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Product Description
Every real estate purchase involves several key documents, if there is fraud reading and understanding the documents will show you who’s telling a lie. Every mortgage fraud will also be well documented and discovering differences between the various versions of the documents will usually lead you to the mastermind.
Course Objectives:
• Receive a detailed explanation of the frauds associated with Purchase and Sale Agreements and the Addendums,
• How to cross check the agreements with the listing in the local Multiple Listing Association (MLS)
• Prepartion and submission of the Loan Application (Form 1003)
• How to check Verification of Deposits (Form 1002)
• Details of the HUD-1 (Transaction Summary) and where to find different versions.
• Undertanding Lenders Instructions and Escrow Instructions
Course Objectives:
• Receive a detailed explanation of the frauds associated with Purchase and Sale Agreements and the Addendums,
• How to cross check the agreements with the listing in the local Multiple Listing Association (MLS)
• Prepartion and submission of the Loan Application (Form 1003)
• How to check Verification of Deposits (Form 1002)
• Details of the HUD-1 (Transaction Summary) and where to find different versions.
• Undertanding Lenders Instructions and Escrow Instructions
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