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Short Sales in 2015 | What You Need To Know

By
Real Estate Agent with Simply Vegas Real Estate

Las Vegas, Nevada – After the housing market crash of 2008, many Nevada homeowners attempted to do loan modifications to stay in their homes.  While these loan modifications offered homeowners some temporary relief by reducing the monthly mortgage payment, many of these modifications were not permanent.  They were called “trial modifications.”  The typical trial modification payment dropped for a year or more, however, most have adjusted back to the original payment. (Or higher) 

Additionally, there are many homeowners who did not qualify for a trial modification and simply stopped making their mortgage payments.  Some have been living “rent free” for years, taking advantage of the bank not foreclosing due to the banks inability to produce the original loan documents thereby having an insufficient paper trail. 

If you are in one of the above situations, and can no longer afford your monthly mortgage payment, you should consider a short sale.

A recent report named The Myers Team the #1 Short Sale Realtors in Nevada.  According to the report, The Myers Team with Simply Vegas Real Estate has negotiated more short sale approvals and closed more short sale transactions than any non-lawyer affiliated Realtor or Broker in Las Vegas. 

Additionally, the Myers Team are licensed to handle short sales with Bank of America, Wells Fargo, Citibank, Nationstar, Chase, US Bank, Greentree in addition to hundreds of other banks. 

The Myers Team is nationally recognized as one of the most influential figures in Real Estate today.  According to Myers Team owner, Bill Myers, “Surrendering a home worth half of what you owe is NOT a failure, it's a business decision.  A short sale is an opportunity for you and your family to take control and walk away free and clear. Nobody wants to lose their home; however, loan modification doesn’t work and there is no need to go down with a sinking ship.  Homeowners need to know when to say enough is enough.”

How do you choose the right person to short sell your home?  Should you hire the company with the most billboards around town, or the person with the most commercials on the radio or TV?  Wouldn't it make more sense to choose the Real Estate team who has successfully closed the most short sale transactions in Las Vegas? 

In the Las Vegas housing market, many Realtors and Attorneys are calling themselves short sale experts; however, what criterion constitutes an expert?  A Realtor in Las Vegas can become a “Certified Short Sale Expert” by attending a one day class at the Board of Real Estate.  The ability to be called an expert in any field should be based upon performance and consistent results; not based upon attending an afternoon seminar.” Myers added, “This would be the same as declaring yourself a ‘home run expert’ after attending a one-day baseball class yet never picking up a bat or actually hitting a ball.”  The Myers Team has continually broken sales records, and when it comes to short sale transactions, they are considered by most experts to be industry leaders.

Bill and Francoise Myers have helped hundreds of Las Vegas families avoid foreclosure.  Myers said, “Sellers facing foreclosure must remember that banks are not looking out for you or your family.  When you work with The Myers Team, our job is to get between you and the bank.  We represent our clients, NOT the banks.  It is our job to negotiate the best possible outcome. 

Visit The Myers Team web site at http://www.NevadaShortSaleInfo.com          

 

Also visit http://www.LasVegasList4Less.com

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