtor.com or by telephone at 631-661-4800 x2, then option 2. LIBOR will review that request and then will explore with you what accommodations can be provided without fundamentally altering the nature of the course or the test with the final decision as to the particular accommodation to ultimately be decided by LIBOR upon completion of this process.

Registration Closed
  • CE Credits 3.75
  • Member: $39.00
  • Non Member: $59.00