Richard Ballen, a Las Vegas Realtor specializing in Short Sales in Nevada stops a Nevada Foreclosure. Another successfully closed Wachovia Short Sale in Nevada. TOTAL DAYS 53 LIST TO CLOSE IN ADDITION TO $5000 TO SELLER!
Online PR News – 29-October-2010 – – Richard Ballen Realtor, Lead Listing Agent for The Ballen Group - Las Vegas Short Sale Specialists - has solved another short sale problem for a Nevada Homeowner facing foreclosure. The Ballen Group, specializing in Las Vegas Short Sales, Henderson Short Sales, and North Las Vegas Short Sales, has successfully negotiated and closed a short sale transaction where a lender ( Wachovia )accepted a “short” amount on Las Vegas Real Estate, saving the sellers from being another Nevada Foreclosure statistic.
The property was in default and the homeowner was facing Foreclosure in Nevada. After many negotiations with the bank with no solutions, the home owners contacted The Ballen Group to negotiate a Las Vegas short sale on their behalf. The process was not easy, but with the strong negotiating powers, problem solving and a comprehensive marketing process, Ballen achieved the difficult approval to close the home. As with all Las Vegas short sale approvals, there must be a ready & willing buyer to purchase the home at what the bank considers “fair market value” based on their appraisers values. The seller opted to short sale their home rather than allow a Las Vegas Foreclosure in hopes of having a better credit score and the ability to purchase Las Vegas Real Estate again in approximately 2 years. The great news here is that the entire Nevada Shortsale Process only took a total of 53 days to close - Start to Finish.
Sometimes, to avoid going through the costs of foreclosure, a bank will sanction a short sale by allowing a Buyer to purchase the home for less than the mortgage balance while the home is in pre-foreclosure stage. Pre-foreclosure state is the first of the three stages of foreclosures. Nevada Homeowners, who have either a Wachovia, World Savings or Golden West loan that is in danger of Nevada foreclosure, can be a candidate for the FAST TRACK Wachovia Short Sale Program in Nevada. The new FAST TRACK program is quick and easy! First, we will place your home on the Nevada Real Estate market with the proper exposure to place you in the best Nevada Short selling position. Next, we will put you in touch with the local Short Sale Manager assigned to your local area.
Delinquency not required. Verbal income and asset verification. No Deficiency liability against seller upon approval. Foreclosure process MAY BE STOPPED with valid buyer offer. Borrower can receive $2,500 for relocation assistance. Wachovia will also evaluate you for participation in the HAFA program. HAFA is the new set of short sale guidelines put out by Treasury Department which speeds up the short sale processing for certain types of loans- only applies to primary residences and homes which are not owned or guaranteed by FHA, Fannie Mae, Freddie Mac or VA.
Many are closing in 45 days or less with approval. (Loan must be a “proprietary loan”. Wachovia is the note holder not purely the servicer of your loan)
Richard Ballen, The Wizard of Las Vegas Short Sales, works his magic and get's the deal done! The Ballen Group - Las Vegas Short Sale Specialists of Nevada. Getting Results.