Chip Warner of RE/MAX Allegiance, Burke, Virginia 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 the area 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. 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.
Implementing the tools that this CDPE designation brought to me will be invaluable as I work with sellers and lenders on complicated short sales. Prior to employing the powerful CDPE techniques only about 20% of short sales nationwide were brought to a successful close. The CDPE methods have proven to reverse that trend. An 80% success rate is now possible. That’s huge!
While attending this course, the question was posed, “how many of you know someone who has lost their job or is in danger of losing their home”. I could not believe my eyes. At least 60-70% of the people in the auditorium know someone in this situation. It just goes to show the extent of this problem. It is far reaching!
Statistically, most homes are foreclosed upon without the homeowner ever trying to sell it or get help of any kind. They just have nowhere to turn. Most of those who do try, either try to sell it themselves at an unrealistic price to “stay whole” or end up working with an agent that has little or no training on the successful techniques required to bring about a positive result. 80% fail and the home ends up in foreclosure with the homeowners in complete financial disaster.
I got into the real estate business to help people. As one of a very small percentage of realtors who have attained this designation, I am better qualified to bring a high level of expertise to people who need it most. What could be more fulfilling?
Thanks for your trust and confidence.
All the best!
Chip
FairfaxHomeStore.com