Marjorie Youngren and Debbi Runcie of REMAX Leading Edge are working together as a team to provide real estate services to clients in Lynnfield, North Reading, Reading, Melrose, Wakefield and more MA communities.

Marjorie Youngren of REMAX Heritage 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 this area, many homes are in danger of foreclosing and it?s 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 Youngren. ?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 (NAME) 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.

The Distressed Property Institute opened in January 2008 and provides training on-site
and online. The CDPE is the premier designation for Realtors helping homeowners in
distress and handling short sales.

?Our goal is to educate as many people as possible so we can help as many homeowners
as possible,? Charfen said.