GREG FLANAGAN Broker/REALTOR EARNS CDPE

FOR IMMEDIATE RELEASE

October 28, 2009

GREG FLANAGAN EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE 

Greg Flanagan of RE/MAX Advanced Realty in Mt Pleasant, SC has 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  seeing an increase in short sales and foreclosures.

 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 plummeting 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 much less costly than foreclosures.

In the Charleston Tri-County area, more than 1,000 homes are in danger of foreclosing. It is happening in all price ranges and across socio-economic boundaries.

"This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," said Flanagan, a certified REO specilaist. "It is so rewarding to be able to help sellers save their homes from foreclosure." 

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Greg Flanagan 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 better understand market conditions and can help sellers through the emotional experience, he said.

The CDPE is the premier designation for REALTOR's helping homeowners in distress and handling short sales.

"My goal is to educate as many people as possible so we can help as many homeowners as possible," Flanagan said. "My first goal is to keep folks in their home if at all possible."

Greg Flanagan is a certified SC Broker/REALTOR specializing in residential sales in the Charleston Tri -County region. He is affiliated with RE/MAX Advanced Realty. You may contact him at 843-818-8867  glflanagan@gmail.com   www.FlanaganHomeTeam.com