Category Archives: foreclosure

Trudy Edwards Earns Certified Distressed Property Expert Designation

Trudy Edwards of KELLER WILLIAMS Realty Heritage in San Antonio has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by Edwards will help benefit San Antonio-area residents and communities.

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.

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents such as Edwards with 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. By earning the CDPE designation, “Trudy Edwards has demonstrated a commitment to struggling homeowners, a commitment that can provide much-needed stabilization to the community.”

“I earned the National Association of REALTORS® Short Sale and Foreclosure Resource (SFR) designation in 2010 but the Certified Distressed Property Expert (CDPE) designation will be invaluable as I work with homeowners and lenders on complicated short sales.” said Edwards. “It is so rewarding to be able to help families save their homes from foreclosure.”

If you are at risk of foreclosure, you can learn more about your options at www.AvoidForeclosureSA.info. Or contact Trudy Edwards at truesarealestate@gmail.com to find out whether a short sale is the right option for you to help save your credit and avoid foreclosure.

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Help for Homeowners –

If you are having difficulty making your mortgage payments or are at risk of falling behind in your mortgage payments you, there may be help for you to enable you manage your payments and stay in your home. To explore your options you should first visit the government website www.makinghomeaffordable.gov to find out if you can take advantage of the “Making Home Affordable” program. You may be eligible for special refinancing or loan modification if your mortgage company is participating in this program. You can find out if your loan is eligible for refinancing or modification by going to http://www.makinghomeaffordable.gov or by contacting Fannie Mae, at 1-800-7FANNIE (8am to 8pm EST) www.fanniemae.com/loanlookup or Freddie Mac 1-800-FREDDIE (8am to 8pm EST) www.freddiemac.com/mymortgage
You don’t have to be behind on your mortgage to seek help with this program. If you have a loan that is an adjustable rate mortgage, a balloon note or a high interest rate you may be able to refinance at a better interest rate. Or if you are experiencing a financial hardship due to a loss of income since you obtained your loan, you may be eligible for a home affordable loan modification. If you qualify for the loan modification option, participating lenders may even be able to reduce your first lien mortgage payments to no more than 31% of your gross income, by either reducing your interest rate, increasing the term of the loan or by a forbearance. Go to www.makinghomeaffordable.gov today to see if you may be eligible for loan modification or contact your lender and ask if they are participating in “the Home Affordable Modification Plan” or HMP.
Visit www.knowyouroptions.com to explore your options

If you are a homeowner and are already 90 days behind on your your mortgage payments you may be able to get help through the Emergency Homeowners’ Loan Program. This program is only available for a limited time so you must act quickly. To learn more go to Emergency Homeowners' Loan Program or cal 1-888-995-HOPE today to learn more and speak to a housing counselor to discuss your options.