Record numbers of foreclosures have radically changed the residential real estate market in the last year and affected all aspects of the practice of residential real estate law; real estate closings; lending and sales. Whether your real estate market has experienced a bubble burst or merely a fizz; your practice has been affected by slowing markets; the subprime meltdown and the record number of foreclosures.

In response; mortgage lenders are increasingly entering into negotiated settlements to accept less money than is owed on a mortgage as an alternative to foreclosure. While the short sale is not a new concept; it has seen increased importance as a means of mitigating a lender's losses from the rapidly rising tide of foreclosures.

This teleconference will enable you to understand the important role short sales have in your business and equip you to better assist your clients with this foreclosure alternative. The teleconference will also provide step-by-step instructions on how to negotiate short sales successfully and address important ethical and professional considerations.

Faculty: Benjamin C. Pargman; The Short Sales Service; Inc.

Verification and Attendance is the responsibility of Lorman Education For credit questions, please contact Lorman at 866-352-9540

On Demand CLE Hours: AK 1.5; AL 1.5; AZ 1.5; CA 1.5; IL 1.5; MO 1.8; MS 1.5; MT 1.5; ND 1.5; PA 1.5; TN 1.5; VT 1.5; WA 1.5; WV 1.8

Self-Study CLE Hours: AK 1.5; CO 2; GA 1.5; MO 1.8; MT 1.5; NY 1.5; OR 1.5; TX 1.5; UT 1.5; VT 1.5; WA 1.5; WV 1.8

On demand orders placed on a weekend or holiday will be fulfilled on the next business day.