Tom Gammon of RE/MAX Classic Earns Distressed Property Designation

Tom Gammon achieves his Certified Distressed Property designation to assist homeowners in distress with short sales.

Novi, MI, August 31, 2011 --( Tom Gammon of RE/MAX Classic in Novi, MI recently 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 residential homeowners prepare for the next step of a possible short sale in lieu of the foreclosure process. Gammon specializes in residential home sales in Livingston and Oakland counties.

"As a Certified Distressed Property Expert, I specialize in working with homeowners who are 'upside down' in their homes and facing or are in the process of foreclosure. I am an advocate for families in need of a professional, knowledgeable Realtor to help them through the tough issues they are facing," Gammon said.

A short sale allows 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 homeowners from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

According to ForeclosureDataOnline, an online resource for currently reported foreclosures, 360 properties are already in foreclosure in Oakland County alone. It is happening in all price ranges and from all circumstance. Job loss, illness, divorce and mortgage payment adjustment all account for a major reason why so many homeowners are in dire straights and facing bankruptcy, foreclosure and the possible short sale of their home.

“This CDPE designation has been invaluable education as I work with sellers and lenders on complicated short sales,” said Gammon. “It is so rewarding and challenging to be able to help sellers save their homes from foreclosure.”

At RE/MAX Classic, we are focused on leading the economic recovery of the housing market in southeast Michigan. Embracing foreclosures and REO properties is not optional; it is a necessity. We're committed to the hard work, knowledge and skills to successfully assist homeowners in distress. Agents with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure. These experts also may better understand market conditions and can help sellers through the process of selling their home in a declining market. “Our goal is to educate as many people as possible so we can help as many homeowners as possible,” comments Carol Boji, broker/owner of RE/MAX Classic.

The firm of RE/MAX Classic encompasses four metro-Detroit offices located in Novi, Farmington Hills, Canton and Milford, Michigan. 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.

RE/MAX Classic
Lynn Dery