Cathy Baumbusch Earns Prestigious Designation to Help Homeowners in Danger of Foreclosure

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Real Estate Agent with RE/MAX Executives VA0225060364, MD638478

FOR RELEASE: IMMEDIATE                               For more information, please contact:

DATE: April 2, 2009                                                Cathy Baumbusch, 703-969-1691

 

CATHY BAUMBUSCH EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

 

Cathy Baumbusch, of RE/MAX Allegiance, 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 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 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 Virginia, the foreclosure rate has steadily increased. As of Sept. 30, a record 21,000 homes in the state were in foreclosure, about 11,000 involving subprime loans1.  It is happening in all price ranges. Local experts say that even high-priced homes are not immune.

 "This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," said Baumbusch. "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 Cathy Baumbusch 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.

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Cathy Valdiviez Baumbusch, REALTOR. Licensed in VA, MD, and DC. 

Red Dress Realty at RE/MAX Executives

DIRECT: 202-630-2MOV 

8442 Old Keene Mill Rd., Springfield, VA, 22152

2704 Richmond Highway, Alexandria, VA 22301

Cathy has lived in the DC Metro area since 1996. She currently lives in West Springfield, VA. Licensed since 2001 and serves clients in Virginia, Maryland and the District of Columbia.

Cathy's service area includes Fairfax County, Alexandria, Arlington, Falls Church in Virginia and Prince George's, and Montgomery County in Maryland., and of course. 

Cathy has an excellent track record getting short sales approved and closed. Cathy can also facilitate buying and selling real estate anywhere in the world. 

Cathy is a VHDA Certified Trainer and she has taught classes on buying short sales, HUD homes, and foreclosures and social media marketing classes through Fairfax County Public Schools Adult and Continuing Education Program. 

Cathy is a retired Army Reserve Major and an accomplished singer with a rock band. She resides in Springfield, VA with her dog and cat.

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