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What is a Short Sale?

A short sale situation occurs when a homeowner owes an amount on the property that when added to selling costs is higher than the current market value.  Lenders are increasingly likely to accept a short sale as it is a less costly situation for them versus a foreclosure even though the lender is also paying the Realtor's commission.  A short sale also has less impact on the homeowner's credit rating when compared to a foreclosure.

Some Reasons to Avoid Foreclosure:

    1. A homeowner will always be asked on future mortgage and most job applications if they have ever had a foreclosure.
    2. Credit scores are usually lowered by 300+ points and a foreclosure is the single most devastating credit issue a mortgage or loan applicant may face in the future.
    3. A foreclosure is an item in a credit report that can´t be "repaired".
    4. A lender may seek a deficiency judgment for monies not recuperated at a foreclosure sale.
    5. Many employers run credit checks even on current employees.  A job may be lost or not obtained because of a foreclosure.


What is a CDPE?

A Certified Distressed Property Expert® (CDPE) is a real estate professional with specific understanding of the complex issues confronting the real estate industry.  Through comprehensive training and epxerience, CDPEs are able to provide solutions for homeowners facing hardships in today's market.

The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind.  The developers of the CDPE Designation believe that in almost all cases, the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional.  They have the tools needed to help homeowners find the best solution for their situation.

While enduring financial difficulties is challenging for any family, the process of finding a qualified real estate professional should not be.  Selecting an agent with the CDPE Designation ensures you are dealing with a professional trained to address your specific needs.  For more information, fill in the contact form below to speak with a CDPE.

CDPEs don't merely assist in selling properties, they serve and help save their clients in need.


We're Here to Help

Call an expert.  Here at Century 21 AAA Realty, Ltd. we have our own Short Sale Department with many agents who are CDPE's (Certified Distressed Property Experts).  A CDPE has the experience and expertise to professionally handle all of the aspects of a short sale, from lender requirements for an acceptable short sale such as the proper preparation of the "Short Sale" package, to the proper marketing and exposure to get the home sold.

We have been in the Southern Maryland area for over 35 years.  We have the know-how, experience and knowledge to assist homeowners in every type of short sale situation.  Call today or fill out the easy form to ease your mind and put your situation into professional and caring hands.

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