New York, NY (Grassroots Newswire) April 2, 2014 - Athena Pettway of EXIT Realty Landmark in New York City's Flatiron district, 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 Pettway will help benefit the New York City 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 Pettway. "It is so rewarding to be able to help families save their homes from foreclosure." Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents such as Athena Pettway 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. "Athena Pettway has demonstrated a commitment to struggling homeowners, a commitment that can provide much-needed stabilization to the community."
Athena Pettway is a member of the Real Estate Board of New York, The Manhattan Association of Realtors and is one of only 2% of Real Estate Sales Persons with the Realtor designation in Manhattan.
For more information about CDPE Designation, visit www.cdpe.com.
EXIT is a proven real estate business model that supplies single-level residual income - for agents, security, stability and direction; for agents' families, security in the form of beneficiary and retirement residuals. EXIT's MIND-SET Training Systems offer the industry's best hands-on, interactive sales training. State-of-the-art technology, including the Digital Marketing Strategy, gives home sellers the edge in a competitive marketplace. A portion of every transaction fee collected by EXIT International is applied to its charitable fund. To-date, over $2 Million has been pledged to Habitat for Humanity. For more information, please visit www.exitrealty.com.
EXIT Realty Landmark is an independently owned and operated full-service real estate brokerage. It is engaged in all aspects of real estate business. As part of a North American network of 1,300 Exit offices, the company provides the best in service and support to its customers and attracts the most talented agents with a cutting edge business model, technology and training.
For more information about EXIT Realty Landmark, please call 212-616-9888. EXIT Realty Landmark is located at 22 E 21 St, 5F, New York, NY 10010 and on the web at www.exitrealtylandmark.com. .
SOURCE EXIT Realty
EXIT Realty Landmark