Alexsius Jackson, a member of Remax Power Pro in Davie, Broward County, has earned the Certified Distressed Property Expert (CDPE) designation after completing training in foreclosure avoidance, with a particular emphasis on short sales.
Short sales allow a distressed homeowner to repay the mortgage at the price that the home sells for, even if that price is lower than what is owed on the property.
With plummeting property values, a short sale can save many people from foreclosure and even bankruptcy and more and more lenders are willing to consider the option as an alternative to foreclosure, which is more costly.
Jackson said more than 13 percent of homeowners are delinquent on their mortgages or are in the foreclosure process.
“This is occurring across all price ranges and the fastest-growing category of homes in foreclosure is the luxury home market,” Jackson said. “The CDPE designation has been invaluable as I work with homeowners and lenders on complicated short sales. It is so rewarding to be able to help families save their homes from foreclosure.”
Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said in the announcement that real estate agents such as Jackson who have CDPE designation have valuable perspective on the market and training in short sales that can offer homeowners alternatives to foreclosure.
“These experts better understand market conditions than the average agent and can help sellers through the complications of foreclosure avoidance,” Charfen said.
The institute provides live and online courses to train real estate professionals on how to help homeowners in distress, with a strong focus on handling short sales.
“Our goal is to help as many homeowners as possible by educating as many real estate professionals as possible,” Charfen said.
For more information about CDPE designation, visit www.cdpe.com.