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Posts Tagged ‘Henderson Short Sale Specialist’

Avoid Foreclosure, Underwater? Need to know your Home’s Value, Las Vegas Real Estate Team specializing in Short Sales can help

Short Sale Questions Answered by Las Vegas Short Sale Specialist in Nevada – 702-482-7739http://www.ShortSaleinNevada.com – TO BUY A SHORT SALE – Log on to http://www.theballengroup.com/Buying_a_Short_Sale/page_2401586.html

FREQUENTLY Asked Questions on Las Vegas Short Sales and Pending foreclosure in Nevada
1.) Do I Qualify for a short sale in Nevada? If you owe more than your home would sell for – you qualify.

2.) I have enough money to pay the difference – Should I do a short sale? We suggest you contact your attorney or legal professional,
but you may want to consider paying off the difference to save your
credit or look into a loan modification. FYI – We have had people
approved even though they had the money in the bank.

3.) I have
been hearing a lot about loan modifications. Should I try one? Sure. If
you think you might qualify – why not? Word to the wise – USE YOUR
LENDER. It’s free. If your lender can’t do it – it can’t be done by some
guy who claims to be a “specialist in loan modifications” and charges
you $500 or more. The law actually states that NOBODY can charge up
front for Loan Modification services. If they try to charge you up front
– they are breaking the law. Is that who you would want trying to save
your home? If you feel you qualify for a loan modification or refinance,
we can point you to a licensed mortgage company. If you can’t qualify,
we can help you with the Nevada short sale process.

4.) Who pays the Las Vegas Short Sale Agent for their services? Good News! The bank pays us all commissions plus items the buyer may ask for such as closing costs.

5.) What is a hardship package and why do I need it? The Nevada Short Sale
hardship letter is to state your situation. The bank wants to
understand why you can’t make your payments and keep your home. A
hardship could be medical (physical or mental illness). It could be
divorce, death, relocation, loss or change of employment, addictions
causing money loss, taking care of sick parents, large amounts of child
support and so on. We can’t tell you what your hardship is, but these
are some we have seen approved. The rest of the package is simply a
combination of pay stubs, bank account statements, profit & loss
sheet, and tax returns. Some of these items are never requested from the
bank. It all depends on the bank.

6.) Can I short sale my home in Nevada and buy something more affordable? Maybe. There is talk that this may be some day be called mortgage fraud.

7.) How will the Las Vegas short sale
affect my credit. To find out an exact score hit and how your credit
will be affected, you will need to get professional advice from an
accountant and/or credit professional. It will affect your credit, we
are not licensed or trained in the credit department to tell you
specifics.

8.) How is a short sale better than a Las Vegas Foreclosure?
Again, a credit professional, accountant or legal professional can
better advise you, but we are told that with a short sale, you can buy a
home years before you could if you had a foreclosure on your record.

9.)Can the lender come after me? They
can if they choose. It depends on how their final approval letter is
written. You still have the choice to accept or deny their terms and opt
for the foreclosure or deed in leiu of foreclosure should you decide.
We have not seen collections personally, but we understand that the debt
can be sold to a collector if it is not written as settled. This can be
negotiated in the final stages of the short sale once a negotiator has
been assigned to your case.
 

Las Vegas Short Sales, The Ballen Group, Las Vegas Short Sale Specialist Team, Keller Williams Realty Las Vegas
  • Las Vegas Short Sales
  • North Las Vegas Short Sales
  • Nevada Short Sales
  • Henderson Short Sales
  • On Call Legal Counsel
  • Award Winning Las Vegas Short Sale Specialist Team
  • The Ballen Group Short Sale Nevada
  • Professional Las Vegas Short Sale Agents 

TO SELL – 702-482-7739

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~ Las Vegas Short Sale PANEL with Debbie Zois and Guests at Keller Williams Realty ~

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~ Call us to discuss short sale options. Las Vegas Short Sale Specialist Team, We can Help ~

Las Vegas Short Sale Specialist, Las Vegas Short Sale Agent, 702.482.7739 – http://www.ShortsaleinNevada.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. If you are looking to buy, feel free to use our Online Nevada MLS search and Property Finder at http://www.ForSaleByBallen.com – It’s FREE and Online NOW.

