Realtor with Distressed Property Expertise Certification

Hire a realtor with Certified Distressed Property Expert designation if you are looking for a pre-foreclosure property to buy or if you want to pursue a short sale to avoid foreclosure.

The CDPE designation is now attracting attention in the housing market because of the kind of training CDPE applicants are receiving and the focus CDPE realtors are providing to the distressed sector.

If you hire a realtor with a CDPE designation, you are hiring a real estate professional who has completed all-encompassing training in foreclosure prevention and in short sales.

CDPE realtors are trained to help troubled homeowners regain their confidence as they work out a short sale with their lenders and thereby avoid foreclosure or bankruptcy.

Homeowners who can work out a short sale and who can get their lenders to agree to accept the short sale proceeds as full payment of their delinquent home loans will be able to recover more quickly from their financial difficulties.

Although short sales also affect credit records, their adverse effects on subsequent loans are easier to manage than the effects of foreclosures.

The CDPE realtor designation is being offered by the Distressed Property Institute, which was launched in January 2008 to provide online and on-site training to real estate agents and brokers committed to helping troubled homeowners and negotiating short sales with lenders.

Alex Charfen, who founded the Florida-based institute, said that CDPE agents obtain valuable training that would enable them to help homeowners survive various emotions that arise during short sales. CDPE training would also equip agents with the expertise to understand market trends and to work out short sales favorable to all parties of the short sale
transaction.

Because the CDPE designation has been helping many real estate professionals, lenders and distressed homeowners nationwide, the National Association of Realtors recognized the need for the designation and now has launched its own NAR designation Short Sales and Foreclosures.

According to Charles McMillan, president of NAR, the SFR designation would mean that the SFR realtor has received training in handling short sales and in foreclosure prevention.

McMillan added that lenders are willing to work out short sales with distressed homeowners because they will be able to cut losses associated with foreclosures.

So, if you are a distressed homeowner not qualified under government foreclosure prevention programs available, contact a realtor with CDPE or SFR designation and work out a short sale.