Austin, TX (PRWEB) September 16, 2010
The Distressed House Institute, LLC right now announced it has reached the milestone of 25,000 true estate specialists trained in foreclosure avoidance tools and methods by way of the Certified Distressed Property Expert (CDPE) Designation course. Getting reached this level in less than 3 years, CDPE is the fastest-developing independent designation in real estate industry history.

We are extremely proud of the inspiring function our members are performing across the nation to aid property owners keep away from foreclosure, Alex Charfen, co-founder and CEO of the Distressed Property Institute, mentioned. This movement of educated agents is developing swiftly. With nationwide unemployment at 9.six percent, underemployment more than 18 percent, and mortgage delinquencies amongst prime loans above ten %, there has by no means been a higher require for agent education in quick sales and foreclosure avoidance.

In a quick sale transaction, the lien holder accepts the promoting price of the property, even if that amount is less than (quick of) the borrowers mortgage balance. This foreclosure avoidance option is less damaging to a home owners credit score, will not challenge employment or security clearance, and allows the seller to be eligible for Fannie Mae- or Freddie Mac-backed loans in a shorter period of time.

As the actual estate market and neighborhood markets change, the CDPE training consistently evolves to give real estate specialists with the most efficient education to assist homeowners in want, Charfen added. We will continue to assist agents turn into essential advocates for their consumers and communities. The CDPE membership movement is a single that gets stronger with every new designated agent.

The development of the CDPE Designation has been assisted by the endorsement and support of best brokerages, such as RE/MAX, LLC Keller Williams