Yes, We are seeing a lot of Short Sales in today’s Las Vegas Real Estate Market. It is happening to your friends, your family, and maybe even you. Your home is not worth what it used to be. Las Vegas Short Sale Professionals are now calling it being “upside-down” in which you owe more on the mortgage than the house is now worth. If you can hang on through the slow market, great. If not -you may want to consider a Las Vegas Short Sale to avoid a foreclosure situation. A short sale is when the house or property is worth less than what is due on the mortgage. The bank (note holder) takes the loss, but not a such as a foreclosure process. A Nevada short sale is not always the best option for everyone. You need expert Las Vegas real estate short sale expert advice to decide on the pros and cons of a real estate short sale in Nevada. If you are even thinking of short selling your property, here are some positives and negatives to consider:

Positive

  • Avoid Foreclosure – Foreclosures can be a very hard and stressful process for everyone. It might take anywhere from six to twelve months even for a foreclosure to complete.
  • Being proactive – Facing your Las Vegas foreclosure will help give you some control over the process. By choosing a short sale, finding a buyer and negotiating terms with the bank, the huge effect on your credit score by a foreclosure can be dodged.
  • Start over faster – Minimizing damage to your credit score can help you get back on your credit feet faster. You’ll be eligible to purchase another house faster than if you entered foreclosure according to major lenders.
  • You might not owe anything after the Short Sale – Your agent can try asking the bank to cancel your debt altogether. It does happen, but not all the time.
  • You won’t need to pay large monthly mortgage payments
  • The bank may forgive the difference in debt between what you owe and the final price.
  • You can avoid the time consuming and traumatic foreclosure proceedings.
  • Your credit score will usually recover more quickly than a foreclosure
  • You are more likely to avoid bankruptcy
  • You may not be taxed on the debt forgiven.
  • If you are not able to pay the mortgage premium, or work with the lender on getting a loan modification, a short sale is probably the way to go…even though it means losing your home and investment.

Negative

  • There will be damage to your credit – When a short sale is completed, it is still recorded on your credit but should have a lesser impact as a foreclosure for most creditors. Although lenders will consider a short sale similar to a foreclosure, The chances of getting a home loan will still be slim for a bit.
  • Tax Consequences – Talk to your accountant to see if you qualify for the Mortgage Forgiveness Debt Relief Act of 2007, no taxes are owed on the forgiven debt.
  • Bank Could Demand a note or some payment – The bank is not forced to forgive the debt. They may ask you to pay them back for the difference on the sale and what is owed on the mortgage, but you’ll need to agree to this.
  • The mortgage holder/lender does not have to say yes to a short sale
  • You must prove a hardship that prevents you from making your payments.
  • A short sale is not short. The time depends on how quickly you and your agent put together the hardship package, and how quickly the lender reacts
  • Lenders are known for taking a while to approve short sales.
  • If your home has liens, each lien holder/lender must be consulted.
  • The successful transaction depends on a good offer from a good buyer.
  • The real estate agents involved will usually get a smaller commission.
  • You may be asked to sign a promissory note for the debt forgiveness for approval .
  • Lenders may seek repayment of the debt forgiven after the short sale is completed.
  • Your credit score is going to take a hard hit. Consult tax and legal advice.
  • You could be taxed. Consult a tax professional.
There are no promises or guarantees in a Las Vegas short sale whether the lender(s) will approve the short sale or forgive your debt, but Short Sales offer an alternative to the damaging effects of a Nevada foreclosure. A short sale is a complicated process for all parties involved. There are so many details involved (more than what the average homeowner is aware of). Make sure to consult a Las Vegas Short Sale Specialist with a proven history of success with short sales. For help with your Las Vegas Real Estate, Equity or Negative Equity – Contact Richard Ballen, (of The Ballen Group) – The Wizard of Real Estate. Richard will work Magic with your Las Vegas Short Sale, Henderson Short Sale, or North Las Vegas Short Sale. RICHARD GET’S THE DEAL DONE!

 

 

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

Las Vegas Short Sale Specialists
View Listings View Blog


KWLV………The 3D Experience. Determined, Dedicated, Driven @Desert Inn and Durango – Click the link below to find out more about Keller Williams Realty Careers.

