subject: Is Your Agent a Certified Distressed Property Expert? [print this page] It's estimated that one in seven homeowners is currently facing foreclosure (or at least one payment past due). On top of that, unemployment and poor economic conditions have contributed to short sales tripling since 2008. These are scary statistics, for sure, and they're even more terrifying if your real estate agent isn't a Certified Distressed Property Expert (CDPE).
CDPE real estate agents are uniquely qualified to handle Arizona short sales and Arizona home foreclosures. Real estate agents that are CDPEs can help homeowners in Arizona's sticky situations get the best possible outcome. Unlike other real estate agents, CDPEs are extremely well informed and have gone through an extensive amount of training, which can help them:
Assist and engage homeowners facing Arizona foreclosures, providing them with guidance and details about every possible alternative to short sale or foreclosure
Negotiate with lenders, which can potentially lead to lower monthly payments, a delay in foreclosure proceedings or avoiding foreclosure altogether
Efficiently execute an Arizona short sale, making it as quick and painless as possible for homeowners
Minimize negative impacts of short sales or foreclosures on the homeowner's credit report
Real estate agents with CDPE designation are much more knowledgeable about all things foreclosure and short sale in Arizona than standard realtors, and can be worth their weight in gold. In fact, the national average closing rate of short sales is 25 percent for CDPE realtors, however, the closing rate is between 80 and 85 percent. It is worthwhile noting that at the Sandra Wilken Luxury Property brokerage, there are six experts with the CDPE designation: Sandra Wilken (Designated Broker), Lexie Carlson (broker), Anne Dougherty (broker), Yvonne Cahill (agent), Susan Herman (agent), and Gilles Paradis (agent). If you're serious about avoiding Arizona foreclosures, make sure that your realtor is a designated CDPE.
Why risk dealing with a foreclosure if you don't have to? Maximize your chances of obtaining a successful short sale by always choosing CDPE designated real estate agents.
Is Your Agent a Certified Distressed Property Expert?
