Frank Grangetto of The Grangetto Group, Inc. has earned the prestigious Certified Distressed Property Expert (CDPE) 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 a 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.
In the North County area, hundreds of homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
This CDPE designation has been invaluable as we work with sellers and lenders on complicated short sales. It is rewarding to be able to help sellers save their homes from foreclosure.
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Frank 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, he said.
The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.
Who is the first person who comes to mind when you think of a distressed property situation?
Please ask them to get in touch with us at (760) 525-4228. They need our help.