Certified Distressed Property Expert®, Short Sale Expert, Foreclosure Expert, Expert Witness, Court Mandated Mediation Expert, Chesterfield MO real estate listings and homes for sale, home buying, home selling information

SHORT SALE EXPERT

John C. Holst, Jr.,CDPE® MetroStar® , Realtors® Exclusive Buyer's Broker has the distinction of being one of only 15,000 real estate professionals nationwide (with only 200 in the State of Missouri) that have earned the Certified Distressed Property Expert® (CDPE) Designation. CDEP training is changing the way industry veterans’ deal with the changing paradigm of success in the real estate industry.

A Certified Distressed Property Expert^® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales.

The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. The developers of the CDPE Designation believe that the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools needed to help homeowners find the best solution for their situation. Often, CDPEs can help the efficient execution of a short sale.

While enduring financial difficulties is challenging for any family, the process of finding a qualified real estate professional should not be. Selecting an agent with the CDPE Designation ensures you are dealing with a professional trained to address your specific needs.

636.386.2000

What is a Short Sale?

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into all of the following circumstances:

Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals.

RealEstateExpertWitness.org

REAL ESTATE EXPERT WITNESS TESTIMONY

                            • Consulting Including Litigation Support

                            • Assistance in Court Mandated Mediation

                            • Trial and Deposition Assistance in Developing Questions

Litigation Support Specialist, Expert Witness & Forensic Mediation Consultant.

Bringing 35 years of real estate and broker experience and covering the areas of breach of fiduciary duties and deceptive trade practices in real estate transactions.

Expert witness consulting in real estate lawsuits involving broker conduct and breach of fiduciary duty, and breach of contract.

Breach of fiduciary duty by real estate licensees is where less representation is actually received than the required legal duty to supply. Dual agency represents dangerous liability, where an agent attempts to try to thread the needle between not effectively representing the party -- to conflicts of interest -- to not effectively receiving informed consent on transitions between single agency into a lesser form of representation including dual agency, designated agency or transaction brokerage.

REAL ESTATE EXPERT:

John C. Holst, Jr.

Bachelor Science Business Administration: Real Estate & Finance

UNIVERSITY OF MISSOURI – Columbia 1975

Missouri Real Estate Broker since 1982

Licensed in Real Estate since 1974

15668 Coventry Farm Drive

Chesterfield, Missouri 63017

636.386.2000

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Mr. Holst, a practicing real estate broker for over twenty five years, has provided attorneys with expert witness and litigation/arbitration support. He stands ready to testify to the standard of care and practices of Missouri real estate sales agents and supervising brokers with respect to real property transactions, including agency relationships, fiduciary duty, due diligence and disclosure.

Mr. Holst particularly enjoys helping attorneys evaluate, develop and settle their cases in Court Mandated Mediation Sessions prior to Arbitration or Litigation.

MetroStar® believes: "We will help you Select your Best Dream Home First, and, then -- let us Price-it-Down to a Bargain."

Too many people go for the "bargain" first, and not the "best home" first. Don't miss buying the Best Home -- let the price be taken down by us as Your Buyer's Broker. The MARKET has become as ONE, with every segment subject to the same downward price pressures -- so through MetroStar's expertise you can purchase the best at the lowest possible price. MetroStar® helps you each step of the way. We will show you ALL available segments: Bank-Owned, Foreclosed, Pre-Foreclosed, Silent Market, Motivated Sellers in the MLS and Corporate-Owned Relocation Bargains – then You will have access to all segments of homes to buy -- that meet your exact needs and dreams.

Opinions expressed within this website are proprietary reflections that should have independent verification to your sole & complete satisfaction and confirmation; seek outside advice prior to acting upon any views expressed or implied herein. Comments on our content are always welcomed.

Always seek separate professional financial, legal and accounting advice before acting on any opinion, observation or recommendation in our marketing.

In the case of SNIDER v. OKLAHOMA REAL ESTATE COMMISSION,

June 1, 1999

The OKLAHOMA SUPREME COURT said: