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The Distressed Property Institute Announces Support of New TreasuryDepartment...

The Distressed Property Institute, the premier organization educating real estate professionals on how to help homeowners avoid foreclosure, announced its support of the U.S. Treasury Department'ss recent development of Foreclosure Alternatives and Home Price Decline Protection Incentives within the Making Home Affordable program.

Due to the inherent challenges of mortgage modifications, and the sheer number of people who need solutions, we are thrilled that the U.S. Treasury has recognized the value of short sales as an important step to solving the foreclosure crisis, said Alex Charfen, co-founder and chief executive officer of the Institute.

The Institute has trained more than 7,500 real estate professionals nationwide in the process and proper methods for effectively helping homeowners in distress, with a particular emphasis on short sales. A short sale occurs when the lender accepts the selling price of the home, even if that is less than the mortgage balance. Graduates of the Institute'ss courses carry the Certified Distressed Property Expert's174; (CDPE) Designation.

Additionally, the Institute has teamed with industry-leader RE/MAX International to offer its associates greater access to the CDPE training.

Within twelve months we expect more than 10,000 of our associates to have earned the CDPE Designation, said Mike Ryan, senior vice president at RE/MAX. This has become a part of our company'ss strategy for success in today'ss market, and we feel the administration has made a smart and practical move to focus on short sales.

In the United States, nearly eight million homeowners are facing foreclosure or behind on their mortgage payments, and according to statistics released by the U.S. Treasury, each foreclosed home reduces nearby property values by as much as 9 percent. CDPEs have been trained to accurately assess a distressed homeowner'ss situation, help determine the best course of action, and effectively execute that strategy.

When homeowners truly can'st afford the homes they currently live in, short sales are the best option for the individual, the community, and the lien holder, Charfen said. When facilitated by our extensive network of CDPEs across the country, homeowners, lenders and servicers will realize the benefits of the Treasury'ss new program components.

About the Distressed Property Institute, LLC

The Distressed Property Institute trains real estate professionals to engage with and assist homeowners facing hardships. The Institute has developed a curriculum to provide the tools and knowledge to handle distressed properties, including short sales, deeds-in-lieu, mortgage modifications, forbearance, refinances, and reinstatements, as well as how to counsel homeowners through the foreclosure process. After completing a comprehensive on-site or online course, graduates are awarded the Certified Distressed Property Expert's174; (CDPE) Designation.

About the CDPE Designation

The CDPE training provides real estate industry professionals with detailed information on how to engage with and assist homeowners in distress. With more than 7,500 professionals trained across the United States, the CDPE is one of the fastest growing designations in real estate industry history. The CDPE designation has been endorsed by RE/MAX International and other major U.S. brokerages and industry icons, including: Dave Liniger, chairman and co-founder of RE/MAX; Howard Brinton, founder of STAR POWER's174; Systems; Bob Corcoran, founder of Corcoran Coaching and Consulting; Brian Buffini, founder of Buffini and Company; and David Knox, founder of Knox Productions.

For more information about The Distressed Property Institute and the CDPE Designation, please visit www.cdpe.com.

Media:

Adam Pedowitz

512.745.4971

Jennifer Wezensky

269.274.4071

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