Vandana Chima Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclosure

FOR IMMEDIATE RELEASE

Contact:
Vandana Chima
Broker/Owner
EXIT Realty Chima Group
(702) 401-1404
RealtorVandana@yahoo.com

Vandana Chima Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclosure

www.VandanaHelpsHomeowners.com

Las Vegas, NV (Grassroots Newswire) August 19, 2010 -- Vandana Chima of EXIT Realty Chima Group in Las Vegas, NV 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 Chima will help benefit Las Vegas-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 Chima. “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 Vandana Chima 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.

“Our goal is to help as many homeowners as possible, by educating as many real estate professionals as possible,” Charfen said. “Vandana Chima has demonstrated a commitment to struggling homeowners, a commitment that can provide much-needed stabilization to the community.”

For more information about EXIT Realty Chima Group, please call (702) 401-1404. EXIT Realty Chima Group is located at 3230 S. Buffalo Drive, Suite 105, Las Vegas, NV 89117.

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