About The Ritchie School of Real Estate Finance
HOME | Videos | Blog | About The Ritchie School of Real Estate Finance | Contacts | Class and Seminar Schedule | Credit Repair Letter | Pre-Approval vs. Pre-Qualification | HUD Q & A for Homebuyers | About Patrick

1. Understanding Consumer Credit Rights and Responsibilities (3 Hours Real Estate Legal Issues) answers the common questions people have regarding credit (based on the book The Credit Road Map):

  • Consumer rights under the Fair Credit Reporting Act
  • Reading a credit report
  • Credit scoring
  • Improving the overall credit profile

 

2. Law and Mortgage Finance (3 Hours Real Estate Legal Issues) designed to train REALTORS® about navigating and understanding the federal and Arizona laws as they pertain to mortgages.

  • Overview of legal analysis and citation
  • Overview of Dodd-Frank Act; Home Mortgage Disclosure Act
  • Overview of community property, title in Arizona, statutes, and purchase contract
  • Overview of federal credit, collection laws, and bankruptcy

 

3. Understanding FHA Home Loan Guidelines and Policies (3 Hours General) educates REALTORS on working with FHA home loans:

  • Overview of the Federal Housing Administration
  • Credit analysis for FHA
  • Borrower qualifying
  • Underwriting and appraisal requirements

 

4. Consumer Protection and Credit Repair: Examining the Fair Credit Reporting Act: (3 Hours Real Estate Legal Issues) examines the Fair Credit Reporting Act and its impact on consumers ability to qualify for a mortgage. It is one of the single most important pieces of legislation for consumers in regards to the actions it prohibits and the limits it places on the reporting of harmful information about consumers on credit reports. The course looks at court opinions to arm consumers with the knowledge to protect themselves from predators and to correct their credit reports.

·         Handling credit report disputes and documentation

·         Addressing zombie debt and collections

·         Understanding the time limits on negative information

·         The dirty games creditors play on credit reports

 

5. Financial Recovery Workshop (3 Hours Legal) This course is complete overview of recovering from a financial disaster after losing a home to foreclosure, short sale, or experiencing a bankruptcy:

  • Raises awareness of the legal issues surrounding credit, in-depth analysis of the Fair Credit Reporting Act, Fair Debt Collection Practices Act
  • Explanation of bankruptcy impacts on credit and financing real estate
  • Examination of mortgage guidelines and desired outcomes for consumers facing post home loss circumstances
  • The course objective is to train attendees what approaches consumers should take to get back on track after losing their house in order to purchase a home again when they are eligible for a mortgage

 

6. Understanding Mortgage Disclosure Forms (3 Hours Disclosure) equips REALTORS with the knowledge to answer the question “What am I signing”? :

  • Full explanations of each mortgage disclosure form will assist in combating mortgage fraud and reduce buyer confusion.
  • The primary disclosures covered are for Conventional, FHA and VA mortgages.
  • Explains the industry standards, when and why the documents must be signed.

 

7. Dodd-Frank 2014 Compliance in Arizona (3 Hours Legal) examines the Dodd-Frank Act as it pertains to conducting real estate finance transactions in Arizona:

  • Legal changes under 2014 enforcement
  • Ability-to-Repay (ATR) & Qualified Mortgage (QM)
  • New AAR and CFPB forms for Dodd-Frank Compliance
  • Impacts in the local market

 

8. Options for a Troubled Homeowner (3 Hours Legal) is designed to train REALTORS® in all legitimate available remedies to avoiding a foreclosure including a short sale and other loss mitigation techniques. This course is part of the National Association of REALTORS® Foreclosure Prevention and Response (FPR) Program presented in Arizona:

  • HUD approved counseling agencies as a champion for the consumer
  • National Consumer Law Center recommendations for preventing foreclosure
  • Loan modification guidelines set forth by the U.S. Treasury Department
  • Preparing for and submitting a short sale  

 

9. Credit and Legal Ramifications in a Mortgage Crisis (3 Hours Legal) is designed to train REALTORS® about the inner workings of credit, addressing damage from a mortgage crisis, possible legal ramifications, and/or future collection actions from third parties. This course is part of the National Association of REALTORS® Foreclosure Prevention and Response (FPR) Program presented in Arizona:

  • Overview of the credit system and how the score is derived
  • Overview of the Fair Credit Reporting Act and the protections afforded consumers
  • What to do when facing possible legal ramifications stemming from debt
  • Handling future collection attempts by third-parties which have purchased discharged or settled debt at pennies on the dollar

 

10. Rebuilding and Qualifying After a Financial Crisis (3 Hours General) is designed to train REALTORS® in directing those who have gone through a failure to meet the obligation of a note, including foreclosure, short sale, loan modification, or bankruptcy, on how to rebuild in order to qualify for a future home purchase. This course is part of the National Association of REALTORS® Foreclosure Prevention and Response (FPR) Program presented in Arizona:

  • Guidelines for residential mortgage in regards to past severe delinquencies
  • Strategies for rebuilding credit after a major financial crisis
  • Step-by-step analysis of the course of action after the crisis
  • Case studies on real people who have made the comeback to overcome past financial turmoil

 

11. Agency Tales from the Courtroom (3 Hours Agency) discusses various cases of agency in order to expand the scope of knowledge of the attendee by analyzing various issues in the agency/principal relationship:

·         Definition and elements of the agency relationship

·         Agency all around us in the business world

·         Duties of agent to principal

·         Duties of principal to agent

 

12.  Analysis of Contract Finance Requirements (3 Hours Contract) This course is designed to train REALTORS® about navigating and understanding the contract obligations of the finance section of the Arizona contract, Loan Status Update, and Pre-Qualification Form to keep their clients compliant.

  • Overview of the Arizona Pre-Qualification Form
  • Overview of the finance section of the Arizona contract
  • Overview of the Arizona Loan Status Update
  • The mortgage process as it pertains to the contractual obligation in Arizona