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 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.
In Volusia County alone, according to RealtyTrac, more than 7300 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 Zwick. “It is so rewarding to be able to help sellers save their homes from foreclosure.”
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Richard H. Zwick 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, he said.
“Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.
Zwick and his group of professionals are committed to tackling this foreclosure crisis head-on by helping one homeowner at a time and that includes home buyers and investors since everyone is involved in the solution. His Community Redevelopment Program is designed to restore equity and home ownership with integrity.
For more information about how Richard H. Zwick and Zwick Realty Group can help, go to www.RichardCanHelp.com or call 888.267.7192 ext. 1
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Richard H. Zwick of Deland, FL. has been in real estate in the Orlando area for over 25 years & has 20 years of experience with foreclosures, and investing. Richard has earned the Certified Distressed Property Expert (CDPE) designation and is an author.