The recession that the United States is experiencing continues to put pressure on the housing industry and therefore it continues to be in the middle of the media spotlight. Recently, Alex Charfen, the head of the Certified Distressed Property Expert program, was included in an interview on CNBC. You can view the video by going to this link.
Alex’s message on the program is that the public, including media and government officials, should become better acquainted with agents who are getting this kind of specialized training. They’d learn a few things about the process that many of us have been involved in now for many years. Reba Haas, head of Team Reba, has been doing short sales for nearly 7 years and has watched the processes change dramatically during that time.
At Team Reba we have several team members who have had the CDPE training to become certified to work with short sales and distressed properties. There is constant change in this field of real estate and it’s important to be working with professionals who know what they’re doing and who are paying attention to the regular flux of bank requirements, process changes, and more so that if you have to be in a short sale situation, you have the most opportunity for success.
Being well versed in the process doesn’t make miracles, but it can help with assessing situations and negotiating with the bank as well as working with the other professionals (such as attorneys and accountants) that should be involved in any transaction of this type.
To help the public understand more of this process, look for Team Reba to begin offering classes on purchasing short sales and bank owned (REO) properties starting in January 2011.
