Leading edge real estate professionals, Stephen Orear and Christianne Gordon of RE/MAX Realty Affiliates of Gardnerville, Nevada have 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 â€œdistressedâ€ 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 the Northern Nevada area, hundreds upon hundreds of homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
â€œThis CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,â€ said Gordon. â€œIt is so rewarding to be able to help sellers save their homes from foreclosure.â€
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that RealtorsÂ® such as Stephen Orear and Christianne Gordon 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.â€œOur goal is to educate as many people as possible so we can help as many homeowners as possible,â€ Charfen said.
For more information about CDPE designation or get help in Northern Nevada, call Christianne at (775) 881-8223 or Steve at (775) 690-0685.