Several years ago the term “short sale” was a term that was not as commonly known or understood as it today. Millions of homeowners are “under water” meaning that they owe more on their mortgage than their home is worth. There are several programs available to these homeowners and banks have been short selling properties because for the most part it is less expensive to short sale a property and take a loss than it is to foreclose.
Navigating the different banks and the different programs available is not easy. Negotiating with the banks and persevering is also not an easy process.
I have done several short sales and successfully. I am a Certified Distressed Property Expert and you can read more about that on their website, CDPE.com. From their website:
“A Certified Distressed Property Expert® (CDPE) has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing market hardships.
Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a homeowner in distress. Through comprehensive training and experience, CDPEs have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale.
Living through financial difficulties poses a challenge for any family, so why make the process of finding a qualified real estate professional difficult too? Select an agent with the CDPE Designation to ensure you have a trained professional to address your specific needs. For more information, contact a CDPE in your area.
CDPEs don’t merely assist in selling properties, they serve and help save their clients in need.”
If you are “underwater” on your mortgage the best thing you can do is call me, call your bank or speak to an attorney and the worst thing you can do is nothing. The problem won’t go away.
Please check out the other links on this site and for further information please contact me.
Miriam Bernstein, CDPE
Associate Broker and REALTOR ®