CDPE Designation: Day 1
Certified Distressed Property Expert
Yesterday I completed the first day of CDPE training. It was eye-opening, particularly the information about the many more loans that are going to reset in the coming YEARS.
My market is fairly rural and covers about 10 towns. A couple of these towns have a high rate of economics, and I feel strongly that getting formally educated about short sales will be important for my business. One town in particular has an alarming number of homeowners who are in default, and I get calls on a weekly basis from folks asking for help.
One thing I learned yesterday is the number of options available to people who are in default, or getting close to it. Foreclosure, short sale, bankruptcy, and several other possibilities exist. I am going to feel much more comfortable counseling my clients now that I am going through this designation.
I'm also impressed with the documents that the CDPE course provides to real estate practitioners. There are forms to help us decide whether or not to even take on a distressed listing, how to keep our feet out of legal hot water, checklists to stay organized, and more. So far, this course has already simplified the process for me.
I'll report back later this week on Day 2, which I am headed out the door for right now.
Have a great day!
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Text and photos copyright Kathryn J. Acciari unless otherwise noted.
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Kathryn Acciari, RSPS, SRS, RESE, CFA
Serving the Route 9/20 Corridors of Central Massachusetts
Sturbridge to Westborough
Cell: (508) 982-0686