John Abry, a licensed real estate broker REMAX North Professionals, has earned the Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales.
A CDPE is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, John is now able to provide solutions for homeowners facing hardships in today's market, specifically short sales.
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 declining 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. Local experts estimate that there will be 2000 foreclosures sate wide in 2009 (up from about 1750 last year) and that it is happening in all price ranges. Even high-priced homes are not immune.
"Many of these foreclosures can be prevented" says Abry. "70% of home owners do not seek any assistance prior to foreclosure simply because they were unaware that they had any options. We now have the tools needed to help homeowners find the best solution for their situation. Often, when other options have been exhausted, we can help homeowners avoid foreclosure through the efficient execution of a short sale. We don't merely assist in selling properties, we serve and help save our clients in need."
