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Home FAQ Foreclosures What is a Short Sale and Foreclosure Resource Qualified Realtor

What is a Short Sale and Foreclosure Resource Qualified Realtor

Short Sale and Foreclosure Resource Qualified Realtor®

 

The SFR is a certification recognized by the National Association of Realtors® to help homeowners facing foreclosure and buyers of short sale and foreclosure properties.

“Streamlining short sales and foreclosure processes is essential for real estate recovery and economic stability,” said NAR President Charles McMillan, “Realtors® are an important part of this effort, and this new certification will give NAR members the skills, knowledge and resources they need to help families on both sides of the transaction.”

According to NAR data, nearly one-third of all recent existing home sales were either short sales or foreclosures. Some short sale transactions are reportedly taking six months to nearly a year to close. The length of time to complete the transaction has frustrated many buyers, thus preventing some sellers from avoiding foreclosure through a short sale. Through this certification and other programs, NAR is working to help streamline short sales and help more families avoid foreclosure.

Get the help you need with a qualified and trained professional




 
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