February 2001 | |||
|
Georgia CBs Lori Livesay (top) and Sharron Kelly |
CBs Develop "Train the Trainer" Course for Homebuyer Education Lori Livesay and Sharron Kelly, two Community Builders in the Atlanta office have developed a homebuyer education course and manual to train HUD staff as well as staff from non-profits in the homebuyer education arena. The course, entitled "Homebuyer Education Certification Process," is now being used by CBs in the Atlanta office as a pilot. As a result of the recent debate in the mortgage industry on the performance of "Affordable Housing" loans, the homebuyer education strategy of the Georgia State Office is being embraced by the industry as a leader for lowering loan risk factors and addressing the tremendous need to cure default delinquencies. The approach of the Georgia State Office is to provide low and moderate income families through a comprehensive package of pre-purchase, and post purchase education information. Sharron said the homebuyer manual developed by the Georgia State Office enhances the already existing HELP books, and offers approved nonprofit agencies the tools needed to present a quality homebuyer workshop to low and moderate income buyers. The manual consists of 11 chapters: Credit, Credit Scores, The Mortgage Process, Choosing the Right Real Estate Agent, Get an Inspection, The Appraisal Process, Homeowners Insurance, The Secrets of the Closing Process, How Do I Avoid Foreclosure, needed Forms and Glossary of Terms. Each chapter includes an outline, handouts, overhead slides, as well as a CD with a power point presentations on each chapter. Lori and Sharron presented the first "Train the Trainer" class in November at the Georgia State HUD Office. Attending that class were 77 individuals representing lenders, realtors, non-profit organizations, and other groups attended. The next "Train the Trainer" workshop for the state of Georgia is scheduled for late February. | ||
