another day, another short sale class filled with realtors

[jillayne]

50+ Realtors today. Mostly from the eastside but some from the Seattle area, too. Many have short sales coming on the market in the next few weeks.

Not all the homeowners are in default but many are.

Note: Short Sale is defined as when the homeowner owes more than what they can sell for, and the homeower is forced to sell.

I fully expect foreclosure statistics to rise throughout 2008 all across the Puget Sound region.

[biliruben]

Interesting, Jillayne. What were the class sizes 6 months ago?

[jillayne]

With some minor exceptions, the market for realtor education was dead throughout 2007, including last summer.

I've taught the short sale class for about 7 years now. The demand has gone up and down and never seems to go away.

At the December short sale class, the classroom was full of the most anxiety-ridden group of students that I have ever taught in my entire life.

The anxiety mostly comes from agents who have one as a listing and want to make sure that they are doing everything they can to help the seller sell the home.