Our growth and continued expansion is humbling
Austin, Texas (Vocus) August 13, 2009
The Distressed Property Institute, LLC today announced its nationwide member base has grown to more than 10,000 members, making its Certified Distressed Property Expert® designation the fastest growing designation in real estate industry history. CDPE training enables real estate professionals to better identify the solutions for, and meet the needs of troubled homeowners.
"Our growth and continued expansion is humbling," said Alex Charfen, co-founder and CEO of the Institute. "Real estate agents, brokers, lenders, servicers and banks are realizing the difference that CDPEs can make to the millions of homeowners facing foreclosure today. CDPEs across the country are making a real, quantifiable difference in the current mortgage crisis."
According to a recent member survey by the Institute, agents with the CDPE designation have been able to decrease short sale processing time by 50 percent. A short sale occurs when the lender accepts the selling price of the home, even if that is less than the borrower's mortgage balance.
"News of the thousands of homeowners being saved is spreading quickly, and agents with the CDPE designation are now actively sought out by those in need," Charfen said. "To these homeowners, the designation means options, support and solutions."
The survey also found that CDPEs have kept distressed homeowners in their homes more than twice as often as losing a home to foreclosure.
"CDPEs have positively affected their local communities by providing effective solutions for distressed homeowners, helping to stabilize home values, and minimize the losses absorbed by lenders," Charfen continued. "In addition, their combined efforts have made a visible impact on the real estate market as a whole.
"The CDPE network is growing by more than 1,000 members each month, and their impact is increasing exponentially. CDPEs play a critical role in solving the U.S. foreclosure crisis and accelerating our economic recovery."
Numerous real estate industry icons have endorsed the CDPE training, including RE/MAX Co-founder and Chairman Dave Liniger. Recently, two of the industry’s most prominent real estate associations endorsed by the National Association of Realtors— the Asian Real Estate Association of America (AREAA) and the National Association of Hispanic Real Estate Professionals (NAHREP)—have endorsed the CDPE designation for their members.
"The Institute and CDPEs nationwide will continue its efforts to find positive solutions for homeowners facing true financial hardships," Charfen said. "We won’t stop until we've solved the foreclosure crisis, one homeowner at a time."
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. With more than 9,000 professionals trained across the United States, the CDPE is one of the fastest growing designations in real estate industry history. The CDPE designation has been endorsed by RE/MAX International and other major U.S. brokerages and industry icons, including: Dave Liniger, chairman and co-founder of RE/MAX; Howard Brinton, founder of STAR POWER® Systems; Bob Corcoran, founder of Corcoran Coaching and Consulting; Brian Buffini, founder of Buffini and Company; and David Knox, founder of Knox Productions.
Liniger recently announced that more than 7,500 RE/MAX agents would receive the CDPE training in 2009.
For more information about The Distressed Property Institute and the CDPE Designation, visit http://www.cdpe.com.
# # #