Desmond, Dorman earn designation on foreclosure

Dolores Desmond, broker of record, Coldwell Banker Resort Realty in Lewes, and Beth Dorman, Realtor/CRS/SFR, Coldwell Banker Resort Realty in Rehoboth Beach, have earned the prestigious Certified Distressed Property Expert designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales.

In addition, both are charter members of the Sussex County Chapter of the Women’s Council of Realtors and have served on the governing board since 2008.

Short sales allow the distressed, 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.

Today, more than one in five homeowners nationwide 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.

Alex Charfen is cofounder and CEO of the Distressed Property Institute. “Dolores and Beth with the CDPE designation have a 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.

For more information, contact Coldwell Banker Resort Realty Short Sales Team: Desmond in the Lewes office at 302-645-2881 or Dorman in the Rehoboth office at 302-227-5000.

“Our goal is to help as many homeowners as possible. We don’t merely assist in selling properties; we are here to serve and help sellers save their homes from foreclosure,” they agreed.