CDPE

Because of economic conditions and the recent downfall of the housing market, millions of homeowners have found themselves in difficult financial situations. Many of which have lead or are leading to foreclosure actions and short sales.

As such, these financially troubled homeowners are seeking and requesting help from a Certified Distressed Property Expert® (CDPE) agent designation.

This type of real estate agent comes equipped with the training to understand the complexities of the issues that distressed homeowners will be facing. CDPE’s have extensive training and experience in the marketplace that enable them to provide real solutions for those homeowners who have found themselves in financial hardship in today’s marketplace.

Needless to say, the chance of undergoing a foreclosure can not only emotionally devastating, but is certainly financially devastating. During this type of stressful situation, many homeowners have and will move forward without much or any type of professional guidance in this area. Whereas the better course of action would be to speak with a well trained and currently informed licensed real estate professional who has completed the CDPE certification process.

CDPE have the knowledge and the tools available to assist and guide such homeowners through their current situation.

Even though working through these financially and emotionally trying times is difficult for any person or family, the process of finding a trustworthy real estate agent should not have to be.

The CDPE Designation

The CDPE designation lets clients, banks, lenders and peers that the real estate professional has completed comprehensive training and education in both the process and tools used to deal with distressed properties and, when called upon, close short sales.

In today’s marketplace the significance of the CDPE is unquestionable. However the tools and training these professionals receive will continue to be an asset in future real estate markets. Statistically, even in the better market conditions, up 3% of all home sales eventually result in distressed properties.

So, even as the tide of the market begins to show improvement, foreclosures with always be some percentage of the overall marketplace; and as such, there will always remain a need for agents with the CDPE designation who are best equipped to handle these types of properties.