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.