You may see this from time to time, yet another acronym for a particular training a real estate agent has gone through on top of their basic yearly continuing education credits. This stands for Certified Distressed Property Expert. A person with this designation has spent 2 full days learning how to properly submit short sales to the lenders and servicers for distressed property owners.
As a realtor who has built her business on short sales, I found it necessary to attend the training and ensure I haven't missed any tips and/or secrets of the trade. After the 2 days, I was pleased to see that I've gone through the process of submitting short sales exactly as was taught to us. Watch out for this designation when it comes to hiring a realtor to sell a distressed property home. While people can claim they are an 'expert', not everyone has gone through this training and has this designation. Not to mention years of experience of working with these types of real estate transactions as I do.
http://www.cdpe.com/home
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