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.