Using a Certified Distressed Property Expert

Foreclosures and economic woes have dominated the headlines for months.  Team Leung is now offering homeowners an option to foreclosure.  Kelly Walters, a member of Team Leung, is one of the few Realtors in Greensboro who has earned her designation of Certified Distressed Property Expert (CDPE). 

What is a distressed property? One that is at-risk of being foreclosed.  Any number of factors can cause anyone to get behind on their payments, such as divorce, job loss or health issues.  When a homeowner can no longer make their mortgage payments, foreclosure is not the only option.  Short sales are one of those viable options.

Why do you need someone who is a certified expert in handling distressed property transactions?  The lender always has the option of rejecting the homeowners offer.  A Realtor with the CDPE designation is trained in negotiating with lenders to help close the deal.  A lender may approve a short sale if it believes it will result in less of a loss than if the home foreclosed.  In addition, a CDPE Realtor is familiar with the extensive paperwork involved in short sales.  This cumbersome task is best left to someone who has been trained to handle it properly. 

For more information or a confidential consultation, contact Kelly Walters directly at kellywalters@kw.com or 336-253-5079.