CDPE, SFR and others. Which designation contains the best training?

Hi-

I am looking for additional short-sale training and there certainly is a maze of available selections on the internet.  The CDPE seems the most comprehensive and up-to-date, but that may be an inaccurate perception on my part...

The fact that SFR is a NAR designation is not meaningful to me and I'm not sure that I'd want to brand myself as a distressed property expert in the MLS.

 

Can anyone advise me on who has good training with a designation (as designations are meaningful to some consumers, not to mention E and O carriers), that can help me really improve my knowledge and risk management position?

I look forward to hearing your thoughts!

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Permalink Reply by Bryant Tutas on July 3, 2011 at 11:40pm
Michael. Your links are not working

Michael Campus ABR,SFR,SRS said:

Print this, read it, and study it like a textbook:

http://www.hpadmin.com/portal/programs/docs/hamp_servicer/sd1102.pdf

and this:

http://homeownership.org/realtor/sdf0909r.pdf

 

This can be quite an effective tool when you're on the phone with the bank and you quote a passage right out of the supplemental directive....these are the framework for most bank programs and you can even calculate the step waterfall

just like they do.

Permalink Reply by Neddie B. on July 4, 2011 at 2:50am

Michael will need to confirm but I believe that these are the correct links:

 

https://www.hmpadmin.com//portal/programs/docs/hamp_servicer/sd1102...

 

http://homeownership.org/realtor/sd0909r.pdf

 

Permalink Reply by Michael Campus ABR,SFR,SRS on July 4, 2011 at 2:59pm

Thank you Nedy Blanchard. ( oops my typing in url)

 

If any of you out there are speaking to the lienholder, you need to know whats in this.

Supplemental Directive 09-09  (March 26, 2010) is the 'official'  government  sanctioned

guide to foreclosure prevention

Permalink Reply by Elvira Quiray on July 6, 2011 at 11:38am

I agree with you a 110%. Nothing will train you until you are in it. I have taken CDPE and SFR courses. I would say CDPE is more comprehensive. However, mothing is sure fire. Banks always change the procedures.



Ben Benita said:

Jeff hit the nail on the head, the one thing EVERY traning is missing is ACTUAL EXPERIENCE.

 

We looked briefly at starting our own short sale training school (there is an OBSCENE amount of money being made in training and education as someone noted from CDPE and their fees), but, we never bothered to develop the school (takes a great deal of time).

 

I compare short sales to swimming in a pool or riding a bike.....you can READ about it all day, HEAR about it all day, HOWEVER, until you get your butt in the water or on that bike...YOU DON'T KNOW NOTHIN'!!!!!

 

;-)

 

Enjoy the long weekend.

Permalink Reply by MaryAnn Dempsey on July 6, 2011 at 3:20pm

Hi

 

I am a CDPE and I get my short sales closed. At the end of the day, no matter what initials you have behind you, you must know what you are doing, pay close attention and be sure that the bank receives everything needed and in the chronological order they require and you should have a successful short sale closed for your seller.

 

MaryAnn Dempsey

Kimberley Kelly said:

Take all the classes you can-I've found I learned from each, BUT..remember that there is absolutely NOTHING more certifiable for a Short Sale Agent than experience.  NOTHING!  I am so over every Agent saying they are "Certified Short Sale Specialists"..most of them don't know the most minimal stuff about actually managing and closing short sales!  It's like buying a polo mallet, a pair of boots and saying "I'm a polo player!"  What???  Sloggin in the Short Sale troughs..best certification there is. 

Permalink Reply by Dianne Rastelli, GRI, ABR, CDRS on July 7, 2011 at 9:36am

I have the SFR and CDRS designations along with my GRI and ABR. I have also attended other short sales/HUD classes.  I agree with the earlier statement that the SFR was like graduating from elementary school. I have been doing short sales since 2007 and found that CDRS provides great training, webinars and a website for info. I would highly recommend them, however, the best training you are going to receive is in the field actively listing and negotiating them.

 

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