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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| A Las Vegas Wells Fargo Short Sale in has closed with Award Winning Las Vegas Short Sale Agent Team. 
The Ballen Group just closed a Short Sale with Wells Fargo for a property on the street Slipstream in Las Vegas in the zip code 89139 which is in Paseo at Pinnacle Peaks. The Short Sale had one Lienholder. Therefore this Nevada Short Sale had to be approved with Wells Fargo only. The original list price was $155,000 and it closed at $155,000. This was a conventional loan buyer who did not receive any contributions from the seller or the mortgage companies who held the liens. The Seller did in fact receive $3000 from the Bank through a government program. The deficiency was waived. This short sale took 117 days total from list date to close but only 41 days from the day that short sale approval letter was received.
Many Las Vegas mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in Las Vegas. With the prices of Las Vegas homes decreasing, and the interest rates on previous subprime loans increasing, many Las Vegas home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as The Ballen Group, Short Sale Agents to sell their home and negotiate the sale with the bank.
The Ballen Group is an award winning real estate team in Nevada with Keller Williams Realty Las Vegas and is owned by Lori Ballen Realtor. The Ballen Group consistently ranks in the top 1% of all producing real estate agents in The greater Las Vegas Board of Realtors and is in the top 10 short sale closers in Nevada for 2012.
The Ballen Group | Nevada Short Sale Services | Keller Williams Realty Las Vegas 3100 S. Durango #106, Las Vegas, Nevada 89117 702-482-7739
http://www.TheBallenGroup.com
Las Vegas Short Sales, Henderson Short Sales, North Las Vegas Short Sales Lori Ballen LLC. Realtor |  | The Ballen Group
Office: (702)604-7739
sold@theballengroup.com
www.BallenGroupHomes.com |
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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.