Short Sales in Colorado: From Hardship to Approval | 3 CE Credits | $30
About this Event
Do you know what to do when your client is upside-down on their mortgage?
This class will teach Colorado brokers how to confidently navigate residential short sales from listing to close. With real-world tools for agents.
We'll walk through the entire process, discuss the most common mistakes, and provide actual tools and forms to simplify your transactions. Whether you've done zero short sales or twenty, you'll walk away better equipped to help distressed sellers and protect your buyers.
What You'll Learn:
- What qualifies a seller for a short sale in Colorado
- How hardship letters and loss mitigation packages work
- The lender's net requirement by loan type (VA, FHA, Conventional)
- Inspection and appraisal timelines: What buyers can and can't do
- Forms every broker must use and how to fill them out correctly
- How to structure your contract (including Short Sale Addendum)
- How long short sales take—and how to set expectations
- How to avoid deals falling apart while waiting for lender approval
Extras Included:
- Hardship Letter
- Sample Short Sale Addendum
- Seller financial document guide
- Contract timeline addendum language
Short sales can provide valuable opportunities for homeowners facing financial hardship, as well as buyers seeking unique purchasing opportunities. This course provides real estate professionals with a comprehensive understanding of the short sale process, including lender requirements, negotiation strategies, timelines, and risk management considerations. Participants will learn how to effectively guide clients through complex transactions while minimizing delays and maximizing the likelihood of a successful closing.
Upon completion of this course, real estate brokers will have gained a better understanding of the basic tools needed to successfully obtain, list, manage, and close a short sale.
LOCATION: 5755 Mark Dabling Blvd., Colorado Springs, CO 80919 — First Floor Training Room
There is no room number for the conference room. When you enter, look for signs directing you to the conference room. If you have any questions finding the class, please contact Ben Gosz at 719-602-9431.
Where is it happening?
Event Location & Nearby Stays:
USD 0.00
