Real Estate Information Archive


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EUREKA, CA – JULY 6, 2010 – Local real estate agent, DEAN KESSLER of THE KESSLER REAL ESTATE TEAM, is a Certified Distressed Property Expert, and is now offering free educational information for homeowners who are delinquent on their mortgages. 

Accessible through, these educational materials clearly explain what a homeowner’s options are when faced with an unaffordable mortgage, as well as the benefits of each option. 

One option highlighted in the website is the Home Affordable Foreclosure Alternatives Program, or HAFA, which offers eligible homeowners $3,000 to pursue a short sale or deed-in-lieu, two alternatives to foreclosure. 

“We often find that homeowners in a difficult financial situation will hesitate to directly contact a professional for help,” KESSLER said. “My website offers a way to learn about what options are available so anyone can empower themselves with the necessary knowledge and then contact me to help pursue their best options.” 

The latest numbers on mortgage delinquency show that approximately one in every seven mortgages is in some stage of delinquency. While they might not be immediately foreclosed upon, these homeowners become more at risk of foreclosure the longer they wait to do something about their missed mortgage payments. 

“Many of these distressed homeowners bought their homes in a financially responsible manner,” KESSLER said. “Unfortunately, these people have had their finances turned upside-down over the past few years. Now, they must make their mortgage payments with constricting incomes.”

The CDPE designation KESSLER has acquired provides real estate professionals with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing financial hardship in today’s market. 

For more information about the CDPE Designation, visit

Dean Kessler Attends CDPE Convention

by The Kessler Team

Local Agent Attends Educational Convention on Short Sales and Foreclosure Avoidance

DEAN KESSLER attended national conference of short sale specialists focusing on the most effective ways to help homeowners avoid foreclosure.

EUREKA, CA – MAY 22, 2010 – DEAN KESSLER of THE KESSLER REAL ESTATE TEAM joined nearly 700 real estate agents at CDPE Momentum 2010, the national convention of professionals with the Certified Distressed Property Expert®designation. Attendees benefited from presentations by leaders from Bank of America, Wells Fargo, Prospect Mortgage, Fidelity National Title and RealtyTrac, who provided industry updates and strategies for helping distressed homeowners.

“I have committed myself to making a difference in the lives of as many distressed homeowners as I can,” KESSLER said. “CDPE Momentum has given me new tools, networks and insight to help even more members of my community.”

The convention provided agents with three-days of intensive interaction among industry professionals, sharing best practices for short sales and other foreclosure avoidance solutions. A short sale occurs when the lender accepts the sale price of a home, even if that amount is less than (“short of”) what is owed on the mortgage. The most recent Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions found that short sales represented 17.9 percent of distressed property transactions.

“Short sales can be a positive solution for homeowners facing financial hardship, with a lesser impact on credit scores than foreclosure,” KESSLER said. “However, these transactions can be difficult, and agents need to have training and stay up-to-date on the industry. Events like CDPE Momentum keep me on top of market developments.”

Agents with the CDPE designation have undergone extensive training in foreclosure-avoidance options for homeowners facing financial hardship, particularly short sales. With more than 22,500 members added since its inception in 2008, CDPE is the fastest-growing designation in real estate industry history.


About the CDPE Designation

The CDPE Designation provides real estate industry professionals with detailed information on how to engage with and assist homeowners in distress. The CDPE designation has been endorsed by RE/MAX International, Keller Williams Realty and other major U.S. brokerages, as well as industry icons such as: Brian Buffini, founder of Buffini & Company; Howard Brinton, founder of STAR POWER®Systems; Allen Chiang, Chairman of the Asian Real Estate Association of America (AREAA); Tino Diaz, Chairman and President of the National Association of Hispanic Real Estate Professionals (NAHREP); Dave Liniger, chairman and co-founder of RE/MAX; and Joe Stumpf, founder and national spokesperson of By Referral Only®.

For more information about the Distressed Property Institute and the CDPE Designation, visit

December 2009 Real Estate Market Condition Report

by Dean Kessler

December was a great month for home sellers and buyers! The numbers are UP! Homes sold briskly, especially those priced towards entry level homebuyers. A total of 32 total home sold in December, with 25 homes selling for under $300,000.

