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Las Vegas Short Sale

Las Vegas Short Sales

Facing foreclosure? Under Water? Can’t keep up with mortgages?
Need a good alternative to having to walk away from home?


 

Ask me about HAFA and see if you qualify to be fully released from future liability for the first mortgage debt

As I am sure you are aware, the values of the Las Vegas properties were blown out of proportion at the time of Real Estate Boom.

If you purchased a property during this time you are most likely considerably upside down and may be seeking options;

If you are struggling with your property and would like it sold, however can not afford to pay out the difference, you should strongly consider a short sale opposed to letting them foreclose. Some of the banks have adjusted the values to get these units out of their books, and we can assist you in the process.

We have a team of experts, and we will go out of our way to resolve this burden if you give us the chance.

We have successfully approved Short Sales since 2004

CALL NOW! 702 499 0011 to find out what we can do for you or how such a program would work.

How a Short Sale Can Help You?

A successfully approved short sale can be a blessing.

The usual alternative is foreclosure- and it’s nothing you want to have happen to you.

What’s so wrong with foreclosure?

As Robert Irwin wrote :” Think of elephants. The old adage is that an elephant never forgets- it has a terrific memory. Injure an elephant in its youth, and, according to those who should know, if will remember you with animosity its entire life. Lenders are something like that when it comes to foreclosure.”

When you lose your property to foreclosure, it is always reported to three major credit agencies (Experian, TransUnit and Equifax) and remains on your credit report at least 7 to 10 years. When trying to obtain a new loan you will have to answer YES to questions C in Section VIII of the standard loan application that asks :”Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 YEARS?’ As of now, there is no questions related to a Short Sale.

A Successful Short Sale Story

“Hello Ksenia,

Thanks again for all of your efforts. I have copy and pasted the update to my credit report as shown below. We can only hope to be able to do that with our “…”Florida condo as well. Feel free to use us as a reference and to copy and paste that credit update as you wish.

Thanks again,

Craig

The following changes were reported for your EMC MORTGAGE account:-
Account Status Changed from At least 120 days or more than for payments past due to Pays account as agreed
Balance Amount Changed from $245,015 to $0
Comments on your account changed from Foreclosure process started , Real estate mortgage to Settlement accepted on this account , Closed or Paid Account/Zero Balance , Pd/Closed”

May, 2010

Would like to see more Successful Short Sale stories? Right this way, please>>

Short Sale Steps

 

 

 

Here is an outline of how the Short Sale process is carried out:

First many banks are requiring your property be listed for at list 30 to 60 days before they will consider a short sale, we will make sure your property goes on the MLS immediately.

After the first 15 days we will adjust the price weekly until we get offers, thus establishing a market value, backed by multiple offers.

We will choose the highest and best offer together and submit this to the bank along with a short sale package (basic financial info, hardship letter)

Our Short Sale department will complete your short sale package and start negotiations with your bank.

  • What we do for you:
    • Preparation of the short sale package and ensure all documents are complete/signed/dated
    • Send the completed package to all institutional lien holders
    • Confirm the complete file was received and uploaded to their system
    • Follow-up with the lenders on a DAILY basis to confirm:
      • The file was received in full and has been uploaded to their system in a timely matter.
      • the file has been assigned to a negotiator/processor
      • The lender representative orders the BPO/appraiser
      • follow up once the value has come back and negotiate the terms of the transactions with all lien holders.
  • We are willing and able to solve complicated problems that may arise during the transaction.
  • We stay with your file daily until the lender feedback has become final and short sale approval letters have been received.
  • Because the banks are open on Saturdays we also work on your files on Saturdays.

Find a happy medium for the bank to be satisfied with your loan for today’s market value.

Get approved and move to sell your property

Please feel free to contact me 702-499-0011 if you have any questions regarding the short sale process.

Search Las Vegas short sale listings

Looking for Las Vegas short sales or foreclosures just call us 702-499-0011 If you are on the lookout for realtor services that will help you sell or buy Las Vegas real estate at the best possible rates, we are at your service. From purchase to sale, we are experts in matters of Las Vegas real estate. We offer services that will personally cater to your every demand, need and requirement and ensure your fullest satisfaction. For us, customer is top priority. We will handle every transactional detail with a ‘white glove’ approach and deliver a reliable, efficient service of excellent quality. Are you tired of searching for your Las Vegas real estate property? Is your Las Vegas dream home still eluding you despite all your efforts and hours of search? Don’t worry we are here to help you find the best Las Vegas real estate property that meets your requirements to the last detail.

Our company has the necessary expertise, experience and dedicated team to help with real estate transaction from A-Z, be it finding the best properties that fit your criteria, negotiating the terms and providing you with the highest level of service every step of the way.