Novi, MI, August 11, 2011 --(PR.com
)-- Dan Novak of RE/MAX Classic has 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 many homeowners find themselves with mortgage adjustments, unemployment and balloon payments forcing them out of their homes without a solution and 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 the decrease in 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 Novi area, more than 1 out of 7 homes 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 Novak. “It is so rewarding to be able to help sellers save their homes from foreclosure. I specialize in working with homeowners who are facing the process of foreclosure. As a Certified Distressed Property Expert, I am an advocate for families in need of a professional, knowledgeable Realtor to help them through the issues they are facing."
RE/MAX Classic is focused on leading the economic recovery of the housing market in Southeastern Michigan. Embracing foreclosures and REO properties is not optional; it is a necessity. Realtors® such as Dan Novak 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.
RE/MAX Classic is a Customer Service driven organization dedicated to providing a highly educated collaborative environment for which their agents can provide the highest quality services in helping their clients with the largest financial decisions in their life while remaining competitive in the real estate market.