It’s saddening to report Eureka’s area foreclosure rate continues to increase, both in the number of home owners entering into pre-foreclosure and those going to bank auction. These numbers could have been significantly higher except for a 2-week foreclosure moratorium most banks extended over the last two weeks of December. I fear January’s and February’s foreclosure numbers will be dramatically higher. Please, if you know anyone who is unable to keep up with their mortgage payments, have them call me - right now. There are simply too many options available to let a catastrophic event like a foreclosure auction destroy a person’s financial future for the next 5-7 years.

I have set up a special website ( just for distressed homeowners. It has the very latest information on foreclosure avoidance including President Obama’s HASP, HARP and just released HAFA loan modification programs. If you or someone you know has questions about how to get out of a pre-foreclosure, my website has answers. Yet the best option is to just drop me an e-mail or give me a call.


Home Buyer Tax Credit Extended

by Dean Kessler

You probably have heard the Home Buyer Tax Credit has been extended thru June 30, 2010. Here are the details:


1. The $8,000 tax credit is available to “First Time” Home Buyers who have not owned a primary residence in the past three years.


2. A new $6,500 tax credit is available to “Current” Home Owners who have lived in their primary residence for 5 consecutive years of the last 8 years.


3. Although the $6,500 has been labeled a “Move-Up” credit, there is nothing in the law forcing anybody to buy a bigger or more expensive home. You can downsize or upsize and still get the credit.


4. Your adjusted Gross Income cannot exceed $125,000 if you file taxes as a single, or $225,000 if you are married filing jointly.


5. You must be under contract to purchase by April 30th, 2010 and will need to close by July 1, 2010.


6. The cost of the purchased home must be less than $800,000.


7. This is a tax credit. If the home buyer owes the IRS zero dollars, they will get a check for $8,000 (or $6,500) from the IRS. Pretty nice!


Contact us if you would like to learn how these tax credits can be used to help you.

Market Trends - October 2009

by Dean Kessler


As predicted in my last report, sales soared to new heights in October unseen in many years. The number of homes going under contract are at new highs, fueled by the 1st time homebuyers lined up to take advantage of the $8,000 tax credit set to expire 11/30/09. And for the third month in a row we’ve seen the “domino” effect of where 1st time homebuyers are buying the homes move-up buyers are selling, allowing move-up buyers to purchase larger homes.

I remain very optimistic our Congress will extend the 1st time homebuyer $8,000 tax credit. And, the popular rumor circulating for the past few months is that Congress will add a tax credit for the “move-up buyers”. It may be a great opportunity for current homeowners at a time of historically low interest rates to shed the home they’ve outgrown and receive a tax credit, also. You should give some thought to becoming a “move-up buyer” if;

1) You have more children than you have bedrooms, or

2) Your family room used to be the garage, or

3) You’re renting multiple storage units for all your stuff


The top 3 groups of homebuyers:

  • 52% were 1st time homebuyers
  • 17% were move-up buyers
  • 17% were investors

 Distressed Home Sales

  • 4 were REO, or bank owned properties
  • 2 were distressed sellers, or Short Sales
  • 20 homes went into pre-foreclosure
  • 4 homes were auctioned

 If you have questions about how this tax credit could work for you or someone you know, drop us an email or give us a call.


Foreclosure Lenders to Be Held Accountable?

by Dean Kessler

I caught a news article recently in a nationally syndicated web service that will be of interest for Humboldt County and Californiadistressed homeowners going thru a foreclosure process. A law firm in Southern California representing distressed home owners in foreclosure and home owners who had been foreclosed on is now taking the foreclosing lenders to court, challenging the lenders right to a non-judicial foreclosure.


California is one of the few states that allows lenders to foreclose on homes without a court proceeding. A lender can initiate a Notice of Default, wait 90 days, send out a Notice of Sale, and then 21 days later take the property back at auction. The process is systematic, efficient, and requires no judicial interaction.


