Kim McAtee of Coldwell Banker Residential Brokerage Earns Certified Distressed Property Expert Designation to Help Homeowners in Danger of Foreclosure

Kim McAtee, a leading sales associate with Coldwell Banker Residential Brokerage in Orinda, has earned the prestigious Certified Distressed Property Expert® (CDPE) designation.  McAtee 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 McAtee will help benefit Bay 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 in many areas, 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.

As of September 2009, 23 percent of homeowners across the country were delinquent on their mortgage or in the foreclosure process.  In California, 35 percent were in negative equity and may be in danger of foreclosing.  It is happening in all price ranges; even high-priced homes are not immune.

“The CDPE designation has been invaluable as I work with homeowners and lenders on complicated short sales,” said McAtee. “It is so rewarding to be able to help families save their homes from foreclosure.”

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.

McAtee may be reached directly at 925.376.3974, via e-mail at kim.mcatee@comcast.net or through her website at www.kimmcatee.com.  Additional information is available online at www.Options2AvoidForeclosure.com.  The Coldwell Banker Residential Brokerage office in Orinda is located at 5 Moraga Way and can be reached at 925.253.4600.

About Coldwell Banker Residential Brokerage

Coldwell Banker Residential Brokerage is the largest residential real estate brokerage in Northern California and serves the markets from Monterey to Tahoe and nearly every market in between.  The company has 61 office locations and more than 3,600 sales associates throughout Northern California.  Last year the company handled more than 16% of all home sales in the Bay Area, more than double its nearest competitor.  Through its internationally renowned Coldwell Banker Previews® program, the company leads the luxury home market, selling more than 27% of properties that sold for more than $3 million and more than 33% of homes priced above $5 million.  Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT has more than 900 offices and 56,000 sales associates operating in more than 35 major metropolitan areas. A subsidiary of Realogy Corporation, NRT operates Realogy’s company-owned real estate brokerage offices. For more information please visit http://www.CaliforniaMoves.com or call 925.275.3085.

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