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.
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.
Will you become the next Las Vegas foreclosure statistic? – Beware, Las Vegas Foreclosure may be pending. |
Have you missed your first house payment? Your finances have probably been worsened due to an increase in your mortgage payment, job loss or lowered wages, separation or divorce, medical bills, or maybe another reason. Are your credit card limits nearly maxed? Are you breaking out credit cards to fund your groceries? Is it increasingly more difficult to make your monthly bills? If it’s becoming harder to make your house payment each month: Contact a Ballen Group Realtor to Short Sale your Las Vegas Home, or People don’t usually think foreclosure will actually happen. Ignoring it will NOT make it go away. A Typical Foreclosure Process – Note: Timeline varies by state. First month missed payment – you will hear from your lender – You may want to investigate the Short Sale Process – See your accountant, attorney, and/or Realtor about Las Vegas short Sale Options Third month missed payment Your lender will send a Demand Letter or Notice to Accelerate letter detailing how much you are behind, and you must bring your mortgage current within 30 days. If a payment arrangement is not made , your bank will probably begin Nevada foreclosure proceedings. They may not accept less than the full amount at this time. You still have time to communicate with your lender and try to come to a resolution. – A short Sale May Be your Option Fourth month missed payment – You are running out of time. After the 30 day date specified in your letter, if you have not completed the payment in the full amount or worked out arrangements with the bank – your case will be referred to the lender’s attorneys. You will incur all attorney fees as part of your delinquency. Sheriff’s/Public Trustee’s Sale – A Sale date is scheduled. This is the real day of foreclosure. You may receive a notice of the sale date in the mail. A notice will be placed on your door, and the sale may be posted in the local paper. BEFORE this sale date, if you want to stay in your home, you will need to be working on avoiding the foreclosure by making arrangements with your lender, or paying the total amount owed, including attorney fees. Redemption Period – post sale date, there may be a redemption period. You will be notified of the details on the notice that Nevada uses for the Sheriff’s or Trustee’s Sale. Important: If you know arrangements are not going to be made, and would like to unload your oversized mortgage without having a Nevada Foreclosure on your record – Contact Richard Ballen of Coldwell Banker Wardley to discuss Short Sale Help. Richard may be able to negotiate on your behalf to accept a “short” amount on your mortgage payoff. You would still lose your home, but without the Foreclosure nightmare. If the terms are not agreeable to you once the short sale terms are sent from the bank, you may still opt for the foreclosure vs. the short sale. |
FREE LAS VEGAS SHORT SALE KIT
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 (At Desert Inn)
Las Vegas, NV 89117
(702) 604-7739
Las Vegas Short Sale Specialists
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KWLV………The 3D Experience. Determined, Dedicated, Driven @Desert Inn and Durango – Click the link below to find out more about Keller Williams Realty Careers.
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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
The Ballen Group
Las Vegas Short Sale Specialists
3100 S. Durango #106
Las Vegas, NV 89117
(702) 604-7739
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