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NewswireToday - /newswire/ -
Savannah, GA, United States, 10/05/2009 - Savannah Georgia Realtor Rob Sales is awarded two designations -- Real Estate Owned Specialist (REOS) and Certified Distressed Property Expert (CDPE). These are invaluable as I work with lenders and distressed buyers and sellers in the 2009 economy.
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Robert Sales (Rob) Sales Agent for Seabolt Brokers a Harry Norman Agency has been recognized by the American Real Estate University as a "REO Specialist" a designation which requires an intensive course of study and examination to complete. Fewer than one percent of all real estate licensees have earned this recognition.
The American Real Estate University (AREU) is a professional association comprised of real estate and professionals and affiliates focused on real estate education.
According to Council president, A. Shane Mask, "REOS designees are uniquely qualified to work with bank and HUD properties to assist homebuyers in the purchase process. Their advanced training in BPO's and understanding market finance options enables them to assist homebuyers buy homes and lenders move properties. In addition, they are also trained to be advisors to homeowners on how to avoid foreclosure and stay in their homes. That's why today's homebuyers and sellers need to be certain to work with real estate professionals who are completely up-to-date on the foreclosure marketplace and who are committed to providing the best knowledge and advice available."
"While assistance with buying foreclosures is important to home buyers," explains Sales, "sellers can also benefit when their listing agents understand short sale process, foreclosure prevention methods and creative financing options to open up the market to more buyers who can qualify for the purchase."
In receiving the prestigious designation to help homeowners in danger of foreclosure, Robert Sales (Rob) of Seabolt Brokers a Harry Norman Agency has also 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.
In the Savannah area, more than 200 homes per month are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
"This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," said Rob Sales. "It is so rewarding to be able to help sellers save their homes from foreclosure."
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors such as (NAME) 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.
The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.
"Our goal is to educate as many people as possible so we can help as many homeowners as possible," Charfen said.
For more information about CDPE designation or to find a certified distressed Realtor in your area, please call 1-800-482-0335, or call Rob Sales at Seabolt Brokers, P: 912-655-7674
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