The Ballen Group just closed a Short Sale with Wells Fargo for a property on the street: CAPE VERDE in Las Vegas Nevada. There were two Lien Holders, AHSMI, and Wells Fargo which was a HELOC. The property was originally listed for $198,969 and sold for $150,000 cash with no closing costs or contributions from the bank. It took 53 days from accepted offer to approval and the seller was waived of any deficiency pursuit.
Many Las Vegas mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in Las Vegas. With the prices of Las Vegas homes decreasing, and the interest rates on previous subprime loans increasing, many Las Vegas home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as The Ballen Group, Las Vegas Short Sale Agents to sell their home and negotiate the sale with the bank.
http://www.youtube.com/watch?v=loUjxadyeM4
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
803 NEATH AV Las Vegas NV 89178, MLS # 1146253, Short Sale, Keller Williams Realty
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
2005 CANYON BREEZE DR, Las Vegas, NV 89134, A Summerlin Short Sale in Las Vegas, NV
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
6365 KELL LN Las Vegas NV 89156, MLS # 1083850, Keller Williams
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
A QUICK STORY ABOUT A GIRL AND HER PET
Tabitha and her Hermit Crab Sebastian
My 8 year Tabitha got two hermit crabs from her 19 year old sister Sabrina for Christmas. She was SO Excited! She took very good care of her hermit crabs for several weeks, paid special attention to their needs to be fed and misted, and kept their cage very clean. She posted videos on her youtube channel of Sebastian and Shelby's day time races.
One day, Tabitha came into my room while I was getting ready for work and exclaimed in horror, "Mom, Sebastian is Dead!" - Although she tried VERY hard to be brave, and fight back tears, it was no use. She crumbled onto the floor behind her bedroom door quietly sobbing and working diligently to wipe away tears before anyone could see her. Tabitha is a very brave, strong little girl.
Daddy came in and scooped poor Sebastian off the floor of the cage minus his shell and placed him in a box. He hugged Tabitha and told her that they would bury him when they got home from school.
I got a phone call at the office at about 4PM. Tabitha and my husband had come home from school and were planning on taking Sebastian to the park to bury him. Tabitha picked up his old shell and saw something move, my husband told me on the call. Sebastian was NOT DEAD. He had simply shed his old skin (molted) and found a larger, more comfortable shell that would allow him to grow! Obviously my daughter Tabitha was overjoyed. "Mommy", she said when I got home. "Sebastian would have died if I did not have just the right shell there for him to move into", to which I replied "Everyone needs the right kind of shell"
THAT got me thinking. I recently made a career move. I had been in a very small "shell" that did not support my growth. I did not even realize how much my growth was stunted and how little room I had to move. I was running out of time and had no idea. Since my move to a "larger shell", my real estate team has grown from 2 members to 12 members with 4 trainees stepping in soon and award winning production.
What size is YOUR shell? If you would like more information about your growth opportunities with The Ballen Group or as an agent with Keller Williams Realty Las Vegas, Give us a Quick Shout!
Everyone needs the Right Size Shell! Go out and get yours!
~ Lori Ballen
"THE DREAM TEAM" ~ 12 and Counting! Lori Ballen - CEO & Director of Marketing Richard Ballen - CEO/Trainer - www.BallenUniversity.com Greg Duffield - Lead Buyer Specialist Jeff Howard - Lead Listing Specialist Sheli Miller - Salute Military Housing Division Leader Tom Wirt - Listing Manager/Buyers Agent Erin Camp - Listing Manager Sandy Vong - TC James Johnson - Buyers Agent Carrie Cobb - Buyers Agent Mike Cobb - Buyers Agent Roger McManus - Buyers Agent
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
~ 9751 Bonanza Creek, A Short Sale Listing in Nevada ~ 4 BR by Keller Williams Realty Las Vegas
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
Considering a Short Sale?
YOU MAY BE ENTITLED TO $1000 CASH BACK ON YOUR NEVADA SHORT SALE!!!!Lately, FHA short sales are a great process. A very specific process has been established by HUD (Department of Housing and Urban Development) that is required to be followed when doing an FHA short sale. This causes the lenders to adhere to specific steps and moves the process along much easier.
Think you might qualify? Would you like to discuss other mortgages and options for your short sale in Nevada? Would you like to speak with an attorney for FREE to discuss your options in regards to doing a Las Vegas Short Sale vs. A Nevada foreclosure? 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. CALL 702-482-7739 TO SPEAK WITH A SHORT SALE AGENT TODAY - http://www.TheBallenMethod.com
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
What Does Short Sale Mean? Buying Short Sales: What You Need to KnowAs the Las Vegas real estate market remains volatile, one of the best options for many new homebuyers is purchasing a short sale home. But, what does short sale mean? A short sale is when lenders have the opportunity to sell a property before the bank forecloses on the home rather than after. While buying short sales creates the opportunity for real estate investors to pay well-below-average housing prices for properties within ideal locations, there are still drawbacks. If you're interested in buying short sales in Nevada, here are a few things you need to be aware of: Why Banks Short Sale Pre-Foreclosure Homes
The last thing a bank wants to do is own a property secured by the bank's loans. When a property owner is in default and owes more than what the home is currently worth, the bank will work with the seller to offer the property for less than they owe on the mortgage loan. How much money will banks take off? When buying Las Vegas short sales, how much should I expect prices to fluctuate? On average, banks estimate that holding on to the property after foreclosure will cost up to 18 percent of the home value to complete the inspection, appraisals, repair and maintenance. Instead, it is a much easier and financially sound decision for banks to sell the home ôas isö to avoid any third-party inspection process. The Negative Side of Buying Short SalesBuying short sales might seem like a good deal for the buyer, but that's not always the case. Here are three major conflicts buyers and sellers face when a short sale, pre-foreclosed home is on the market:
Short sale homes are the real estate market's diamond in the rough. It's true that buying short sales can be a very tricky process, but for the flexible and patient homebuyer, the short sale home can be the dream house they've been searching for.
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The Mission Statement: - To make the buying and selling of real estate as convenient, most cost effective, and time efficient as possible while maintaining a professional and ethical business. To set a positive example and be leaders amongst the Real Estate Community. To continually explore new ideas and technology in order to always remain aware of the ever changing market. To constantly go above and beyond or client’s expectations providing the Wow Factor in everything we do.
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The Ballen Group - Las Vegas Real Estate Team Keller Williams Realty Las Vegas Address: 3090 S. Durango #100, Las Vegas, NV, 89117 Office Phone: (702) 482-7739 Cell Phone: (702) 604-7739 ;) Listings;) Links;) Archives
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