Lto training course modified

The Community Empower Lease-To-Own Certification Brought to you by Community Empower

About The Courseware ,[object Object],[object Object],[object Object],[object Object],[object Object]

Community Empower LTO Preparing for Change ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What is Community Empower LTO? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

About Your Certification ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

LTO - One of the Most Productive Ways to Buy or Sell a Home ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

LTO Lifecycle Buyer Qualification Local Agent Finds Home Temporary Lease Agreement Purchase Agreement Credit Counseling Property Management Permanent Financing Signage Broker Support Property Qualification Full Doc Qualification Transaction Support 6 – 18 Months Lease Period ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Program Structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Monthly Flow of Funds During Lease Period Lease Payments Lease Servicer Principal Interest Taxes Insurance Credit Counseling Property Oversight Servicing Fee $35/mo Purchase price x 30 year amortization at prevailing rate plus Actual Taxes, Insurance, $135 for Credit Counseling and Property Oversight Lease Payment Stripped & Distributed Collected Via ACH Reserve Pool Seller Carrier Program Administrator Due 1 st of Month Late After 5 th Late Fees go to the Servicer Funded by Buyer’s Program Fee 1 1/2 % of Purchase Price of Home Pays if Renter Defaults Re-Insurer Backs Reserve Pool

Transaction Administration ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

When to Use the Program With Buyers ,[object Object],[object Object],[object Object],[object Object],[object Object]

Tenant Qualification ,[object Object],[object Object],[object Object],[object Object],[object Object]

Tenants Earn Rent Credits ,[object Object],[object Object],[object Object]

Rent Calculation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How to Calculate Fair Market Rent ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Tenant Credit Counseling ,[object Object],[object Object],[object Object],[object Object],[object Object]

Buyer Protection Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Property Appreciation / Devaluation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Maintaining The Property ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Program Fees for the Tenant ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Reserve Pool ,[object Object],[object Object]

Buyer Support From Realtors ,[object Object],[object Object],[object Object],[object Object],[object Object]

When to Use the Program with Sellers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Loss of Rents ,[object Object],[object Object],[object Object],[object Object]

Property Peril Protection ,[object Object],[object Object],[object Object],[object Object],[object Object]

Seller Protection Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Seller fees Q: Does the Seller Pay Any Program Fees to LTO? A: Yes. 2 ½% of the Listing Price is Due When the Tenant Becomes the Owner of the Property (At the end of the Lease). Traditional Real Estate Commissions/Fees Still Apply. Seller Also is Responsible for an Appraisal Fee and Title Search. Remember! Seller Receives a FULL PRICE OFFER Seller Receives Guaranteed Rent Cash flows are Insured Against Loss Seller Earns More Net Seller Proceeds Realtors Earn More Money

Commissions and Referral Fees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Program Marketing Support ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sign Riders Newsletters Tenant and Seller Pamphlets Payment Calculator & Spreadsheet Models

Getting Started ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Broker Agreement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Broker Agreement between Program and Broker

Checklist for Lease-to-Own (most states ) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Lease-to-Own Documents Add Lease Addendum Add Purchase Addendum Exhibit 1 Exhibit 1 Ties Agreements Together Lease Purchase Contract

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