Las Vegas/Southern Nevada Short Sales....Are you mis-informed?
UPDATE January 2010- With all the new laws both Federal and State taking place to help homeowners, now is the time to take advantage of those new laws and Short Sale your propertry! It gives you a great solution to your problem, in several cases I have had, it stops all collection activity and it could also keep you in your home longer so that you can prepare to save money for another place to live! Short Sales are the last option before Foreclosure, but it is a great way to get a fresh new start with your life!
Banks are starting to cooperate more with Realtors when dealing with Short Sales. Yes, it will take some time to comlete, but I have NEVER lost a Short Sale once it is with the bank.
"What is a Short Sale?" Well to put it simple, a Short Sale is when the Lender or Mortgage Company allows and agrees to let the seller sell their home below what is currently owed on the loan.
Let's say you owe $300,000.00 to Countrywide Home Loans as an example....We "Short" your home by $50,000.00 less at $250,000.00 due to current market conditions and or what a buyer is willing to pay for your home. The bank takes the loss and you are able to sell your home! As Short Sales go, this is not an EASY solution by any means! It is another TOOL for you the seller to let you sell you home in a market that has dropped in value.
There are many situations that a Short Sale will work for you and there are some situations that it MAY NOT help you. I have been doing Short Sales for a while now and have extensive knowledge and training about doing them. I encourage you to blog me, email me, call me etc. to find out if I can help save you from FORECLOSURE!
*If you are currently working with another Realtor, I cannot discuss and or advise you in your situation. As a professional, I must resepect a contractual agreement. If you get what is called an "Unconditional Release" from that contract, I would be more than happy to talk with you! Until Next time, I look forward to your content! CALL ME TODAY for your free, no obligation personal consultation 702-768-2552. www.lvrealty4sale.com
***BEFORE READING THIS PAGE, PLEASE REMEMBER THAT I AM NOT AN ATTORNEY, NOR CAN I GIVE OUT LEGAL ADVICE. THE FOLLOWING INFORMATION IS PUT TOGETHER SO THAT YOU HAVE A GENERAL IDEA ABOUT SHORT SALES. WITH THE LAWS CHANGING EVER SO QUICKLY, PLEASE SEEK OUT LEGAL AND OR TAX ADVICE FROM TRUE PROFESSIONALS THAT KNOW THEIR FIELD. MY FIELD IS REAL ESTATE AND LISTING YOUR HOME AND THEN HAVING THE BANK DRAW UP A RELEASE LETTER FOR SALE.