Local Agent Provides Resource on Luxury Foreclosure Alternatives, Short Sales

FOR IMMEDIATE RELEASE

For more information, please contact:

Aaron Rice, CDPE, CLHMS

443-244-0051

aaron@baltimorehometeam.com

Local Agent Provides Resource on Luxury Foreclosure Alternatives, Short Sales for luxury homeowners struggling with mortgage payments, website explains differences between foreclosure and short sales.

BALTIMORE, CITY, MARYLAND - 10/19/2010 - Local Certified Luxury Home Marketing Specialist (CLHMS) - designated agent, Aaron Rice of Keller Williams Realty Baltimore 410-342-4444, has released an informational report comparing the consequences of a short sale and foreclosure.

The report can be found at www.LuxuryDistressedPropertyExpert.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," Rice said. "This report is the latest addition to my website, which gives luxury distressed homeowners a way to inform themselves on their best options."

Currently, more than one in seven homeowners with loans in excess of a million dollars are seriously delinquent. 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.

"We often see homeowners enter the foreclosure process without any visible means of professional guidance," Rice said. "My hope is to inform the community that there are legal, dignified alternatives to foreclosure."

The Certified Distressed Property Expert (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 luxury foreclosure alternatives visit www.AaronRiceHelps.com