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Distressed Homeowners

Homes for Sale Salem Oregon Real Estate Services. Free Search the entire Willamette Valley MLS including Salem/Keizer Oregon and the surrounding areas. Foreclosures

via Distressed Homeowners.

Press Release-Brian White of Paramount Real Estate Services earns prestigious Certified Distressed Property Expert designation (CDPE)

Brian White from Paramount Real Estate Services Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclosure

Salem, Oregon – February 18, 2012 – Brian White of Paramount Real Estate Services in Salem has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by White will help benefit Salem & Keizer-area residents and communities.

Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property. With plummeting 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.

Today, more than 13 percent of homeowners are delinquent on their mortgage or in the foreclosure process. This is occurring across all price ranges, and the fastest-growing category of homes in foreclosure is the luxury home market.

“The CDPE designation has been invaluable as I work with homeowners and lenders on complicated short sales,” said Brian. “It is so rewarding to be able to help families save their homes from foreclosure and help them sell their home on their own terms with dignity.”

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents such as Brian White with the CDPE Designation have valuable perspective on the market, and training in short sales that can offer homeowners real alternatives to foreclosure, which can be devastating to credit ratings.

“These experts better understand market conditions than the average agent, and can help sellers through the complications of foreclosure avoidance,” he said.

The Distressed Property Institute provides live and online courses to train real estate professionals how to help homeowners in distress, with a strong focus on handling short sales.

“Our goal is to help as many homeowners as possible, by educating as many real estate professionals as possible,” Charfen said. “Brian White has demonstrated a commitment to struggling homeowners, a commitment that can provide much-needed stabilization to the community.”

Brian says, “in order for our communities, our towns, our states and our country to become healthy and vibrant again; we need to tackle this demanding issue head on.  We need to first find successful ways to help homeowners stay in their homes and then clear out the inventory of the homes where homeowners were not successful.  This is a critical time for the American people.”

To visit the Distressed Property information page CLICK HERE.

For more information about CDPE Designation, visit www.cdpe.com.    Certified Distressed Property Expert

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Serving all of your Real Estate needs with Integrity & Compassion!

Brian & Nina White

Paramount Real Estate Services

503-385-1518

brianandnina@old.paramountoregon.com

Statesman Journal Best Real Estate Agents 2011

Paramount Real Estate Services Salem Oregon

April Jobs Report tied to Strategic Defaults?

Jobs continued to gain in the month of April according to the Bureau of Labor & Statistics.  290,000 non farm jobs were created with 66,000 of them for the government as temporary jobs for the census continue to gain momentum.  Have you had your friendly census worker visit you yet? 

Over the last 2.5 years this Great Recession has contributed to approximately 8 Million jobs lost.  Last months jobs report is encouraging, but I am not expecting numbers like that to follow month after month.  And even if it did it would take about 3 years to get all of those jobs back that we lost.   I hate to be a pessimist here.  I want this our economy to thrive again and thrive now!  I hope I am wrong, but I just don’t see how we can continue to spend the money that we don’t have and sustain any kind of momentum that we are seeing.  The bailout of Greece is a prime example of that.  The U. S. holds 17% responsibility in the International Monetary Fund and they just decided to bail out Greece for a whopping 1 Trillion Dollars!  Greece is a perfect example of entitlement programs coming to a head.  The working class can not afford to pay for all of these programs!  More taxes means higher costs for good and services or less jobs.  Period. 

A lot of this “growth” that we are seeing is believed to be due to the seasonal time of year and the notion that many people are out spending more money instead of paying for their mortgage every month.  Many of these are people who have jobs and have the money to pay for their bills, but they are strategically missing payments in order to have a little more fun this year.  People are frustrated that their equity is gone so they are not seeing the value in making their mortgage payments.  This is known as Strategic Defaulting.  They miss a couple of months, which can mount out to a chunk of change, every month or so until the bank comes knocking.  The borrower then makes a payment to appease their lender and the cycle continues over and over again.  This obviously brings up a moral dilemma.  What would you do?  Studies show that once the value of a person’s home decreases to 75% of their balance owed, that person considers a strategic default.  The more popular this idea becomes the more people will consider it.  This won’t help out the recovery of our economy, but it is the sign of the times.