The problem develops when a homeowner is attempting to pursue a loan modification. How many times have I spoken with a distressed homeowner who was thinking that the lender was working on a loan modification and auction day arrives. The lender forecloses and takes back the property. When challenged by a frustrated, distressed homeowner, the customer service rep typically responds under the guise of missing documentation or “non-responsiveness” from the homeowner. In many cases, it’s the lender at fault because of there keen ability to lose documents, failure to communicate with the homeowners, and the rampant turnover of employees in the lender’s loan servicing departments.


The law firm is attempting to demonstrate in court how lenders need to be held accountable for their actions, or some cases, their inactions. In some cases, the lender has ignored a home owner who may have qualified under Obama’s Home Affordability Stability Plan (HASP).


It will be interesting for Eureka, Arcata, Fortuna, and McKinleyville area distressed homeowners working thru the foreclosure process to see how the courts respond to this legal action.

October Market Report

by Dean Kessler

 OCTOBER 2009 Market Report

Bucking the national trend of home sales dipping last month, our local area real estate market again showed an increase in sales. And next month our report will continue to get better. Our local market continue to show a pleasant increase in the number homes going under contract. I’m very excited about the numbers we’re seeing, and the increased volume of buyer traffic thru our office.

              This month, twelve 3-bedroom homes sold between $115,061 to $562,000. Four 4-bedroom homes sold between $260,000 to $497,000. Of the twenty-eight homes sold, seventeen where priced below the monthly average sales price of $251,893. For these sellers, it took an average of 66 marketing days to obtain an acceptable offer. We recommend home sellers in this price range price their home aggressively in this very active market.

The top 3 groups of homebuyers:

  • 39% were 1st time homebuyers
  • 21% were move-up buyers
  • 21% were investors

Distressed Home Sales

  • 4 were REO, or bank owned properties
  • 2 were distressed sellers, or Short Sales
  • 23 homes went into pre-foreclosure
  • 8 homes were auctioned

If you find know someone behind on monthly payments or think you may be late soon, contact us right away. Dean is the only real estate agent in Northern California that is an Advanced Certified Distressed Property Expert (CDPE).

Prestigious Designation to Help Homeowners in Danger of Foreclosure

by Dean Kessler
DEAN KESSLER of THE KESSLER REAL ESTATE TEAM in EUREKA 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 the area 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. 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.
In the Humboldt County area, more than 96 homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Realtor Kessler. “It is so rewarding to be able to help sellers save their homes from foreclosure.”
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Florida, said that Realtors® such as Kessler 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.
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.

Foreclosure Prevention Team in Humboldt County

by The Dean Kessler Team


(Eureka) Regardless of the reasons that are used to explain the current mortgage crisis in the United States, the reality that we are faced with is that more homeowners are in financial distress due to real estate than at any time in the history of real estate.


Eureka’s own Dean Kessler of The Kessler Real Estate Team at RMK Realty Inc., has earned the designation of a Certified Distressed Property Expert (CDPE) and is ready to help families in need of his services. “I will help homeowners find the best solution to whatever financial crisis they are facing,” says Dean Kessler. “I am fully informed of the issues and know the detailed processes and procedures for working with and through the banks. There are many options that homeowners can take to prevent a foreclosure. We help our clients identify the options that are best suited for their situation.”


Residential real estate has many specialized areas and many agents take specific courses to deepen their understanding of issues and build upon the foundations they learned when acquiring their real estate license. The Distressed Property certification is one of the most important certifications in today’s market; it gives agents a full understanding of the complexities of short sales, pre-foreclosure, and foreclosures.


One thing remains the same for the majority of homeowners: the best solution for an individual wanting to sell a property is to seek the guidance, counsel and services of an educated licensed Realtor.


Says Dean Kessler, “Sometimes the best solution can be a ‘Short Sale’ – 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.” This should be one of the last options before foreclosure.


Owners in pre-foreclosure should seek out a Certified Distressed Property Expert as soon as possible. The foreclosure procedure timeline in California is only four (4) months from Notice of Default (NOD) until the foreclosure sale.


To find out all the benefits and options for preventing foreclosure, contact Dean Kessler, Broker, CDPE. His market includes Eureka, Fortuna, Arcata and McKinleyville. He can be reached at [email protected] or 441-1765.


Displaying blog entries 1-9 of 9

 CA Department of Real Estate #01313330