Point well made Steele, however, I really feel that I had been working throught the short sale process for a couple of solid years prior to this course and I learned more of the nuts and bolts of the process and what the lenders require and how much information they need to make this happen. I found that three days of this education was well worth my time and funds and have made that money back on as little as one extra transaction. This particular "expert" work is about helping the client for a better outcome than foreclosure. It is anything except boring in my opinion and you really have to pay attention and work throughout the classtime. Three days of intense training and information overload is a lot of information to implement. This knowledge partnered with real estate experience and the true passion to assist our clients to the best of our ability is the "expert" part of the learning process.
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I took the CDPE class on a CD and completed it about 3 weeks ago. I received an email today telling me I passed the final examination and am now certified. The class is TREMENDOUS and I highly recommend it. I've been in the business 12 years and thought I knew how to do a short sale. Was I wrong! I faxed a complete short sale package to Wells Fargo on 04/08, a negotiator was assigned on 04/09, the BPO was ordered on 04/11, and the bank communicated with me on 04/14. I've never had a bank respond this quickly. I think it is because the package I sent was complete--nothing left out and full explanations for anything missing. Approximately 60% of my office has now signed up for the class. The class has also removed my "fear" of showing short sales to buyers. I feel I can intelligently interview the listing agent to determine if the short sale has a possibility of closing. Spend the money & take the class--it will pay for itself in no time!
Point well made Steele, however, I really feel that I had been working throught the short sale process for a couple of solid years prior to this course and I learned more of the nuts and bolts of the process and what the lenders require and how much information they need to make this happen. I found that three days of this education was well worth my time and funds and have made that money back on as little as one extra transaction. This particular "expert" work is about helping the client for a better outcome than foreclosure. It is anything except boring in my opinion and you really have to pay attention and work throughout the classtime. Three days of intense training and information overload is a lot of information to implement. This knowledge partnered with real estate experience and the true passion to assist our clients to the best of our ability is the "expert" part of the learning process.
Thank you for your thoughts. I find those who have this designation praise the information/education of the course.
Funny, but immediately after asking about experience level in getting this designation I received an email trying to sell me the course. And it was clear that experience was not required to get the designation. Just take the course. While in your situation you could use information to add to your experience, there will be those who have little or no short sale experience who take the course and are now deemed experts. In fact, I would estimate a large number of those taking the course.
Like REO work, short sales are a whole different ball game. General experience is not a substitute.
Guess I would be more impressed if there were some experience requirements to go with a good education program. Having worked with some legal expert witness situations I think a good attorney would shred the typical designation requirements. Think about it. One takes such a course and gets a designation (not picking on this designation, any of the recent designations). Question. What did you do to get this certification? Answer. I took a 1-3 day class. Question. How many short sales have you done? Answer. Well, actually this is my first one...
I guess I have been ruined for life. My first designation was the CRS and it took me a couple of years to get it.
Steele V. Propp
Foreclosure Specialist/ Loss Mitigator
Bank Owned Property Division
Schatz Group Real Estate
1009 Mainstreet
Minneapolis, MN 55343
(612) 325-6764 Direct Line/Cell
(952) 938-2593 Office
(952) 938-3831 Fax
mailto:SteeleP@aol.com
Access Hundreds of Twin City Bank Owned Homes
http://www.MinnesotaForeclosureNetwork.com
Hi My name is Rebekah with Re/Max Leaders
I have took REO certification class before, understand what is the procedures about the foreclosure properties, however I have never getting a listing from any REO company nor knowing how to get involved with them? how does it work? Now this class sounds interesting, but how about with book knowledges and cetification, would we get some listings or connection with the bank or not? how? can anyone help me with the how???
Thanks a million!
Rebekah
Re/Max Leaders
303-834-1144
Great Class you will not regret taking this class. I am a 20 year Broker and I learned so much information it was like Drinking from a fire holes. Margaret
ePRO Realtor® Publisher, Editor
P O Box 2322 • Sun City, CA 92586
951 672 0215 • Cell 951 805 0558
Fax 951 672 4076 • dixiedee13@aol.com
Has anyone heard of CDRS - certified default resolution specialist? Is this a duplicate of the CDPE course, but without the NAR designation?
Has anyone heard of CDRS - certified default resolution specialist? Is this a duplicate of the CDPE course, but without the NAR designation?
Rena Russell
RE/MAX Achievers
Fort Worth, TX 76116
STEELE,
Experience and Short Sale are not mutually exclusive. The fact that you have experience doing Short Sales doesn't necessarily mean too much if you have been doing them wrong.
Once you get the CDPE training you will have the right road map to conquer Short Sales, but the course is more than that. It order to fully understand and appreciate the techniques that are taught the course also goes over the history of how we got here. It goes over the other time in the past this has happened..this is not the first time. The course goes over the philosophy of why things should be done in a certain way. It goes over all the paperwork that needed and why it's needed. It goes over the mindset of the Lenders and why they do certain things. This will help you in determining the best course of action for you and your client.
Aside from the learning the processes of how to prepare, market and submit the Short Sale; it also goes over how to qualify your client, other agents. What to look out for and what to avoid.
The best part of the course, and something I don't see with any other course, is the follow up calls and webinars where all the CDPE's can get together and go over the latest information hitting the marketplace. We talk about new rules, legislation, changes in local laws, trends, Lender policies. It is a forum to continue the education and share our experiences.
I will leave you a link with the testimonials of those who have taken the course. Feel free to contact any of them and the quality of this course will shine through. I hope to see those four letters after your name pretty soon. If you don't like the course..I will pay for it, for you.
RENA,
The CDRS is a tiny designation with only about 300 members. (That's the claim.) They are not affiliated or associated in any way with the CDPE. There could not be more polar opposites.
Their course seems to have half the information included in the CDPE. Their documentation are not nearly as strong. They also seem to have monthly fees for the same things you get FREE in the CDPE...I even tried to talk to some of the agents that have taken the course, according to their website, but I was unable to contact any since their full names are not displayed. Contrast that with the testimonials page of the CDPE.
Am I biased? ,Absolutely, I've been a CDPE from the beginning--one of the original members. And I'm still as passionate about it, as day 1. I haven't seen any agents praise or endorse that other designation. If you find one, let me know. You're as good as your graduates say you are, right?
Go ahead Rena, Become a CDPE Today
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