Category Archives: Short Sale
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 email@example.com to find out whether a short sale is the right option for you to help save your credit and avoid foreclosure.