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!
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