White Plains, NY - 12/21/2010 – Local CDPE-designated agent (Certified Distressed Property Expert), Cynthia Leite of ERA Insite Realty Services, has released an informational report comparing the consequences of a short sale versus a foreclosure for homeowners.
The report can be found at www.911mortgagerelief.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,” Leite said. “This report is the latest addition to my website, which gives distressed homeowners a way to inform themselves on their best options.”
Currently, one in six mortgages is in some stage of delinquency. 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,” Leite said. “My hope is to inform the community that there are legal, dignified alternatives to foreclosure.”
The 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 her initial training, as a CDPE-designated agent, Ms. Leite is connected to a network of professionals via the Distressed Property Institute, allowing her to remain regularly updated on the complex and quickly changing real estate market.
For more information and assistance with foreclosure alternatives and short sales, contact Cynthia Leite, CDPE, at ERA Insite Realty Services, 914-879-1852, or via her web site.