Posted by Seth O'Byrne

The Robo-Signing Saga Continues

November 30th, 2010 in CDPE by cdpe

Freddie Mac and Fannie Mae have recently ended their temporary ban on selling foreclosed homes in the latest installment of the “Robo-Signing Scandal.” After cutting ties with the law firm that allegedly forged signatures and hid flawed files from auditors, the two government-sponsored entities (GSEs) have given brokers the green light on marketing foreclosures or completing the sales of those already under contract.

Freddie and Fannie own or guarantee about half of all U.S. home mortgages. With 31 million loans worth about $5 trillion, the two GSEs are significant players in the distressed property market. Around 1 percent (250,000) of Freddie’s and Fannie’s mortgages are foreclosures, while another 8 percent (2.48 million) are currently delinquent.

As an agent today, odds are you will help someone who is currently behind on a Freddie or Fannie-backed loan, perhaps even one in a short sale situation. But right now, time is running out to find alternatives to foreclosure … and this is a message all homeowners need to hear!

What does it mean?

The current U.S. housing market and financial crisis have caused tremendous stress and heartache for families across America. If you or someone you know is among the millions today affected by the prospect of foreclosure, understand that you are not alone

Unfortunately, too many homeowners facing foreclosure proceed without the assistance or advice of real estate professionals. Now more than ever, you need to find an advocate for you and your family’s interests, one who is prepared to handle your specific needs.

Real estate professionals with the Certified Distressed Property Expert (CDPE) Designation have trained extensively to understand the options, solutions, and effective methods for dealing with homeowners facing hardships. Don’t risk your financial future and the potential sale of your home with an agent who does not have all the solutions.

CDPEs fully understand that saving a home can save a life, which can save a family, which can save a future.

Alex Charfen, CEO

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Thanks for reading about this designation and the importance of this real estate certification for real estate professionals. As San Diego real estate agents and active short sale and foreclosure advisors, I strongly suggest you make sure your agent is CDPE (Certified Distressed Property Expert) certified.

Troop San Diego and TRE (Troop Real Estate Inc) are leaders in the foreclosure and short sale world and if you are missing payments and in need of a short sale solution or need help understanding HAFA or loan modifications feel free to call Seth O’Byrne, Javin Hope, Keke Jones, Ensley Elsbach, Jennifer Bianchi or our team of expiditers Vera Provencio, Christine Hrusecky and Ken Frye today.

We are here for all of your real estate needs and please know the right short sale should COST YOU NOTHING.

Have a great week and we look forward to serving you!

-Seth

Troop Real Estate, the video posted by Seth O'Byrne, San Diego Real Estate Consultant

 

Troop Real Estate, the video posted by Seth O'Byrne, San Diego Real Estate Consultant

 

Troop Real Estate, the video posted by Seth O'Byrne, San Diego Real Estate Consultant

 

Troop Real Estate, the video posted by Seth O'Byrne, San Diego Real Estate Consultant

 

Troop Real Estate, the video posted by Seth O'Byrne, San Diego Real Estate Consultant