For Pre-Foreclosure or Short
Sale information, please click: Short Sale
Short Sale or
Pre-Foreclosure?
 Today's
real estate market is very different than of recent years. The two
prevalent for sale homes is the bank-owned REO and the Short Sale.
Short sales allow the
distressed homeowner to repay the mortgage at the price that the home
sells for, even if 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.
Today, more than 13
percent of homeowners are delinquent on their mortgage or in the
foreclosure process. This is occurring across all price ranges, and the
fastest-growing category of homes in foreclosure is the luxury home
market.
"Realtors that hold
the CDPE designation has been invaluable to work with homeowners and
lenders on complicated short sales,” said Daniel Akulow,
Realtor-Broker of Access Real Estate. “It is so rewarding to be able
to help families save their homes from foreclosure.”
Alex Charfen,
co-founder and CEO of the Distressed Property Institute in Austin,
Texas, said that agents who have attained the CDPE Designation have
valuable perspective on the market, and training in short sales that can
offer homeowners real alternatives to foreclosure, which can be
devastating to credit ratings.
“These experts
better understand market conditions than the average agent, and can help
sellers through the complications of foreclosure avoidance,” he
said.
Contact an Access Real Estate Certified
Distressed Property Expert
for
a Short Sale or Pre-Foreclosure Consultation!
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