Scott Kompa

SCOTT KOMPA EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

Scott Kompa of Remax Connection 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 the area is ravaged by "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 the Salem County area, more than a 1000 homes are in danger of foreclosing. 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," said Kompa. "It is so rewarding to be able to help sellers save their homes from foreclosure."

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Scott Kompa with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.

If you or someone you know if behind in their mortgage payments I may be able to help. Time is running out. Call today 856-404-2078 Cell

The Market is Getting Hot

November and December of 2007 were a little slow. I have noticed that as soon as the new year started so did the buyers. They are coming out of the woodwork and looking for their castle. This is a great time to buy a home. Inventory is high and prices are stable. Contrary to popular belief this is also a great time to sell your home. The interest rates are low and buyers are out there. Call me and we can discuss your special needs.

Scott Kompa

856-404-2078

skompa@comcast.net