|
|
Liens, Taxes and Foreclosures
3 hours of Washington Mortgage Originator Continuing Education
|
|
This course discusses liens, taxes and foreclosures. There are many types of liens as well as several kinds of taxes that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lien-holders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real state licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers.
Click here for Washington Mortgage Originator requirements.
This course is offered through 360 Training, but all other bonus materials are offered exclusively by Washington Real Estate School Online.
|
|
Sale Price: $49.00 $99.00 |
| Save during our promotion! |
|
|
|
Mortgage Broker Continuing Education Requirements
- Designated brokers must successfully complete three approved continuing education courses (PDF)* each year. See WAC 208-660-270 for details.
- Designated brokers may receive credit for one course by attending three mortgage broker commission meetings.
- During a mortgage broker's first year of acting as a designated broker one course must cover ethics.
Note: Please include a copy of your continuing education certificate when paying your annual assessment to the Department (“DFI”).
Loan Originators Continuing Education Requirements
- Loan Originators must successfully complete two approved continuing education courses each year. See WAC 208-660-370 for details.
- Loan Originators may receive credit for one course by attending three Mortgage Broker commission meetings.
- During a Loan Originator’s first year of licensure one of these courses must cover ethics.
The first lesson presents a general overview of liens, explains the classification of liens and discusses the types of non-tax liens. We then discuss taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes, and tax shelters for homeowners and investors. We also include a discussion about the priority of liens and the methods of foreclosure, redemption, deficiency judgments, and tips. |
|
|