Foreclosure or Short Sale? What do you do? WE CAN HELP YOU!
LOCAL REAL ESTATE AGENTS EARN PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE
Local real estate professionals Ellen & Mike Butters of RE/MAX Crossroads have each earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer homeowners at a time when the area is experiencing an increase in the number of “distressed” homes in the foreclosure process.
More and more lenders are willing to consider “short sales” because they are much less costly than foreclosures. A short sale occurs when the proceeds from the sale fall short of what the owner still owes on the mortgage. With plummeting property values, this can save many people from foreclosure.
In the Piedmont area, hundreds of homes are in danger of foreclosing. It is happening in all price ranges. Analysts have stated that even high-priced homes are not immune.
“It is so rewarding to be able to help sellers save their homes from foreclosure.” said Ellen Butters, “We do understand that many homeowners find themselves in trouble through no fault of their own and we are ready to assist them.”
The short sale process can be overwhelming to a homeowner and having a trained expert can make a huge difference. The impact and long-lasting effects of foreclosure can be devastating to a family and Ellen & Mike have been trained to help anyone and everyone
Mike adds, “The homeowner really needs to be educated on the process and understand that just because they’re late on a payment doesn’t necessarily mean they’ll be foreclosed upon; banks will, and do work with homeowners and prefer not to foreclose. The first step for them is to find help…that’s where we can make a difference in their situation. Homeowners can call us any time with full confidentiality and without obligation.”
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Mike & Ellen with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.
“Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.
For more information about CDPE designation or to find a certified distressed Realtor in your area, please call 1-800-482-0335. Mike & Ellen can be reached locally at 540-812-9040 or visited at: www.4ClosureAdvice.com