Steven L. Woods, Lyndon B. Johnson and Hannah Way of Re/Max Preferred Realty have earned the prestigious Certified Distressed Property Expert designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” Woods said. “It is so rewarding to be able to help sellers save their homes from foreclosure.”
Woods, Johnson and Way, with the CDPE designation, have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience.
“Our goal is to help as many homeowners as possible,” Johnson said.