Home > Blogs > Tony Sena > Henderson Real Estate Blog

Short Sales in Las Vegas

By Tony Sena

Real Estate Broker/Owner with Shelter Realty, Inc

November 11, 2008 04:03 PM

According to the Greater Las Vegas Association of Realtors, over 30% of homes for sale are Short Sales. A successful short sale is where the Lender/Bank agrees to take less than what is owed. The homeowner usually has to show some type of hardship in order to get approved to do a short sale....

To read the entire article, click on the link below:

Short Sales in Las Vegas

______________________

For all your Short Sale Questions, visit us on the Short Sales Blog!!!

Comments(3)

Comment

Show All Comments

Sort:

Lynn Krogseng

Keller Williams Premier Partners - Vancouver, WA

That is a lot of short sales! In Vancouver, WA we are approaching about 20% (by my count through MLS). I hope we're about done!

Nov 11, 2008 04:16 PM

Tony Sena

Shelter Realty, Inc - Henderson, NV

Broker/Property Manager

Lynn, I don't think we will be done for quite some time because home prices have dropped so significantly, at least in Las Vegas. Anyone that bought their home between 2003-2006 in Las Vegas will be forced to sell their home as a short sale if they decide to sell.

Nov 11, 2008 05:10 PM

Fernando Herboso - Associate Broker MD, & VA

Maxus Realty Group of Samson Properties - Clarksburg, MD

301-246-0001 Serving Maryland, DC and Northern VA

I believe the number will be greater in 2010

Nov 20, 2008 01:39 PM

Short Sales in Las Vegas

Comments(3)

Tony Sena

Recent Posts

Additional Information