WorkItOut.com: Mortgage Default

Course categories:

How To Save Your Home If You Are in Default
Helper: Admin

This course describes mortgage default, the loss mitigation options made available by mortgage lenders to resolve that default, and the approach you will need to take with your lender. It is divided into two sections, The Course and The Exam:

The Course

The importance of mortgage debt in America
The number of people who go into default each year and the results
The foreclosure process (with a link to the foreclosure procedures in your state)
Loss mitigation in general
Forbearance agreements
Repayment plans
Loan modifications
Partial claims
Workout assumptions
Short sales
Deeds in lieu of foreclosure
How to discuss your loss mitigation alternatives with your lender

The Exam
Once you have finished with the course material, there is an exam. You need to score 80% or higher to pass the exam.

Course Requirements

How to Use WorkItOut.com
Unless you are a strong Internet user, it is recommended that prior to taking this course, you first take the How to Use WorkItOut.com course.

How To Provide Your Financial Information To Your Lender
Helper: Admin

This course takes you step-by-step through the process of providing your financial information to your lender.

All materials presented in WorkItOut.com are presented as an author, publisher, distributor and seller of works subject to Federal copyright protection and are specifically presented from a mortgage lender's perspective. WorkItOut.com does not attempt to collect debts and does not provide bankruptcy assistance. The material is for informational purposes only and the information is not to be construed or relied upon in any way as legal or professional advice. WorkItOut.com strongly encourages you to to consult counsel and other appropriate professionals before adopting any of the ideas or suggestions in this material, which may or may not be applicable to your specific situation. WorkItOut.com does not guarantee the accuracy of the information, and is not liable for any damages, losses or other detriment that may result from the use of the WorkItOut.com website. In addition, WorkItOut.com does not guarantee the availability of the WorkItOut.com website.