De Anza College class brought to you by Pat Kapowich “Buying & Selling Distressed Properties” Saturday, 2/27 @ 9AM-12PM ~ Featuring Real Estate Attorney Julia Wei!

Managing Risk, Expectations & Results with Lender Controlled Properties

Buyer and Seller Beware: Only prepared buyers and sellers should enter into transactions involving distressed properties. Short sales, pre-foreclosures and foreclosures are fraught with potential missteps and ramifications that are normally not found in an already stressful situation ~ the buying or selling of a home. Banks have become more aggressive toward buyers, sellers and their representative. Learning all sides of a transaction is paramount when negotiating, especially when the banks have loss mitigation departments that are overwhelmed and/or ill prepared.


Be a Savvy Consumer and Learn the Particulars:
• Loan Modifications vs Short Sales
• Short-Sales vs Foreclosures
• Pre-Foreclosure & Foreclosures
• Debt Relief Tax Consequences
• Banks Demanding Loss Repayment
• Agent Contracts vs Bank Contracts
• Dealing with Multiple Lenders

Instructors: Real Estate Attorney Julia Wei is a specialist in lending, escrow, title and bank controlled properties. Pat Kapowich is the Broker/Owner of Kapowich Real Estate in Cupertino. Pat is also a contributor to the Saturday Q & A column Market Wise in the San Jose Mercury News.


Where: De Anza College
When: Saturday, February 27th, 2010
Time: 9AM to 12PM
Room: G-3
Fee: $39.00


  1. Pat,
    Great class on Saturday. The practical differences between short-sales and REOs are much clearer to me now. It is unfortunate that so much of the housing inventory is in this state and that the level of transaction complexity and risk has risen. Hopefully it will be cleared out soon and we can return to a more normal functioning market.