The Luxury Home Opportunity

By
Services for Real Estate Pros with Charfen Institute


Since the beginning of the housing market crisis, the most common image in Americans' heads of a foreclosed property exhibited a house that was owned by a middle-class family struggling to make ends meet. However, there is a rapidly growing segment of homes that are struggling as well... luxury homes.

In the latest CDPE Member Broadcast, Alex Charfen discussed the growing number of homes worth over $1 million that are going into the foreclosure process. According to RealtyTrac, In 2007 there were 5,632 homes in foreclosure—just 0.5% of all foreclosure activity. That number jumped 17% higher to just over 33,000 in 2011, or 2.5% of all foreclosure activity in the country.

Homeowners with these luxury properties need just as much help as the rest of America's distressed homeowners. If you would like to learn more about how you can help the millions of distressed homeowners across America, download our FREE report, The Five Steps to Listing a Successful Short Sale now!

Comments (3)

Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Alex, 

Thanks for the insight. This is so informative.

Sep 07, 2013 01:50 AM
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Alex Charfen 

Really good post and very good information. Have a wonderful week. 

Jun 08, 2015 02:15 PM
Peter Mohylsky. Broker Associate
Miramar Beach - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

Homeowners with these luxury properties need just as much help as the rest of America's distressed homeowners.

Mar 17, 2019 08:34 AM