Please send Glen a quick e-mail at and let him know your current situation, we have helped many people save there credit rating ! 

(Remember all of your information will be held in the strictest of Confidence we work for you not the bank)


CDPE: Certified Distressed Property Expert

Glen recently obtained his Certified Distressed Property Expert designation. I am now equipped with the best knowledge and resources available to help people who are struggling to make their mortgage payments and in some situations, can’t make the payment. Ideally, I would like to help the homeowner stay in their home, but if I can’t, I may still be in a position to help.
There are various reasons a homeowner could have fallen into distress. While there are many distressed properties today as a result of the subprime crisis, the following factors, whether combined with a subprime loan or even a traditional 30 year mortgage or on their own, can cause a property and homeowner to become distressed.
  • Payment Increase or Mortgage Adjustment
  • Loss of Job
  • Business Failure
  • Damage to Property
  • Death of a Spouse
  • Death of family members
  • Severe Illness
  • Medical Bills
  • Inheritance
  • Divorce
  • Separation
  • Mandatory Job Relocation
  • Military Service
  • Insurance or Tax Increase
  • Reduced Income
  • Too much debt
  • Incarceration
A hardship is defined as: A material change in the financial situation of a homeowner that is or will affect their ability to pay their mortgage.
If one of these hardships is something you have experienced, contact me and I’ll do what I can to help you right away!
What is a Short Sale?
This is a term that is being used more and more often in recent home sale and mortgage news, especially in the USA . A homeowner is ‘short’ selling their home when:
A borrower owes an amount on his property that when combined with closing costs and commission 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 ‘sold short’.
A short sale may be the best option for the homeowner in order to avoid foreclosure on their home. If you can, work with a professional who has the tools to adequately present your situation to the lender. Lenders are more responsive to a short sale situation today than ever before in the past.
It can be dificult to negoatiate a short sale in Canada Because of the National Housing Act and our mortgage insurance System (CMHC and Genworth) 
Reasons to Avoid Foreclosure
  • You will always have to disclose that you have had a foreclosure on any mortgage application and many job applications you submit in the future – this can have an adverse affect on your future mortgage rates. This is the only credit item that is asked for specifically and does not rely on what is on an individual’s credit report.
  • Credit scores will be lowered by 300+ points and a foreclosure is the most devastating credit issue you can have in relation to future credit availability.
  • A foreclosure is the one credit report item that is almost impossible to have ‘repaired’.
  • Your lender can seek a deficiency judgment against you and collect for any amount they do not recuperate at bank sale.
    • CMHC - Canada Mortgage and Housing Corp.(i.e. The Federal Governement) can seek a deficiency judgment against you and collect for any amount that is lost by the bank in the forclosure process.
  • Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a potential new hire in jeopardy.
  • Many current employers run credit checks and foreclosure can put a current position in jeopardy.
  • Security clearances and government positions, including but not limited to, military and law enforcement, can be jeopardized by a foreclosure.

About Glen's CDPE Designation



The Distressed Property Institute
The Distressed Property Institute was founded with the following Mission Statement:
·         To provide education to licensed real estate agents that will allow them to efficiently and effectively help homeowners in distress avoid foreclosure and sell their properties.
·         To connect homeowners in distress with Certified Distressed Property Experts designees who can assist them with their transactions.
·         To conduct ongoing research and provide education regarding the changes in the subprime, foreclosure, short sale and probate markets.
Historically a percentage of the real estate market has been in distress however with the recent challenges in the subprime lending market this percentage has grown exponentially. This rapid growth in what once was a niche market requires agents to posses specialized knowledge and processes that will allow them to successfully assist homeowners in need.


About The Designation
The founders of the Distressed Property Institute believe that in almost all cases the best person for a homeowner in distress to speak with is a well informed Licensed Realtor® that has the tools needed to help that homeowner find the best solution for their situation. Foreclosure is a devastating financial and emotional process for a homeowner to go through, and in many cases they do so alone and without help of any kind. It is the goal of the Distressed Property Institute to give agents the tools and information they need to avoid foreclosure and move forward with their lives.
The Certified Distressed Property Expert Designation is the course that provides agent with everything they need to assist these homeowners. The course is delivered in easy to understand modules that will give the future CDPE agent everything they need to understand and assist with the needs of distressed homeowners.




Homeowners who are in the pre-foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions. By dealing with as agent who has earned the Certified Distressed Property Expert Designation (CDPE) designation, homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs.
“Of all the things I have been through in my life, having my home in foreclosure was for some reason one of the most frightening. Having my agent provide a light at the end of he tunnel and get us out of foreclosure was an amazing blessing”
Former Distressed Homeowner
Foreclosure is quite possibly the most devastating financial and emotional process a homeowner or family can go through. The reality is that many foreclosures should never happen and homeowners have options only they don’t know where to turn.
The Distressed Property Institute trains agents to understand the foreclosure process that all together too many agents do not understand. CDPE agents have an arsenal of foreclosure solutions available to make certain they are doing everything they can to help a distressed homeowner out of their situation.