Las Vegas Real Estate Team closes another Bank of America Short Sale in Las Vegas, Nevada
01/11/2012

The Ballen Group closes another Bank of America Short Sale in Las Vegas using, The Ballen Method, A Process for Las Vegas Short Sales

Online PR News – 11-January-2012 – – The Ballen Group, a top team of Las Vegas Short Sale Specialists under the brokerage Keller Williams Realty Las Vegas has put together a comprehensive Las Vegas Short Sale system for sellers. Homeowners who are facing Las Vegas foreclosure can request a Las Vegas Short Sale Agent, Henderson Short Sale Agent, or North Las Vegas Short Sale Specialist to 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. Although The Ballen Group never encourages a Las Vegas Short Sale, many homeowners in Las Vegas and surrounding areas are facing true hardships that force them to attempt a Short Sale rather than face Las Vegas Foreclosure.

The Ballen Group just closed a Short Sale with Bank of America for a property on the street: WESTFIELD CIRCLE. There was one Lien Holder, Bank of America. The property was listed for $95,000 and sold for $95,000 where the purchaser had a VA loan and received $2,850 in closing costs from Bank of America in this short sale. The Seller received an approval letter with no deficiency language. An approval was obtained 83 days after the listing and closed 56 days after approval.

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.

Call 702.482.7739 to speak with a Las Vegas Short Sale Specialist and Request your Las Vegas Short Sale Kit.

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.

Richard Ballen, a resident of Las Vegas for 40 years, is a natural born problem solver. Richard has always been in business for himself and holds and extremely high standard of others around him. As a young child Richard picked up magic which required discipline, practice and hard work. This carried over to his real estate career. His work ethic is 2nd to none and this results in accomplished goals for himself and his clients.

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