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702-482-7739 http://www.BallenGroupHomes.com – Selling Property in Nevada – Short Sale Agents


702-482-7739 http://www.BallenGroupHomes.com – Selling Property in Nevada – Short Sale Agents


Selling? Waiting Until the Spring Makes No Sense

Posted: 27 Sep 2011 04:00 AM PDT


Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed down the foreclosure process while they re-examined their procedures. They are now confident that all the required documentation is in order. We are currently waiting on a settlement between the banks and the state attorneys general which will establish what penalties will be assessed.

 

Once this settlement is reached, the banks will again move forward on many homes which are currently stalled at some stage in the foreclosure process.

How many homes are we talking about?

There are millions of homes in this category. Calculated Risk quantified the situation:

“There are a large number of seriously delinquent mortgage loans in limbo waiting for this settlement. According to LPS, at the end of August there were about 1.87 million loans seriously delinquent and another 2.15 million loans in the foreclosure process. This is only down slightly from a year ago when 4.4 million loans were seriously delinquent or in-foreclosure. Once the settlement is reached, the pace of foreclosures will pick up sharply.

The pace will “pick up sharply”.

Bottom Line

As more foreclosures come to the market at discounted prices, there will be greater downward pressure on all housing values. Waiting for the spring selling season to put your house on the market may not make sense this year. The increase in demand may be overshadowed by an increased supply of distressed properties.


What is My Home Worth?

Receive a custom evaluation for your home, including comparisons to other homes that have recently sold or are on the market. This guarantees you receive the most accurate information available. To find out what your home is worth, fill out the information below:

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Zip/Postal Code: 890118901289014890158903089031890328904489052890748908489107891088910989117891218912389128891318913489135891418914489145891488917889183 Other…
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CALL THE BALLEN GROUP at 702-482-7739 or click here TO REACH A 
LAS VEGAS SHORT SALE SPECIALIST.

Specializing in traditional (equity) Las Vegas real estate, Las Vegas Short Sales (pre-foreclosures), and foreclosures in Nevada, we can sell your home regardless of your financial needs. It’s wonderful if you have equity in your home, but if not – we can still help.

We don’t just try to sell your home – we MARKET your home to sell. Inventory is massive and buyers are scarce. It takes FULL TIME marketing and lead generation to keep your property up front on the internet at ALL TIMES. The MLS just does not cut it anymore. You need EXPOSURE. Nobody dominates the search engines like we do, so that means YOU DO!

Did you know that 75% of todays MLS listings entered are pre-foreclosures or foreclosures? If you need to sell, but owe more than your home is worth, you are not alone! We can help sell your home and negotiate with the bank to accept less than you owe. 

Equity, or negative equity, we can help. So, if you or someone you know has thought about selling, please contact us right away to see what your Las Vegas Real Estate Value is!

Call 702-482-7739 or Simply enter your information on this page and we will provide you with a speedy response. The more information given, the more accurate the evaluation. All information you provide is secure and will be kept strictly confidential.  There is no obligation.  Please indicate when you are thinking of selling and if what YOU think your home is worth. We have a legal team on call as well to respond to your foreclosure and short sale questions.

 

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