If you are behind on home payments, this may be your answer!

You May Have Equity in Your Home

If you are behind on your home payments, you may have a way out.  According to Inman News, in cities like Las Vegas, property values have risen so much in the past 12 months that many homeowners actually have equity in homes and may not even realize it.  In many cases, that amount of equity is enough to cover  the past payments and might even leave some extra money over for the distraught homeowner.

One Happy Las Vegas Home Seller

Our team in Las Vegas, experienced this first hand with a client that had tried to do a Loan Modification with a major bank last year.  The bank agreed to a trial modification after the homeowner had lost her job.  When she subsequently got a new job some months later and tried to start paying off what she owed, the bank would not even accept her payments.  Instead they tried to push her to do a re-finance as that was her "only option".  The rates were not very favorable and she was very discouraged.

When she came to us, we quickly realized that thanks to a rise in property values, she had a large amount of equity in her home.  Once she signed the listing paperwork, we took over the negotiations with the bank and just asked them to send us a 'payoff demand'.  

Her home was then put on the market and we had multiple offers in 5 days.  The house closed with an all cash buyer in less then thirty days.  She was able off the bank all that she owned and still walked with over $40,000 in her pocket!   The best part is that her credit score took no more negative hits.

How Much is My Las Vegas Home Worth?

If you are looking to sell your Las Vegas Home, we can help.  We can also answer your questions if your curious about your Las Vegas Home Value.  Wouldn't it be great to tell the bank, "no thanks" to their threats?

Also, if you find that you are still underwater, you still have the option to Short Sale your Las Vegas Home.

Once you see that you have a way out of your current home, you can then start thinking about picking future neighbors!  We just might have the answers you have been looking for.  Give our team a call at 702-487-0000 so that we can start working with you to find a solution today!