Las Vegas, NV – May 31, 2011 – (RealEstateRama) — Shanta Patton of Realty ONE Group in Las Vegas 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 amassed by Patton will help benefit Las Vegas/Henderson 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 Patton “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 Shanta Patton 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 tohelp homeowners in distress, with a strong focus 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. “Shanta Patton has demonstrated a commitment to struggling homeowners, a commitment that can provide much-needed stabilization to the community.”
The Patton Team specializes in the Centennial Hills, Aliante, North Las Vegas, Northwest Las Vegas,Summerlin, Southwest Las Vegas and Mountain’s Edge. Specializing in first time home buyers, Distressedand investment properties.
About THE PATTON TEAM
As Multi-Million Dollar Producers in Las Vegas,Nevada The Patton Team is a results-oriented group of professionals that balances aggressive strategies, market knowledge and negotiating expertise with a high level of integrity to satisfy each of their clients and customers. Evidence of their aggressive strategies can be seen with billboards, signs, Internet, television, plus much more.
PASSION: When it comes to homeowners in distress, The Patton Team’s passion for real estate has given them the ability to help homeowners sell their home even when they are upside down $100,000’s and in foreclosure. The Patton Team has educated themselves to become specialist in SHORT SALES. On any given day The Patton Team negotiates on behalf of 40+ homeowners. They know its difficult. They understand. They care.