Las Vegas, NV, July 26, 2012 --(PR.com
)-- The Ballen Group, a Las Vegas Short Sale Specialist Team, known for their Las Vegas Real Estate experience in Short Sales, has just closed another Short Sale in Nevada. Using their comprehensive Short Sale System, The Ballen Group is able to handle a large volume of short sales and accomplish the goal at hand, to close the short sale.
The property, located on Buffalo, had two Liens (Mortgage Loan and Home Equity Line of Credit), both with Wells Fargo. The Original List price was $58,000 but it eventually closed at $80,000 based on bank requirements to settle the mortgage. The buyer paid cash and did not ask for any contributions. This property was on the market for a total of 264 days but closed 8 days after approval. The deficiency was waived and the seller will not have to worry about paying additional funds to the bank.
"There are no promises or guarantees in a Las Vegas short sale whether the lender(s) will approve the short sale or forgive the debt, but Short Sales offer an alternative to the damaging effects of a Nevada foreclosure," says Richard Ballen, Co-Owner of Ballen Group International. "A short sale is a complicated process for all parties involved. There are so many details involved (more than what the average homeowner is aware of). Make sure to consult a Las Vegas Short Sale Specialist with a proven history of success with short sales like The Ballen Group."
Ballen uses a comprehensive Las Vegas Short sale system for sellers also known as The Ballen Method (www.TheBallenMethod.com). Homeowners who are facing Las Vegas foreclosure can request that The Ballen Group, consult with them about their needs. In addition, The Ballen Group has created a custom hardship package allowing the homeowner to complete the documents required by the bank to ease the process.
"It takes more than an agent to properly work short sales. It takes a Team," says Lori Ballen, Leader of The Ballen Group. "We have surrounded ourselves with talent from our administrative staff and Listing Managers to our processors and escrow. We want a lot of eyes on the transaction so it keeps moving down the timeline. Our short sale team is skilled, experienced, determined, and driven. They get the deal done."
Short sales are an alternative to a foreclosure. When the borrower can no longer make the mortgage payments as agreed, he is faced with many decisions. One is to allow the lender to foreclose. Another is to get the lender to agree to accept a payoff of less than the balance owing on the loan. To understand short sales, one must first understand foreclosures.
Call 702-482-7739 for Short Sale Help Now
The Ballen Group, also known as "The Dream Team" is a group of experienced and skilled real estate agents specializing in distressed properties under the direction of Richard and Lori Ballen at Keller Williams Realty Las Vegas along with their Lead Listing Specialist Jeff Howard supported by Listing Managers Erin Camp and Tom Wirt.