Father Time Auctions Real Estate Broker Auctioneer, Rick Bauer, Earns Distressed Property Designation CDPE to Help Homeowners in Danger of Foreclosure

St. Louis, MO, October 01, 2009 --(PR.com)-- Rick Bauer, an Accredited Auctioneer of Real Estate and Managing Real Estate Broker from Father Time® Auctions in St. Louis Missouri earned the prestigious Certified Distressed Property Expert (CDPE) designation having completed extensive training in foreclosure avoidance and short sales. "I am thrilled to have gained this incredible knowledge to play forward to help troubled homeowners regain balance and move forward on a pathway to financial recovery" said Bauer.

Certified Distressed Property Expert, Rick Bauer, of Father Time® Auctions in St. Louis, MO insists that foreclosure is not the answer to the current home ownership crisis looming throughout the St. Louis region. According to RealtyTrac ending August 2009 the St. Louis, MO region is approaching 1,800 homes per month in danger of foreclosing. "It is happening in all price ranges. Even high-priced homes are not immune" said Bauer.

“The training to earn the CDPE designation has given us best practices knowledge and is invaluable to our team, as we work with sellers and lenders on complicated short sales”, said Rick Bauer, Real Estate Broker, CDPE, GRI, and Accredited Auctioneer of Real Estate, AARE. “It is so rewarding to be able to help sellers save their homes from foreclosure and get themselves on a pathway to financial recovery" added Bauer.

Bauer said "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. With plummeting property values, 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".

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said "companies such as Father Time® Auctions with the CDPE designated agents 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".

The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales. “Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.

For more information about CDPE designation or to meet a Certified Distressed Property Expert from Father Time® Auctions 314-962-4200.

Father Time® Auctions Services www.fathertime.com/real-estate is a leading full service professional Real Estate Auction, Appraisal, Marketing and Estate Sales Liquidation Service: Home, Business, Real Estate-Home-Commercial-Farm-Land and Online Auctions. Father Time Auctions territory includes the St. Louis, Missouri and Southwestern Illinois region of the United States.