Postcards from the Lake

Lake of the Ozarks Realtor Helps Homeowners Avoid Foreclosure

Short Sale Expert Offers Alternatives

Melody Anderson of  Lakewide Realty in Camdenton  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 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.

At the Lake of the Ozarks, many homes are in danger of foreclosing.  It is happening in all price ranges.  Even high-priced homes are not immune.

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Anderson 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.

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Author: | September 20th, 2009

This entry was posted on Sunday, September 20th, 2009 at 12:29 pm and is filed under Mortgage News, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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