Mitch Umbarger Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclsoure

FOR IMMEDIATE RELEASE
Contact:Vicky Spellings
Managing Broker
Exit Realty Partners
931-723-3300
vickywithexit@gmail.com

Mitch Umbarger Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclsoure

Manchester, TN (Grassroots Newswire) 8/29/2012 -- Mitch Umbarger of EXIT Realty Partners in Manchester 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 foreclosur, the skills and education amassed by Umbarger will help benefit the Coffee/Franklin county 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 invaluble as I work with homeowners and lenders on complicated short sales," said Umbarger.  "It is so rewarding to be able to help families save their homes from forecosure."

Alex Charfen, co-founder and CEO of the Distressed Property nstitutein Austin, Texas, said that agents such as Mitch Umbarger with the CDPE Designation have valuable perspective on the market, and training n 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.

The Distressed Property Institute provides live and online courses to train real estate professionals how to help homeowners in distress, with a strong focus on handling short sales.

"Our goal is to help as many homeowners as possible, by educating as many real estate professionals as possible," Charfen said.  "Mitch Umbarger has demonstrated a commitment to struggling homeowners, a commitment that can provide much needed stablization to the community."

For more information about Exit Realty Partners, please call 931-723-3300. Exit Realty Partners is located at 861 McArthur St., Manchester, TN.
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