Meredith Hanson earns short sale designation

Apr 8, 2010 | 3 Comment

Meredith Hanson has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales.  At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by Meredith will help benefit Summit County-area homeowners.

Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if 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.

Today more than 13% of homeowners are delinquent on their mortgage or in the foreclosure process.  This is occurring across all price ranges, and the fastest-growing category of homes in foreclsoure is the luxury home market.

Alex Charfen, co-founder and CEO of the Distressed Property Institure in Austin, Texas, said that agents such as Meredith Hanson with the CDPE Designation have valuable perspective on the market, and training in short sales that can offer homeowners real alternatives to foreclosure, which can be devastating to credit ratings.

“These experts better understand market conditions than the average agent, and can help sellers through the complications of foreclosure avoidance,” he said.

The education and knowledge of a Certified Distressed Property Expert will also help those looking to buy a distressed property.  Meredith’s skills and education enable her to better assess the situation on each individual property allowing the buyer to make informed decisions before becoming tied up in a lengthy short sale that may never be approved by the lender.

The purchase or sale of a distressed property is more involved than a typical real estate transaction.  Hiring a professional with the skills and education needed becomes even more crucial and can have a huge impact on the outcome.  Don’t trust your future to just anyone.