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Some short sale practices are controversial in an industry already battered by rising numbers of foreclosed or distressed properties, and a recent history of questionable mortgage practices. So, regulators and real estate brokers say homeowners must be alert to a slew of potential risks and consequences of a short sale.

There is no industry standard for best practices and there is no specialized training currently required for real estate practicioners. There are special designations that the real estate professional can receive once they have gone through extensive training on the process of Short Sales.  Be sure to look for designations such as Certified Default Resolution Specialist(CDRS), Short Sales and Foreclosure Resource Certification(SFR), Certified Distressed Property Expert(CDPE) and several others.  It is imperative that you have a trained professional handling your Short Sale.