PRESS RELEASE [FOR RELEASE 6/3/12 [FOR INFORMATION CONTACT [MARK SAMUELSON 303.741.0224] Short-sale expert Daniel Hilty moves to RE/MAX Professionals Colorado’s housing market is getting decidedly better this year – but short sales will still play a prominent role in the market for years to come, according to Daniel M. Hilty, Realtor and expert in short sales and foreclosures, who is moving to RE/MAX Professionals. Over the past year, according to Hilty, banks have grown much more accepting of the short-sale model for dealing with properties in default, and are showing a preference for short sales over foreclosures in getting troubled properties off their books. Hilty is making his move to RE/MAX Professionals to take advantage of the company’s trend-setting business paradigm, and its state-of-the-art information and electronic marketing support for its agents. Properties headed for foreclosure still make up a higher-than-normal percentage of Colorado transactions, Hilty said, noting that between 400 and 450 new ‘NEDs’ – notice of election and demand – are issued every week along the Front Range, even in this better market. “Homeowners experiencing those problems are better educated now about the advantages of a short sale,” Hilty said in announcing his move. “However, banks have also come to realize that they recover more money off a short sale than from a foreclosure.” A short sale, Hilty explains on his blog site at DMHHomes.com, is a transaction where the mortgage holder agrees to proceeds that fall short of the mortgage balance; a logical way to resolve a mortgage default that results from job loss, medical expenses, divorce and other factors. Hilty says that in most cases, a short sale serves the seller’s interest far better than a foreclosure does. “In 99% of cases,” he adds, “a foreclosure ends up being a mistake.” Chances of a successful short sale, Hilty says, are greatly increased when handled by an experienced agent that devotes exceptional time to moving offers through the bank’s review process. Hilty notes that around 75% of purchasers of his short-sold properties are primary home buyers, not investors. He currently has listings situated from Denver’s Park Hill east to the edge of the metro area – including one at 18041 E. Lake Avenue in Aurora; 4-bedroom, 3-bath with 1,989 sq. ft. finished, at $210,000. Transactions are subject to lender approval. “Daniel Hilty’s exceptional experience with short sales make him a valued addition to our team,” said Brad Whitehouse, broker/owner of RE/MAX Professionals, in welcoming Hilty. Daniel Hilty, who completed his first short sale in 2001 and ranks among Denver’s most experienced agents with distressed properties, serves from RE/MAX Professionals’ Denver Tech Center Office, 9200 E. Panorama Cir., off I-25 at Dry Creek Road. He can be reached at 720-256-4703. RE/MAX Professionals also has offices serving Cherry Creek, Highlands Ranch, Lakewood, Littleton, Kipling/Ken-Caryl, Castle Rock/Castle Pines, Highlands/Downtown, and the Denver Tech Center. RE/MAX Professionals is on the web at HomesByThePros.com. -END-