A professional designation from the National Association of Realtors.
If you are new to the real estate foreclosure market I would suggest you find a real estate professional that has their “SFR” designation. The “Short Sale and Foreclosure Resource” designation is a professional designation awarded by the National Association of Realtors to those Realtors that have taken and passed a detailed and difficult test on this subject. A “SFR” Realtor knows the steps, the proper terms, the documention necessary and has the ability to negotate with the lending institution. Also, If you or someone you know is in financial hot water, a “SFR” Realtor may be able to help those that have missed one or more payments and possibly help an "in trouble" home owner avoid foreclosure altogether.