What is a CDPE? (Certified Distressed Property Expert)

A distressed property can be defined as a property with difficulty making payments to the lender. In a tough market this can happen for a variety of reasons such as declining property values, physical property damage, rising monthly payments, job loss, medical issues and divorce. Distressed properties are heading towards foreclosure. This situation is heartache for so many homeowners in today's economy.

This is the time to call a Certified Distressed Property Expert (CDPE). Homeowners need the advice of a real estate professional who will be an advocate for your family. Realtors with the CDPE designation are prepared to help.

Certified Distressed Property Experts (CDPE) have extensive training in the methods to help homeowners who face foreclosure. These realtors have the knowledge to under the options and methods to help homeowners in a hardship crisis. Possible solutions can be found to aid these homeowners with specific needs.

CDPE's have the ability to help homeowners in different situations short sale their homes and avoid foreclosure. A CDPE can help a homeowner also by negotiating mortgage terms or refinancing a property.

Many distressed properties are beyond mortgage negotiation and need to be short-sold. A short sale is the sale of a property for less than the mortgage balance. This transaction has to be approved by the lender and methods vary greatly from lender to lender. A short sale is a very tedious task and a complex transaction. A short sale requires diligence in follow-up, analysis and lots of paperwork. A short sale is a hard task and can take anywhere from three to twelve months to complete. This work combined with normal marketing and sales need an expert realtor with the expertise for successful navigation.

From a buyer's perspective, these listings are a great deal but there is a long waiting period. By using a CDPE, there is a less likelihood of the deal falling through.

It is easy to see why using a Certified Distressed Property Expert for buyers and sellers is imperative for a successful real estate transaction.

How does a realtor get a CDPE designation? By taking the training course, a realtor can get the following.

2 days of classes

170 page field manual

Short sale forms CD

Checklist for Situations that are distressed

Foreclosure solutions flow charts

Sample short sale package

Monthly updates

CDPE logo

This training combined with experience can make a CDPE real estate agent invaluable with the resources to get the job done. It is the goal of CDPE's to save a home and help a family one at a time.