SFR Designation
The Real Estate market is changing fast. Recently the NAR (National Association of Realtors) developed a program that educates agents to become advocates for sellers who find themselves in very difficult waters with their current mortgage, i.e. short sales and foreclosures. A short sale is when a homeowner sells their property for less than the current mortgage balance. The “shortage” is often but not always absorbed by the bank. Because of the growing problem with foreclosures, this option is providing a way out for distressed homeowners and banks who find themselves with a growing inventory of bad mortgages.
The NAR developed the “Short Sales and Foreclosure Resource Certification” (SFR), which 
I was happy to learn more about. Recently I passed the exam and received the SFR certification. I also completed the REO Trans Network training and exams and am now certified to assist with REO inventory (Real Estate Owned) that the banks have assumed. As a leader at Shorewest I believe that continuing education is paramount in addition to assisting clients in this very difficult economy.
If you have further questions about the market give me a call at the office, toll free 1-888-HEY GLEN
Posted by:
Glenn Hanon
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