Set up your confidential interview with Keller Williams® today and join the fastest growing real estate company in North America!

Zip Codes Served: 89101,89102,89103,89104,89106,89107,89108,89109,89110,89111,89112,89113,89114,89115,89116,89117,89118,89119,89120,89121,
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Las Vegas Real Estate Agent – Homes for sale in Nevada – Short Sale Listings – Las Vegas Short Sales

 

 

 

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~ Las Vegas Real Estate Agent with The Ballen Group WARNS – Dont wait to SELL your Las Vegas Real Estate (or Las Vegas Short Sale)

702-604-7739 – http://www.TheBallenGroup.com – Las Vegas Short Sale Specialist Team of Las Vegas Real Estate Agents with Keller Williams Realty Las Vegas

What on Earth are you waiting for?

Las Vegas Real Estate Agent warns don't wait

  • Were you waiting for Christmas to be over?
  • Did you want to get the family back to where they came from?
  • Were you waiting for Spring?
  • Did you want to wait until the kids went back to school?
  • Are you waiting for the kids to get out of school?

Waiting costs you money if you are a traditional sale, and time if you are in a Nevada Short Sale Situation. PLEASE don’t wait til you receive a foreclosure notice on your door. Contact The Ballen Group, Las Vegas Short Sale Specialists today at 702-482-7739 to get your home on the market.

If you are a traditional sale, we will work to get you the most money, in the shortest time, with the least amount of inconvenience to you. If you are considering a short sale, we will be by your side and have your back when it comes to the lien holders and the buyers.  In both cases, our comprehensive marketing system is second to none. Our in house negotiatiors are skilled and on their toes, and our customer service department keeps you in the loop throughout the entire transaction. The Ballen Group is not just one Real Estate Agent. The Ballen Group of Keller Williams Realty Las Vegas is a team of expert agents with individual specialties creating a dynamic team working hard and smart for you.

 

STOP WAITING – CALL US AT 702-482-7739.

The Ballen Group .

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

Las Vegas Short Sale Specialists
View Listings
View Blog


KWLV………The 3D Experience. Determined, Dedicated, Driven @Desert Inn and Durango – Click the link below to find out more about Keller Williams Realty Careers.

Set up your confidential interview with Keller Williams® today and join the fastest growing real estate company in North America!


Each Office
Independently Owned and Operated
The Ballen Group – Licensee Richard Ballen Wekerle and Lori Wekerle
– If currently working with a REALTOR® this is not intended as a solicitation

Zip Codes Served: 89101,89102,89103,89104,89106,89107,89108,89109,89110,89111,89112,89113,89114,89115,89116,89117,89118,89119,89120,89121,

<div style="font-family702-604-7739 – http://www.TheBallenGroup.com – Las Vegas Short Sale Specialist Team of Las Vegas Real Estate Agents with Keller Williams Realty Las Vegas

What on Earth are you waiting for?

Las Vegas Real Estate Agent warns don't wait

  • Were you waiting for Christmas to be over?
  • Did you want to get the family back to where they came from?
  • Were you waiting for Spring?
  • Did you want to wait until the kids went back to school?
  • Are you waiting for the kids to get out of school?

Waiting costs you money if you are a traditional sale, and time if you are in a Nevada Short Sale Situation. PLEASE don’t wait til you receive a foreclosure notice on your door. Contact The Ballen Group, Las Vegas Short Sale Specialists today at 702-482-7739 to get your home on the market.

If you are a traditional sale, we will work to get you the most money, in the shortest time, with the least amount of inconvenience to you. If you are considering a short sale, we will be by your side and have your back when it comes to the lien holders and the buyers.  In both cases, our comprehensive marketing system is second to none. Our in house negotiatiors are skilled and on their toes, and our customer service department keeps you in the loop throughout the entire transaction. The Ballen Group is not just one Real Estate Agent. The Ballen Group of Keller Williams Realty Las Vegas is a team of expert agents with individual specialties creating a dynamic team working hard and smart for you.

 

STOP WAITING – CALL US AT 702-482-7739.

The Ballen Group .

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

Las Vegas Short Sale Specialists
View Listings
View Blog


KWLV………The 3D Experience. Determined, Dedicated, Driven @Desert Inn and Durango – Click the link below to find out more about Keller Williams Realty Careers.

