Saturday, January 09, 2010
by Good Living Realty Group
Eddie Gutierrez, Broker Associate of Century 21 Greengarden Realty 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 our country 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. As a CDPE, Eddie can confidently guide sellers through a short sale process to avoid foreclosure, which can be devastating to homeowners. In fact, on average, CDPEs are able to keep homeowners in their home more than twice as often as losing properties to foreclosure. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
In Fairfield County, more than over 3,500 homes are currently in pre-foreclosure. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
“This CDPE designation is a crucial part of getting homeowners through the ambigious process of dealing with mortgage servicers. This education along with our experience will help save lots of homeowners."
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that REALTORS® such as Eddie Gutierrez 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.
For more information about CDPE designation or to reach Eddie Gutierrez call 203-257-9954