Austin, TX (PRWEB) September 16, 2010
The Distressed Property Institute, LLC today announced it has reached the milestone of 25,000 real estate professionals trained in foreclosure avoidance tools and strategies through the Certified Distressed Property Expert (CDPE) Designation course. Having reached this level in less than three years, CDPE is the fastest-growing independent designation in real estate industry history.
“We are incredibly proud of the inspiring work our members are doing across the country to help homeowners avoid foreclosure,” Alex Charfen, co-founder and CEO of the Distressed Property Institute, said. “This movement of educated agents is growing rapidly. With nationwide unemployment at 9.6 percent, underemployment over 18 percent, and mortgage delinquencies among prime loans above 10 percent, there has never been a greater need for agent education in short sales and foreclosure avoidance.”
In a short sale transaction, the lien holder accepts the selling price of the home, even if that amount is less than (“short” of) the borrower’s mortgage balance. This foreclosure avoidance option is less harmful to a homeowner’s credit score, will not challenge employment or security clearance, and allows the seller to be eligible for Fannie Mae- or Freddie Mac-backed loans in a shorter period of time.
“As the real estate industry and local markets change, the CDPE training consistently evolves to provide real estate professionals with the most effective education to help homeowners in need,” Charfen added. “We will continue to help agents become vital advocates for their clients and communities. The CDPE membership movement is one that gets stronger with each new designated agent.”
The growth of the CDPE Designation has been assisted by the endorsement and support of top brokerages, including RE/MAX, LLC; Keller Williams® Realty, Inc.; and CENTURY 21 Real Estate, LLC, as well as industry icons such as Chairman and Co-founder of RE/MAX Dave Liniger, and Founder of Buffini & Company Brian Buffini.
About the Distressed Property Institute, LLC
The Distressed Property Institute trains real estate professionals to engage with and assist homeowners facing hardships. The Institute has developed a curriculum to provide the tools and knowledge to handle distressed properties, including short sales, deeds-in-lieu, mortgage modifications, forbearance, refinances, reinstatements and, if that fails, how to help homeowners through the foreclosure process. After completing a comprehensive on-site or online course, graduates are awarded the Certified Distressed Property Expert® Designation.
About the CDPE Designation
The CDPE Designation provides real estate industry professionals with detailed information on how to engage with and assist homeowners in distress. The CDPE designation has been endorsed by RE/MAX LLC, Keller Williams Realty and other major U.S. brokerages, as well as industry icons such as: Brian Buffini, founder of Buffini & Company; Howard Brinton, founder of STAR POWER® Systems; Allen Chiang, Chairman of the Asian Real Estate Association of America (AREAA); Tino Diaz, Chairman and President of the National Association of Hispanic Real Estate Professionals (NAHREP); Dave Liniger, chairman and co-founder of RE/MAX; and Joe Stumpf, founder and national spokesperson of By Referral Only®.
For more information about The Distressed Property Institute and the CDPE Designation, visit http://www.cdpe.com.