Set up your confidential interview with Keller Williams® today and join the fastest growing real estate company in North America!


Each Office
Independently Owned and Operated
The Ballen Group – Licensee Richard Ballen Wekerle and Lori Wekerle
– If currently working with a REALTOR® this is not intended as a solicitation

Zip Codes Served: 89101,89102,89103,89104,89106,89107,89108,89109,89110,89111,89112,89113,89114,89115,89116,89117,89118,89119,89120,89121,

89122,89123,89124,89125,89126,89127,89128,89129,89130,89131,89132,89133,89134,89135,89137,89138,89138,89141,89142,89143,89144,89145,89146,
89147,89148,89149,89150,89151,89152,89153,89154,89155,89156,89159,89160,89162,89164,89170,89173,89177,89180,89185,89193,89195,89199,89030,
89031,89032,89033,89036,89084,89086

Las Vegas Real Estate Agent – Homes for sale in Nevada – Short Sale Listings – Las Vegas Short Sales

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89122,89123,89124,89125,89126,89127,89128,89129,89130,89131,89132,89133,89134,89135,89137,89138,89138,89141,89142,89143,89144,89145,89146,
89147,89148,89149,89150,89151,89152,89153,89154,89155,89156,89159,89160,89162,89164,89170,89173,89177,89180,89185,89193,89195,89199,89030,
89031,89032,89033,89036,89084,89086

Las Vegas Real Estate Agent – Homes for sale in Nevada – Short Sale Listings – Las Vegas Short Sales

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FREE SHORT SALE KIT HERE – http://www.shortsaleinnevada.com 702-482-7739 – Las Vegas Real Estate Agent Team specializing in Las Vegas Short Sales with Keller Williams Realty Las Vegas

FREE SHORT SALE KIT HERE – http://www.shortsaleinnevada.com 702-482-7739 – Las Vegas Real Estate Agent Team specializing in Las Vegas Short Sales with Keller Williams Realty Las Vegas

OK – So let’s talk short sales for a minute. Everyone is “CLAIMING” to be a Las Vegas Short Sale Specialist right? What makes them so special? 

Don’t be fooled by so called “certifications” agents are now using to somehow prove that they are better at short sales in Nevada than others. Simply NOT the case. Most of these “certified” titles are given out by title companies that spin out a 90 minute class which is made up of the very basics and a lot of “Sales Pitches” from the Title Company, Attorneys, or Processors involved. 

Here’s another tip – coming from someone experienced in short sales in Nevada – THIS IS JUST AN OPINION, but what are blogs for? We suggest that you Don’t choose an agent WHO WORKS ALONE!!!! Why? To stay in the real estate business, if one is primarily working short sales (…and how could they do anything else really?), they must handle volume. It is a proven statistic that at best one out of three short sales actually close. This means the agent has to spend the up front funds on marketing (if they are doing the job as they would on any other traditional sale (and why should a short sale be any different?), lock boxes, signs, files, faxes, software used for short sales, office required transactional software etc., and imagine the money spent in the form of time! 

Each short sale generally brings in a multitude of buyers that cause a mountain of paperwork in the form of counters and addendums (if being done correctly in order to protect the HOMEOWNER doing the short sale). 

So if it takes 3 short sales to close one which = 6 buyers on each one that = 18 Contract STACKS to close one short sale. And honestly – that is being conservative!!

How can 1 agent handle enough short sales to close a couple a month (the min. to stay in the short sale business), control all of that paperwork (with the sellers best interest at hand), do all paperwork, internet, and phone communications with the bank, handle titles and escrows (to protect their seller), negotiate with buyers agents, communication with the seller, watch for Notice of Sale and Foreclosure Filings on the property, and do a good job? 

No business properly run is a one man operation. If you are considering a short sale in Nevada, consider it carefully. Get legal advice (good short sale teams have these on call), and choose a Professional team of Realtors that can handle your short sale in addition to the short sales they are already handling. You are not going to be their only client, but you should feel like you are. 

