Miami, FL (PRWEB) October 25, 2010
Short sales allow the cash-strapped property seller to repay the mortgage at the current market, 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 Miami-Dade area, more than 64,000 foreclosures were filed in 2009 and these homes are in danger of being taken away from their owners. Currently 1 out of 4 homes in South Florida is at risk of being foreclosed at this time. It is happening in all price ranges. Izzy Buholzer says that even high-priced luxury homes in Miami are not immune.
“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Buholzer. “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 Izzy Buholzer with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
“Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.
For more information about how to avoid foreclosure in South East Florida or to successfully purchase a short sale property contact Izzy Buholzer with the Miami Real Estate Team today.
Home & Business Realty, Inc.
3150 Florida Avenue