|
Las Vegas Short Sale Specialists |
|
|
|
Do you want 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. We can help you short sell your home. We handle all bank negotiations so you can move on with your life. Call 702.604.7739 Now! We Can Help. Don't wait until it's too late. Act Now. |
Short Sales & Pre Foreclosures |
|
|
|
A 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.
The Ballen Group of Coldwell Banker Wardley is highly successful with Las Vegas short sales mainly because of the systems put in place and constant daily efforts put into the transactions in an effort to get them to close. An emphasis is placed on weekly updates to keep all parties informed. Keeping the buyer and buyers agent constantly aware of new information helps to keep them patiently waiting (as patiently as possible that is.). The information provided on this website should not be taken as legal advice. The Ballen Group does not contain any licensed attorneys. Please consult legal advice, accounting advice, and mortgage advice from licensed & able professionals in each field. |
Comments(0)