Certified Distressed Property Experts

LOCAL REALTORS EARN PRESTIGIOUS DESIGNATION TO HELP
HOMEOWNERS IN DANGER OF FORECLOSURE

Leslie Wilson and Shannon Lauterstein of Coldwell Banker Residential Brokerage in Leesburg 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 at a time when the area is ravaged by "distressed" homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With declining property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are less costly than foreclosures.

"This training has been invaluable as we work with sellers and lenders on complicated short sales," say Leslie and Shannon. "It is very rewarding to be able to help sellers save their homes from foreclosure."

In Loudoun County, hundreds of homes are in danger of foreclosing. It is happening in all price ranges even high-priced homes. A short sale is a much better alternative to foreclosure, which virtually destroys the credit rating.

If you know of a family that is in danger of losing their home, contact Leslie Wilson 703-727-7861 or Shannon Lauterstein 703-869-6488.