Local Agent Provides Resource on Foreclosure Alternatives, Short Sales

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 13, 2010 -- Metro Denver Area, Colorado –September 2010 – Local CDPE-designated agent, Frank Gillen of Re/Max Unlimited, Inc , has released an informational report comparing the consequences of a short sale and foreclosure.

The report can be found at www.MetroDenverHomeConnection.com and provides a thorough explanation of how a short sale may potentially improve a homeowner’s future financial stability.

“Considering how damaging foreclosure can be for the homeowner and the surrounding community, it is important that everyone knows all of the alternatives available,”Gillen said.“This report is the latest addition to my website, which gives distressed homeowners a way to inform themselves on their best options.”

Currently, one in seven mortgages is in some stage of delinquency. Once a mortgage payment has been missed, the lender has the ability to begin the foreclosure process. A short sale can potentially minimize the damage to one’s future loan eligibility, credit score, employment, security clearance and more.

“Seventy percent of homeowners enter the foreclosure process without any visible means of professional guidance,” Gillen said. “My hope is to inform the community that there are legal, dignified alternatives to foreclosure.”

The CDPE designation provides real estate agents with the tools and knowledge needed to efficiently, ethically and effectively pursue foreclosure alternatives, specifically short sales. In addition to their initial training, CDPE-designated agents are connected to a network of professionals via the Distressed Property Institute, allowing them to remain regularly updated on the complex and quickly changing real estate market.


For more information about the CDPE Designation, visit www.cdpe.com