Las Vegas Foreclosure List - Bank Owned Property, Short Sales, Pre-Foreclosure, Trustee Sale, Free - Never Pay

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Real Estate Agent with Silver State Realty & Investments

Las Vegas Foreclosure Lists - Bank Owned Property, Short Sales, Pre-Foreclosure, Trustee Sale, Free - Never Pay

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Comments (4)

Kacem Benali Bethesda & Rockville REALTOR
Rockville & Bethesda Homes for Sale, I can help sell ur home - Rockville, MD

Great post Damon, short sales are big in Las Vegas i understand...

Rockville Realtor & Real Estate Agent Kacem Benali

Aug 22, 2008 09:30 PM
Patricia Abrams
Pahrump, NV

Hi Damon, good advice. Does a property have to be listed so long before it is eligible for a DIL? A lender told my friend they would not consider it until it had been listed for 6 mos. The property is in Las Vegas

Thanks

Pat in Pahrump

 paabrams@yahoo.com

Aug 24, 2008 07:38 AM
Damon Botticelli
Silver State Realty & Investments - Las Vegas, NV
Realtor - Las Vegas Real Estate

Kacem

Attempting the short sale is big...getting it closed isn't happening as much as we'd like.  I've got a few stats on that here: http://activerain.com/blogsview/615318/Short-Sales-What-s

 

Pat

I haven't heard of the 6 month rule, but my guess is that different banks will have different policies.  For a seller who isn't able to re-negotiate or refinance I would try a short sale first.  Negotiating a deed in lieu of foreclosure would be outside the scope of my services, however I am meeting with a company this week who claims to have an alternative for people in this situation.  It involves them negotiating with the bank to purchase the note at a discount and giving the homeowner both more time and a no-qualify loan.  I'll be sure to post about it after I learn more about the company and their strategy.

Aug 24, 2008 08:09 AM
Mobile Austin Notary
Apostille/Authentication/Embassy Legalization, Notary Public, Loan Signing Agent & Process Server Services - Austin, TX
www.mobileaustinnotary.com

I am just glad there are more options than straight to foreclosure. Smiley

Dec 03, 2008 03:04 AM