Austin, TX (PRWEB) June 12, 2012
The Charfen Institute announced today that they have reached the milestone of 40,000 real estate professionals trained and equipped with foreclosure avoidance tools and strategies through their Certified Distressed Property Expert (CDPE) course. CDPE is the fastest-growing independent designation in real estate industry history.
“40,000 CDPE Members is a monumental achievement. On average, our CDPE trained real estate agents go on to help more than 7.5 families avoid foreclosure in the 12 months following the completion of their CDPE Designation,” said Alex Charfen, CEO of the Charfen Institute and author of the CDPE course. “It does not stop there, we estimate that CDPE agents have helped millions of homeowners since 2008.”
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 option is less harmful to a homeowner’s credit score, does not challenge employment or security clearance, and allows the seller to be eligible for Fannie Mae or Freddie Mac backed loans sooner than a foreclosure.
“This designation signifies extensive training in the short sale process. As the real estate industry changes, we keep our CDPE members up-to-date on the latest information, education and training so that they can continue to help homeowners avoid foreclosure.”
The growth of the CDPE Designation has been assisted by endorsement or support of major real estate market influencers RE/MAX, LLC, Century 21 Real Estate LLC, Keller Williams Realty Inc, Realogy Franchise Group, RealtyTrac, Wells Fargo, Bank of America, Chase, Fannie Mae, and the Federal Housing Finance Agency (FHFA).
About Charfen Institute
The Charfen Institute educates and trains real estate professionals and small business owners to find opportunities in chaos – either by providing 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, LEAD Experience™, and its annual Breakthrough Conference. The CDPE Designation is the fastest growing independent designation in real estate industry history, with more than 40,000 agents trained since 2008. In 2011, the Charfen Institute ranked No. 21 on the Inc. 500 List of America’s Fastest-Growing Private Companies.