June 23, 2009 — Donell Hicks has been recognized by the American Real Estate University as a “REO Specialist,” a designation which requires an intensive course of study and examination to complete.  Fewer than one percent of all real estate licensees have earned this recognition.

The American Real Estate University (AREU) is a professional association comprised of real estate and professionals and affiliates focused on real estate education.  According to Council president, A. Shane Mask, “REOS designees are uniquely qualified to work with bank and HUD properties to assist homebuyers in the purchase process.  Their advanced training in BPO’s and understanding market finance options enables them to assist homebuyers buy homes and lenders move properties. In addition, they are also trained to be advisors to homeowners on how to avoid foreclosure and stay in their homes. That’s why today’s homebuyers and sellers need to be certain to work with real estate professionals who are completely up-to-date on the foreclosure marketplace and who are committed to providing the best knowledge and advice available."

“While assistance with buying foreclosures is important to home buyers,” explains Hicks, “sellers can also benefit when their listing agents understands short sale process, foreclosure prevention methods and creative financing options to open up the market to more buyers who can qualify for the purchase.”