Cheryl Scott-Daniels, Broker/Owner of ERA Select Homes in Westport has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when our country is ravaged by “distressed” homes in the foreclosure process.


Short sales allow the 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. As a CDPE, Scott-Daniels can confidently guide sellers through a short sale process to avoid foreclosure, which can be devastating to homeowners. In fact, on average, CDPEs are able to keep homeowners in their home more than twice as often as losing properties to foreclosure. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

In Fairfield County, more than 3,400 homes are currently in pre-foreclosure. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.


“This CDPE designation is invaluable as I work with sellers and lenders on complicated short sales and foreclosures”, said Scott-Daniels. “It is so rewarding when I am able to help sellers save their homes from foreclosure.”


Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that REALTORS® such as Cheryl Scott-Daniels with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.

"Obtaining this certification is just another reflection of Cheryl Scott-Daniel’s commitment to providing exceptional service to her clients," said Gene Amsel, Business Consultant, ERA Franchise Systems LLC.  “CDPE training teaches sales associates to be properly prepared, up to speed on the latest trends and have the skills necessary to be successful in this market.”


For more information about CDPE designation or to reach Cheryl Scott-Daniels, call at 203-341-0100