Jayne and Bob Thorsen

April 9, 2009, Horsham, PA – RE/MAX REALTOR® Earns Prestigious CDPE© Designation to Help Homeowners Avoid Foreclosure

Robert Thorsen, REALTOR® of RE/MAX Action Realty- Horsham, has 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 area homeowners are experiencing “distressed” homes in the foreclosure process.

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 Philadelphia and the surrounding suburbs, the number of homes in danger of foreclosing is clearly on the rise.  As job losses mount, and real estate prices have come down, more distressed properties are surfacing in the area.  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”.  “It is so rewarding to be able to help sellers save their homes from foreclosure.”

The CDPE© designation gives me valuable training in short sales that I can offer the homeowner much better alternatives to foreclosure.