What is a Distressed Property?
Before we can define what a Certified Distressed Property Expert (CDPE) is, we need to define what a distressed property is. A property can become distressed for a variety of reasons. Poor physical condition, financial instability, or having a mortgage that totals higher than the current market value are just a few. Basically, any property which has foreclosure looming is considered distressed. 

Click here to learn more about distressed properties and how to avoid foreclosure. 

OR, click here for a list of distressed properties currently available for sale. 

What is a Certified Distressed Property Expert (CDPE)?
Now that we have defined a distressed property, what is a Certified Distressed Property Expert (CDPE)? A CDPE specializes in working with distressed homeowners by avoiding the devastating consequences of a foreclosure. They have gone through extensive training to successfully mitigate a foreclosure by negotiating mortgage terms, helping to negotiate a refinance, or most likely – help sell the property. A CDPE has dedicated time and effort to understand the issues distressed homeowners currently face and understand the full range of solutions available. 

Click here to learn more about why it’s important to save your home from foreclosure. 

CDPE’s Work with Buyer’s Too!
Attention buyer’s, distressed properties and short sales can be a great deal for you too! In fact, purchasing one can save you big money. But if your Agent doesn't know the mechanics of a short sale, the deal will fall apart after waiting months. It is equally important to buyers and sellers of distressed property to use a person who can get these transactions to the closing table.  

For a FREE list of short sales and foreclosures, click here. 

Why Choose a CDPE?
Transactions dealing with distressed properties are extensively time consuming and tedious. They require diligent follow-up, tons of paperwork and detailed analysis. Not to mention all the work that goes into drafting market reports and gathering all the information to convince the bank to accept a sales amount that will net them a loss. In fact, some sales can take anywhere from 3 to 12 months to close, depending on the complexity of the transaction. All this is done in addition to the normal marketing efforts required to sell the property. 

Some distressed homeowners get referred to an agent who has some experience and others get stuck working with an agent who doesn’t fully understand the process – putting them in a foreclosure situation. The truth is, less than 1% of Realtors nationwide have the training and knowledge it takes to successfully negotiate a short sale – and represent YOU. 

In almost all cases, the best person for a distressed homeowner to speak with is a well informed Realtor who has the tools needed to help find the best solution for their situation. A Certified Distressed Property Expert is thoroughly trained in the area of short sales and genuinely puts the seller’s best interest first. They really shine when it comes to negotiating short sales and they have the experience it takes to close a deal. 

Chris Weitzel – Your Local Certified Distressed Property Expert!
While experiencing financial distress is difficult for everyone, the process of finding a qualified real estate professional shouldn't be. Choosing Chris Weitzel & Associates to represent you ensures you are dealing with professionals ready and willing to address your unique needs. As your local Certified Distressed Property Expert (CDPE), we have the experience and knowledge it takes to help you avoid foreclosure in today’s market. For more information on how we can help, give us a call. 

Click here to learn more about Chris Weitzel and his Top Selling Real Estate Team.