Darlene is now a Certified Distressed Property Expert, or CDPE. She is now able to offer advice to homeowners who are facing foreclosure or are unable to pay their mortgage and cannot sell their home due to the current market conditions.
If a homeowner has suffered a hardship —which could be anything from severe illness or death in the family to the loss of a job, increasing payments or military relocation — a CDPE- designated agent knows how to approach lenders, file the correct paperwork and, in many cases, negotiate a short sale for the distressed property.
A short sale — the listing of a home below the mortgage value and negotiations with the lender to clear the mortgage for that sale price — avoids a lot of heartache and headaches all around.
A foreclosure, can show up on your credit report for five years or more. A short sale can lessen that to only a couple years. A foreclosure can also lower your FICO credit score more than 300
points, whereas a short sale alters the score 100 points or less. Foreclosures can also affect your chance of obtaining security clearances, which can be crucial to employment. A short sale has no affect in this area.
Darlene has compiled a booklet that addresses this topic. Click Here to Download Booklet. Darlene would be happy to assist you with any questions you may have.
