Santa Clarita Certified Distressed Property Experts Are Committed To Making a Difference | Jennifer & Gary Ricco

Local Agents Jennifer & Gary Ricco Attend Educational Convention on Short Sales and Foreclosure Avoidance

Jennifer & Gary Ricco attended national conference of short sale specialists focusing on the most effective ways to help homeowners avoid foreclosure.

Santa Clarita, Ca - June 4, 2010 - Jennifer & Gary Ricco of Keller Williams VIP Properties joined nearly 700 real estate agents at CDPE Momentum 2010 in Tempe, Arizona, the national convention of professionals with the Certified Distressed Property Expert® designation. Attendees benefited from presentations by leaders from Bank of America, Wells Fargo, Prospect Mortgage, Fidelity National Title and RealtyTrac, who provided industry updates and strategies for helping distressed homeowners.

"We have committed ourselves to making a difference in the lives of as many distressed homeowners as we can," The Ricco's said. "CDPE Momentum has given us new tools, networks and insight to help even more members of our community."

The convention provided agents with three-days of intensive interaction among industry professionals, sharing best practices for short sales and other foreclosure avoidance solutions. A short sale occurs when the lender accepts the sale price of a home, even if that amount is less than ("short of") what is owed on the mortgage. The most recent Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions found that short sales represented 17.9 percent of distressed property transactions.

"Short sales can be a positive solution for homeowners facing financial hardship, with a lesser impact on credit scores than foreclosure," Gary said. "However, these transactions can be difficult, and agents need to have training and stay up-to-date on the industry. Events like CDPE Momentum keep us on top of market developments."

Agents with the CDPE designation have undergone extensive training in foreclosure-avoidance options for homeowners facing financial hardship, particularly short sales. With more than 22,500 members added since its inception in 2008, CDPE is the fastest-growing designation in real estate industry history.

About the CDPE Designation

The CDPE Designation provides real estate industry professionals with detailed information on how to engage with and assist homeowners in distress. The CDPE designation has been endorsed by RE/MAX International, Keller Williams Realty and other major U.S. brokerages, as well as industry icons such as: Brian Buffini, founder of Buffini & Company; Howard Brinton, founder of STAR POWER® Systems; Allen Chiang, Chairman of the Asian Real Estate Association of America (AREAA); Tino Diaz, Chairman and President of the National Association of Hispanic Real Estate Professionals (NAHREP); Dave Liniger, chairman and co-founder of RE/MAX; and Joe Stumpf, founder and national spokesperson of By Referral Only®.

To contact Jennifer & Gary Ricco Advanced CDPE members call 661.290.3837

or visit our website: www.SantaClaritaCertifiedDistressedPropertyExperts.com.

Gary and Jennifer Ricco have been CDPE members since November 2008.