Short Sale Las Vegas Real Estate Specialists

LISTEN! 1 Out of Every 10 Properties Sold in Las Vegas is a Short Sale.
Start Right Now! The Sooner The Better! Call Now: 1 -888-920-2292

Do You Owe More On Your Home Than It’s Current Market Value?

Are You Behind On Payments And Wish You Could Just Sell?

You Are Not Alone!

ATTENTION: We Are Here to Help You! Stop wasting your valuable time online researching out endless amounts of information. In the end, the process comes down to having the right agent who takes care of all the paperwork and negotiating for you. All you have to do is sign paperwork.
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Foreclosure vs Short Sale: Short Sale WINS! .

Signing away ownership in the manner of a foreclosure can destroys credit, be embarrassing and worse, some times tear families apart.  For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a “short sale.”

A Las Vegas Short Sale Agent deals with this process on a daily basis and can simplify your life in one phone call and meeting.  Do not let this consume your life. The first step is picking up the phone or emailing us. We are not Attorneys and we do not work for the banks. We are licensed agents who represent You.

You Are Going to Be OK!

You have help:  Contact a Las Vegas short sale agent today – 1 -888-920-2292

Ask about you home being featured on the homepage of LasVegasRealEstate.org until it sells.

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What Is A Short Sale?

Contact Us Today so we can start now. Timing is everything on Short Sales – 1 -888-920-2292

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.

Lets Give “Short Sale” a Chance!

The Only Other Option May Mean Foreclosure Which Has a  Long Term Effects.

You Could Try A Las Vegas Short Sale On Your Own!

Why would anyone choose to go thru this alone? The chances of getting thru a Short Sale without an experienced agent is statistically almost impossible. Most who attempt this  this never pick up the phone as they think a Realtor is in the same category as an Attorney or works for the banks. Neither of these are true. Your Real Estate Agent is working on your behalf to negotiate with the banks and complete the process necessary to meet all the requirements to complete the short sale process.

The Real Estate agent only gets paid if the house sell and for the amount normally agreed on by the bank who is cooperating in doing the short sale.

Banks Realize That You Need An Agent To Help Get This Done.

You Can Either Call Us or You Can Call Them!

Here is some basic guidelines if you have gotten this far and have not called us. This should give you some insight of why you may need an agent and why you would want to call us first. Warning! Doing this alone and without an agent who does this day in and day out can be frustrating. It’s recommend you block out the day, get a fresh cup of coffee going and take time out to breathe and take walks.

If You Still Have Not Called Us To Be Your Short Sale Agent…………..

the Lender
You may need to make a half dozen phone calls before you find the person responsible for handling short sales. You do not want to talk to the “real estate short sale” or “work out” department, you want the supervisor’s name, the name of the individual capable of making a decision.

Submit Letter of Authorization
Lenders typically do not want to disclose any of your personal information without written authorization to do so. If you are working with a real estate agent, closing agent, title company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan. The letter should include the following:

Property Address
Loan Reference Number
Your Name
The Date
Your Agent’s Name & Contact Information
Preliminary Net Sheet
This is an estimated closing statement that shows the sales price you expect to receive and all the costs of sale, unpaid loan balances, outstanding payments due and late fees, including real estate commissions, if any. Your closing agent or lawyer should be able to prepare this for you, if you do not know how to calculate any of these fees. If the bottom line shows cash to the seller, you will probably not need a short sale.

Hardship Letter
The sadder, the better. This statement of facts describes how you got into this financial bind and makes a plea to the lender to accept less than full payment. Lenders are not inhumane and can understand if you lost your job, were hospitalized or a truck ran over your entire family, but lenders are not particularly empathetic to situations involving dishonesty or criminal behavior.

Proof of Income and Assets
It is best to be truthful and honest about your financial situation and disclose assets. Lenders will want to know if you have savings accounts, money market accounts, stocks or bonds, negotiable instruments, cash or other real estate or anything of tangible value. Lenders are not in the charity business and often require assurance that the debtor cannot pay back any of the debt that it is forgiving.

Copies of Bank Statements
If your bank statements reflect unaccountable deposits, large cash withdrawals or an unusual number of checks, it’s probably a good idea to explain each of those line items to the lender. In addition, the lender might want you to account for each and every deposit so it can determine whether deposits will continue.

Comparative Market Analysis
Sometimes markets decline and property values fall. If this is part of the reason that you cannot sell your home for enough to pay off the lender, this fact should be substantiated for the lender through a comparative market analysis (CMA). any real estate agent should be able to prepare a CMA for you, which will show prices of similar homes:

Active on the market
Pending sales
Solds from the past six months.
Purchase Agreement & Listing Agreement
When you reach an agreement to sell with a prospective purchaser, the lender will want a copy of the offer, along with a copy of your listing agreement. Be prepared for the lender to renegotiate commissions and to refuse to pay for certain items such as home protection plans or termite inspections.

Now, if everything goes well, the lender will approve your short sale. As part of the negotiation, you might ask that the lender not report adverse credit to the credit reporting agencies, but realize that the lender is under no obligation to accommodate this request. Credit report status is not always negotiable.

We Are Still Here for You – Call: 1 -888-920-2292