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~ Nevada Foreclosure Process, Short Sale vs. Foreclosure, Nevada Foreclosure Help, Steps to a Nevada Foreclosure by Las Vegas Short Sale Specialist in Nevada

702.482.7739 – http://www.theBallenGroup.com – When Ready to sell your Las Vegas Home – if you owe more than the mortgage, we can help. Call us to discuss  short sale options. Las Vegas Short Sale Specialists with Keller Williams Realty Las Vegas.


Summary:

1. Trustee collects all necessary documents, orders a title search, identifies all lien holder and other partiesentitled to receive a “Notice of Default (NOD).”

2. “Notice of Default” is prepared, recorded, published, posted and mailed to all concerned parties.

3. Trustor (Borrower) has 35 days from the recording of the notice to reinstate the loan including all expenses.

4. Once the 35 days has expired, the Trustor enters the second phase of the foreclosure and has three monthsfrom the date of the recording of the “Notice of Default” to redeem the property by paying the full amountof the loan plus all allowable expenses to date.

5. On the 91st day following the Notice of Default, the trustee will record, mail and begin publication of the“Notice of Trustee Sale.” The notice must be advertised for 3 consecutive weeks. “The Notice of TrusteeSale” must also be posted in three public places for 21 successive days.

6. Trustee Sale is held on the exact day stated in the “Notice of Trustee Sale”. The sale deprives thehomeowner of all interest in the property and there is no right of redemption.7. If there are no bidders at the “Trustee Sale”, the property reverts back to the bank as an REO.If there is a successful bidder, that person becomes the new owner and has immediate rights to the property. If theoccupants refuse to move, legal action may be taken to have them evicted. Note: The foreclosure process takesapproximately 4 months.

Contact The Ballen Group today to get help from an agent that specializes in your area.

The Ballen Group
Las Vegas Short Sale Specialists
3100 S. Durango #106
Las Vegas, NV 89117
(702) 604-7739

Las Vegas Short Sale Specialists
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