What is a CDPE Certified Real Estate Agent and Why Does it Matter?

We get A LOT of questions about what a CDPE Certified Real Estate Agent is and why it should matter to you in your situation.

You’re a homeowner and are behind on your mortgage. It happens to the best of us, but what can you do? You may be upside down on your mortgage and considering walking away from your home, or stressing out trying to figure out how to keep it. But there are ways to avoid foreclosure, a short sale being one of them. Short sales are best handled by a Realtor who is Certified Distressed Property Expert (“CPDE”) certified. They are trained to handle short sales and other foreclosure avoidance options and will work with you to get you through a stressful situation.

But why even worry about a short sale? It’s been said they are hard to get and can’t be accomplished before a foreclosure happens. Or worse yet, banks aren’t even approving them, so why bother? Besides, it would be an embarrassment having all my friends and family know that I owe more on my house than it’s worth!

The truth is banks and mortgagors don’t want to foreclose. It’s an expensive process and they are left holding a property they then need to sell to recoup their losses. Foreclosure is a process that takes time. If you qualify for a short sale, a bank would rather take a smaller loss on your payoff than pay the foreclosure costs and sale costs of the property.

As for embarrassment, it’s obvious that if your home is in this position, theirs might be too. In this economy many markets are suffering from devaluation of real estate. If your neighbors aren’t they might just have been lucky enough to have purchased before values soared. Either way you aren’t alone in this situation. Millions of Americans are in the same boat.

If you are looking for a great CDPE Certified Real Estate Agent in the Palm Harbor or Dunedin areas of FL, (zip codes 34683, 34697, 34698) give us a call today! 727.366.0325

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