702-604-7739 - http://www.TheBallenGroup.com - Short Sale Nevada with The Ballen Group of Keller Williams Realty Las Vegas, Las Vegas Short Sale Specialists offering you a daily dose of short Sale Homes in Nevada, Short Sale Service Information, Short Sale Laws, The Foreclosure Process in Nevada, Short Sale VS. Foreclosure and More.
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702-482-7739 to talk to a Las Vegas Short Sale Specialist today. The Ballen Group, Las Vegas Short Sale Agents with Keller Williams Realty Las Vegas can be found at http://www.TheBallenGroup.com
Headlines today are filled with stories about Nevada homeowners in financial distress—people who face a lender’s foreclosure on their home.Millions of American home owners are wondering what to do. Like most crises, this one has produced its share of rumors and misinformation. One of the biggest ones is “just l let it happen." Why fight back, this line of thinking goes. It’s too emotionally draining, and the government’s loan modifications aren’t helping many people. Well, that’s only partly true. While government loan modification programs have fallen short of the mark so far, there is another solid, sensible option for homeowners. It’s called a short sale— a sale to a buyer where the seller’s lender agrees to accept less than the full amount owned.
Why not be foreclosed? Why sell short? Agents who have closed hundreds of these transactions provide this list of reasons:
These are the top reasons, but there are more. An expert short sale specialist agent can give a full picture of the options.
- Avoid the foreclosure stigma – Homeowners will always have to disclose that they had a foreclosure on any mortgage application and (many job applications) that they submit in the future. This can have an adverse affect on their future mortgage rates. Foreclosure is asked about specifically in credit inquiries. There is no seven-year time limit on this item.
- Protect credit score – Credit scores will be lowered by 300-plus points (per loan) by foreclosure. The impact of a short sale—about half that much.
- Improve eligibility for a government insured loan – The homeowner will be ineligible for a government insured loan for 5-7 years (only two years in a short sale). A foreclosure is the one credit report item that is almost impossible to have repaired.
- Avoid a deficiency judgment – Lenders can seek a deficiency judgment against the homeowner and collect any amount they do not recover at sale.
- Protect employment prospects – Many employers run credit checks on prospective employees. Foreclosure is one of the top items that will put a potential new hire, or even current employment, in jeopardy.
Las Vegas Short Sale Specialist, Nevada Short Sale Agent, Las Vegas Real Estate Agent, Short Sale Homes in Nevada
- Location: 702-482-7739
- it's NOT ok to contact this poster with services or other commercial interests
- License info: Las Vegas Short Sale Agent - Richard BALLEN Wekerle Realtor
About The Ballen Group .
Lori Ballen and her husband Richard Ballen manage a top producing Las Vegas Real Estate Team at Keller Williams Realty Las Vegas on DI and Durango with Debbie Zois and Dave Jenks. As Las Vegas Short Sale Specialists, Lori and her team focus on distressed properties and residential real estate in Nevada.
Lori Ballen is a Mega Agent managing her team called The Ballen Group at Keller Williams Realty Las Vegas. Working with her 10 member team which includes her husband Richard, Lori has created a model for success. Using Gary Keller's Models, she never takes the pedal off lead generation which includes dominating search engines, working the database, managing he team web site, running daily ads, and staying on top of the most innovative marketing strategies such as her use of video. Using these tactics, The Ballen's earned awards in their short career such as rookies of the year AND top agents in the company their first year and many more top achievements in the years to follow.
The Ballen Group is an award winning team specializing in Distressed properties - specifically Las Vegas Short Sales as well as residential real estate in Las Vegas, North Las Vegas, and Henderson.