Distressed Property Certified!

I passed the CDPE exam so now I am Distressed Property Certified. What's that mean? It's specialized training and certification to help people that are in danger with their mortgages. From helping to re-negotiate terms to negotiating with a lender to sell a house for less than what's owed.

I'm partnering with a legal team and an accounting team so that when you call for help, we can offer the expertise to help. More on that later.

As more and more people lose jobs, have mortgages that are adjusting to crazy monthly payments or have events in their lives that affect their ability to make the mortgage payments, I want to help.

We are all neighbors on this planet.

Short Sales

I see more and more people that owe more than their house is worth and want to consider a short sale. Short sale is negotation with the mortgage holders so that you can sell your house for less than you owe.

The most important consideration (for the bank) is that you must have a verifiable hardship. Something that is having a negitive effect on your ability to pay your mortgage. Loss of a job and a death in the family are both frequent hardships. The mortgage holder will want verification of the events impact on your finances.

There are other equally important considerations in the short sale negotiation. Call me @ 410.596.2273 and we can discuss your options.

At the end of the day, if you have a verifiable hardship (among other things) and are having trouble with your mortgage payment a short sale might be an option. There are others too!

Radon in Maryland

Wow, this stuff is all over in our part of Maryland (Carroll County). I saw my highest reading last week of 274 and it took 2 fans and a lot of work from the radon guy to get it corrected. Take a look at www.epa.gov for more information on Radon.

If you are thinking of buying or selling, make sure your Realtor (if it's me it'll be done) gets your homes tested for Radon.

back from Las Vegas convention

I am back from the Re/Max convention in Las Vegas. Got a lot of good information but the best was getting started on CDPE certification. It's Certified Distressed Property Expert and is for Realtors specializing in helping homeowners avoid foreclosure. Should have the test passed this week and certification in hand.

It was interesting to learn that 4 in 10 of us are behind on our mortgages. Even more interesting that in 70% of foreclosures, the homeowner never reached out for help. Turns out that there are a lot of options from working with the mortgage company to selling the property. Even if a homeowner is upside down on their mortgage, there are ways a QUALIFIED realtor can help.

I have personally been involved in short sales (a homeowner selling their home for less than what is owed) and I am here to testify that a lot of agents don't know how to navigate this process successfully. Trust your future to someone that knows what they are doing!

More on this topic in future posts. Take care!

Carroll County Maryland Real Estate

Well, here we are in the new year and there is indeed a lot of activity with Carroll County MD homes for sale! Buyers are able to drive harder bargains than ever before and sellers are more receptive to them than ever before. It's a "make an offer" environment!