Las Vegas, NV (PRWEB) May 19, 2010
MICHELLE HENRY, SFR of SellState NRES of Las Vegas has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though 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.
In the Las Vegas area, one out of seven homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
“The knowledge gained through the CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said REALTOR Henry. “It is so rewarding to be able to help sellers save their homes from foreclosure.”
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as MICHELLE HENRY with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys their credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales. “Our goal is to educate as many people as possible so we can help as many homeowners as possible,” said Charfen.
“This designation signifies an educational commitment to understand the needs of homeowners in a distressed and uncertain market. I provide knowledge and understanding to serve my clients needs and help them through this critical time, so they can recover quickly and enjoy the benefits of homeownership once again”, said Ms Henry.
Contact: Michelle Henry, CDPE, SFR
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