Enrico Pozzo Earns Prestigious Designation to Help Homeowners in Danger of Foreclosure
Seattle, Washington - January, 2010 - Enrico Pozzo of Coldwell Banker Bain in Seattle 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 accumulated by Enrico will help benefit Seattle-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 Enrico. "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 Enrico Pozzo 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 particular emphasis 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. "Enrico Pozzo has demonstrated a commitment to the struggling homeowners, and will provide much-needed assistance in stabilizing the community."
For more information about CDPE Designation, visit www.cdpe.com.
For more information about Enrico Pozzo and Seattle area short sales, visit www.SeattleShortSaleSpecialist.com

Attached are the Condominium and Residential Absorption Rates for $1Million + homes in King County from 2004 through 2008 compiled by our office in April 2008. As you can see, the absorption rate in this price range is currently about half of those of all listings combined.
Enrico Pozzo, Coldwell Banker Bain: Seattle Condos, Lofts, Houseboats and all Seattle Real Estate Listings

Attached are the Condominium Pending Sales Trends in King County from 2004 through 2008 compiled by our office in April 2008. As you can see, the current numbers are substantially down from this time last year. However, we are seeing the number of sales in our office go up in our office and our numbers are better than last year this month. It will be interesting to see what impact it will have on this statistic.
Enrico Pozzo, Coldwell Banker Bain: Seattle Condos, Lofts, Houseboats and all Seattle Real Estate Listings

Attached are the Residential Absorption Rates in King County from 2004 through 2008 compiled by our office in April 2008. Historically, we see an increase in the number of sales in the coming two months. It will be instesting to see whether this will imporve the absorption rates.
Enrico Pozzo, Coldwell Banker Bain: Seattle Condos, Lofts, Houseboats and all Seattle Real Estate Listings

Attached are the Condominium Absorption Rates in King County from 2004 through 2008 compiled by our office in April 2008. Historically, we see an increase in the number of sales in the coming two months and we see the absorption rate go up. Are you as eagerly awaiting the numbers following as I am?
Enrico Pozzo, Coldwell Banker Bain: Seattle Condos, Lofts, Houseboats and all Seattle Real Estate Listings
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved