CDPEs are leading the way out of the foreclosure crisis, according to Jody Durket, Intero Real Estate Services agent and CDPE.
Speaking about the annual survey conducted by the Charfen Institute, the company that provides the CDPE course and designation, Durket said , “CDPEs have positioned themselves as the go to experts for families in danger of losing their home to foreclosure. The study revealed that CDPE agents do 14.7 transactions on average per year that involve distressed properties. This is more than eight times the number averaged by real estate agents as a whole according to a recent survey conducted by the National Association of Realtors.”
The results also revealed that CDPEs close more than twice as many overall transactions as the average agent.
CDPEs are professionals with specialized training in helping homeowners avoid foreclosure via short sales. In a short sale transaction, the lien holder accepts less than what is owed on the mortgage. This option is usually less harmful to a homeowner’s credit score, typically does not challenge employment or security clearance, and allows the seller to be eligible for government-backed loans sooner than a foreclosure. Many lenders have programs that pay the underwater homeowner $3,000 to $45,000 to complete a short sale.
“There are more than 43,000 CDPEs nationwide, helping troubled homeowners in their local markets and helping the housing market as a whole get back on track,” Durket said. “I became a CDPE because I wanted to be a part of the solution and help the people in my community. Successful short sales require a certain level of expertise, knowledge, patience and cooperation.
“Even though the market has slowly begun recovery, there are still many underwater homeowners who don’t know what to do,” she continued. “It’s important for them to know they have options outside of foreclosure and that there are specially trained agents who want to help. I have a team including real estate attorneys, CPA and credit specialists that assist me and my clients throughout the process. ”
The CDPE designation is the fastest-growing independent designation in real estate industry history. Durket has been a CDPE since January 2009.
Jody Durket, Intero Real Estate Services, 4364 Town Center Blvd., Suite 120, El Dorado Hills