What is a Certified Distressed Property Expert?

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?  When making an offer on a short sale property, the transaction typically takes longer than a regular real estate transaction.  Therefore, it is imperative that the Realtor make sure that all of the paperwork has been submitted so that the purchase will be approved in the most expedient manner possible.  Also, a Realtor with the CDPE designation is trained in negotiating with lenders to help close the deal and 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.