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Are you in Financial Distress? You are not alone - and there are options!

By Alex Charfen

Services for Real Estate Pros with Charfen Institute

June 07, 2008 03:05 PM

Short Sale Tip - Name and Number

Are you a homeowner in financial distress, you are not alone, on June 5th, MSNBC.com releases updated market statistics (Original Article):

.99% of all homes in the US are now in foreclosure
6.36% of all mortgages are delinquent

The number above indicates that over 6,000,000 homeowners are in foreclosure and over 20 million homeowners are late on their mortgage payments. Even though you may feel like you are the only one, you aren't, so what do you do about it?

My belief is (and always has been) that the most important person for a distressed homeowner to encounter is an educated agent. An educated agent can tell you what your property is worth, how likely it is that it will sell and what your real options are - no other professional can provide you with all of these answers.

When hiring an agent find out:

What kind of education they have?
How many distressed homeowners have they worked with?
Do they understand the foreclosure process in your area?
How many short sales they have been involved with?

If you are in financial distress your agent may be the only person standing between a solution and foreclosure. I hate to put this so bluntly but this is reality and your decision needs to be taken seriously.

Best case scenario is that you will find an agent who has taken the time and effort to earn the Certified Distressed Property Expert (CDPE) designation. At the minimum make certain the agent you hire can answer the questions above.

Alex Charfen

Alex & Cadey Charfen
Distressed Property
Institute, LLC
www.1cdpe.com

Get Certified Today!
The Market Needs You!

CDPE

Alex Charfen & Cadey Charfen
Distressed Property Institute, LLC
800-482-0335
Get Certified Today!

The Certified Distressed Property Expert
Designation could be the most important
decision you make for your real estate
business this year!

www.1cdpe.com

See what agents like you have to say about the CDPE Desigantion:

“Awesome!! The best class! I attended the CDPE in January 08 and I am back today to make sure I didn't miss anything the 1st time. Since I earned the CDPE I have closed 5 distressed transactions and have 7 more under contract!”

Gilda Ignacio, REALTOR & CDPE
Keller Williams

>> More Testimonials <<

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Mara Hawks

First Realty Auburn - Auburn, AL

Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL

I'd never heard of that certification. Great for helping people! thanks for sharing.

Jun 07, 2008 03:10 PM

Alex Charfen

Charfen Institute - Austin, TX

Mara - for more information on the CDPE you can take a look at our site www.1cdpe.com.

Thanks,

Jun 07, 2008 03:20 PM

Debra Kukulski, Broker Associate

RE/MAX Suburban - Cary, IL

SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

Alex, I just took the CDPE course and WOW....two days FULL of great information to help people avoid foreclosure and now I have so much more knowledge on how to get short sales done, thanks!

Mar 27, 2009 01:18 AM

Hi Again, Alex:-) I just posted some useful links on my blog to help consumers and troubled homeowners facing foreclosure:

Out of Money and Facing Foreclosure? Help to Prevent Foreclosure in Illinois

Apr 02, 2009 06:44 AM

Rama Mehra

Asante Realty - San Ramon, CA

TOP 1% REALTOR IN THE TRI-VALLEY

I heard that CDPE is not a recognised certification by the NAR, is that true?

Jun 24, 2009 11:30 AM

Are you in Financial Distress? You are not alone - and there are options!

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