I just finished a wonderful 2 day class to obtain my CDPE certification. This certification enables me to help people that are at risk of foreclosure. Our real estate market in Longmont has been dealing with foreclosures and short sales for some time. A short sale is when a seller must sell their home but owes more than it's worth in today’s market. We, the seller and I, negotiate with the lender to accept less than what is owed on the property to facilitate a closing. This process can be difficult and time consuming and the Seller must provide the lender with financial documentation and show hardship. It is very important that the Seller is willing and able follow through with all the documentation that is required and explains what has changed in their lives to make it difficult to make payments on the mortgage.
Realtors do not need this certification to help Sellers with short sales, but the knowledge I gained by taking this class will certainly be beneficial to everyone who is involved in a short sale. If you know anyone who may need this kind of help, please let me know.
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