CDPE Agents are a part of a nationwide movement dedicated to helping us move forward as a nation.
Austin, TX (PRWEB) October 25, 2011
Alex Charfen, CEO of the Charfen Institute and author of the Certified Distressed Property Expert (CDPE) curriculum, announced today a key milestone in the recovery of the nation’s real estate market: 35,000 real estate agents have now completed the CDPE training, joining the front lines of those solving the nation’s foreclosure crisis.
“With 6.3 million properties in this country facing foreclosure, and more than 25 percent of homeowners owing more on their property than it’s worth, the need for real estate experts armed with knowledge of how to help avoid foreclosure is more critical than ever before,” Charfen said. The CDPE Designation is the fastest growing—and now the single largest— independent real estate designation in the market today.
“They’re part of more than a designation,” said Charfen of the CDPE membership. “They’re part of a nationwide movement dedicated to helping us move forward as a nation. Over the past four years, CDPE-designated agents have had an unparalleled success rate and helped thousands of homeowners avoid foreclosure. We believe it’s because of the quality of our members and the quality of the education we provide them with— simply the best in the market today.”
“The distressed property arena is ever changing,” Charfen also noted, “and as such, the CDPE curriculum is constantly being revised to reflect new market realities.” The most recent update, released this month, includes enhanced strategies for receiving lender referrals, more in-depth statistics and trends affecting the distressed property market, a greater mix of audio-visual components, as well as expanded insights into the psychology and mindset of a homeowner facing foreclosure.
A short sale is a complex transaction in which a distressed homeowner seeks to sell a home for less than the amount due on the mortgage. Though little understood a few years ago, short sales have proven to be a less costly alternative to foreclosure for the lender, while carrying far fewer long-term consequences for the borrower. And the number of approved short sales have nearly tripled over the past three years—from less than 100,000 in 2008 to a projected figure of nearly 300,000 in 2011—signaling a new era of short sale cooperation between lenders and distressed homeowners.
“Major banks have become more efficient when it comes to short sales, and are even offering homeowners in some situations cash incentives to pursue short sales,” Charfen observed, adding, “In doing so, they’ve sought out real estate agents who have the training to efficiently navigate short sales, and as a result CDPE agents are now being contacted directly by lenders with short sale referrals.”
“As the real estate market continues to improve, the tens of thousands of agents who have joined the CDPE membership have made a significant and measureable impact on housing’s national recovery and in the lives of millions of homeowners nationwide,” he concluded.
About the Charfen Institute:
The Charfen Institute educates and trains real estate professionals and small business owners how to find opportunities in chaos – whether it be solutions to the foreclosure crisis or empowering entrepreneurs with strategies to embrace their companies’ full potential. The company produces more than 300 educational events each year through various divisions, including: the Certified Distressed Property Expert® (CDPE) Designation, the Certified Investor Agent Specialist™ (CIAS) Designation, and LEAD Experience™. The company’s CDPE Designation is the fastest growing independent designation in real estate industry history, with more than 35,000 agents trained.
Recent awards for Alex Charfen and the Charfen Institute include: The fastest growing private, small business in Central Texas in 2011, No. 21 on the 2011 Inc. 500 List of America’s Fastest-Growing Private Companies; Best Places to Work in Central Texas 2010 and 2011; Alex Charfen for Austin’s Fittest CEO and the Austin Under 40 Award for Real Estate; numerous Telly and Omni Awards, and the 2010 Aegis Award.