…..and by the way – skip the “I closed 98% of my short sales” language. Short sales have not been around long enough for people to truly know their stats as many are still carrying the same short sales from 2 years ago! – How many were foreclosed? How many changed their minds or were rentals? How many actually closed as a short sale? Get their proven stats in writing (they can get this easily from their local MLS) – You might be surprised! 

– http://www.ShortSaleinNevada.com

Get your FREE Las Vegas Short Sale Kit packed full of vital information pertaining to the Short Sale Process, Nevada Foreclosure, Pros and Cons, Hardship Package Information and more.

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

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    ~ APPROVED FHA SHORT SALE in Nevada. Las Vegas Real Estate Agent with The Ballen Group. ~

    702-604-7739 – http://www.TheBallenGroup.com – Las Vegas Short Sale Specialist Team of Las Vegas Real Estate Agents with Keller Williams Realty Las Vegas

    ~ APPROVED FHA SHORT SALE ~

    Highlights

    • FHA Short Sale

    • *APPROVED*

    • 1580 s/f

    • 3 Bedroom

    • 2 Story

    • 2 Car Garage

    • High Noon-Riverwalk Ranch

    • 2007 Year

    • North Las Vegas 89031

    • Community Features

    • Move In Ready

    • Quick Close!!!!


    4609 Bell Cord Ave #103
    List Price: $82,000
    MLS # 1094059

    Area 103 APPROVED FHA SHORT SALE. CAN CLOSE ANY TIME BUYER IS READY. Great 2 story town home in High Noon Community that features many amenities such as playground & park, pool, walking trails & more.

    4609 Bell Cord

    Click Here for the IDX Detailed View – MLS 1094059

    The Ballen Group
    Richard and Lori Ballen, REALTOR®, Las Vegas Short Sale Specialists
    Keller Williams Realty Las Vegas
    3100 S. Durango #106
    Las Vegas, NV 89117
    702-604-7739

    www.TheBallenGroup.com

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    ~ YOUR NOT ALONE ~ Las Vegas Short Sale Agents are here, we understand, and we can help – ACT NOW

    702.482.7739 – http://www.ShortsaleinNevada.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. If you are looking to buy, feel free to use our Online Nevada MLS search and Property Finder at http://www.ForSaleByBallen.com – It’s FREE and Online NOW.

    HELPING HOMEOWNERS *HARDSHIP * HEALING * HAPPINESS

    Las Vegas Short Sale Specialists – We can help

    •· Do you owe more than your home is worth?

    •·Have you received a notice of default in the mail?

    •·Do you want, need, or are being forced to move?

    •·Did you buy an investment property that you need to unload?

    •·Are you in a divorce situation?

    •·Recently unemployed?

    •·Have you fallen on medical hardship?

    If you answered yes to any of these questions above, you may want to consider a short sale in Las Vegas! Do you need to sell your home, but owe more than it’s worth? You are not alone. Many people are stuck in unaffordable loans, or simply need to move. Our qualified team of Las Vegas Short Sale Specialists (and Henderson too!) can help short sell your home. We handle all bank negotiations so you can move on with your life. Call 702.482.7739 Now. We Can Help. Don’t wait until it’s too late. Act Now. Henderson Short Sales and North Las Vegas Short Sales are in our area too!

    What is a Las Vegas Short Sale?

    A Las Vegas Short Sale occurs anytime the value of the property is less than the amount owed to the lender and the lender agrees to write off the difference. In other words, the homeowner is "upside down" on his loan. Short sales may be forced by a variety of situations: job loss, loss of income, divorce, medical bills, or changing payments on adjustable rate mortgages (ARMs).

    Why would a lender agree to a Las Vegas short sale? Lenders make their own business judgments when accepting or rejecting short sales. Lenders are in the business of making and servicing loans, not taking properties back through foreclosure and reselling them. They want to avoid spending time and money to foreclose, evict borrowers, and resell properties. They want to avoid paying property taxes, insurance, maintenance and repairs. They want to avoid risking theft and vandalism to the property. Before the mortgage lenders will consider a short sale, they need to know financial information about the seller and why the seller cannot pay the loan. The seller will need to submit information to the lender to assist the lender in deciding whether to accept a short sale.

     

    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
    View Listings
    View Blog

    Set up your confidential interview with Keller Williams® today and join the fastest growing real estate company in North America!

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