The Ballen Group closes A Wells Fargo Short Sale Las Vegas using, The Ballen Method to short sales. Award Winning Short Sale Agent Team closes Nevada Short Sales.
Online PR News – 01-July-2012 – Las Vegas/Nevada – The Ballen Group just closed a Short Sale with Wells Fargo for a property on the street Horizon Ridge in Henderson, Nevada which is just outside of Las Vegas.
The short sale had two lien holders. Therefore this Nevada short sale had to be approved with both Wells Fargo and PNC. The original list price was $84,045 and it closed at $80,000. This was a cash buyer who did not receive any contributions from the seller or the mortgage companies who held the liens. The PNC deficiency was waived. This short sale took 428 days total from list date to close but only 12 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 Las Vegas 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
las vegas short sales, Henderson Short Sales, North Las Vegas Short Sales
Lori Ballen LLC. Realtor