Richard Ballen of Coldwell Banker Wardley Real Estate creates Comprehensive Short Sale Package to Streamline The Short Sale Process in Nevada

May 27, 2010

by Richard Ballen

Category: Press Releases || Homeless & Crisis Assistance, Housing & Development, Mortgage | 1 Comment

Richard Ballen, who works magic with Las Vegas Short Sales uses a comprehensive Las Vegas Short sale system for sellers.

Las Vegas, NV – May 27, 2010 – (RealEstateRama) — Homeowners who are facing Las Vegas foreclosure can request that Richard Ballen, A successful Las Vegas Short Sale Agent, Henderson Short Sale Agent, and North Las Vegas Short Sale Specialist consult with them about their needs. In addition, Ballen has created a custom hardship package allowing the homeowner to complete the documents required by the bank to ease the process. Although Richard Ballen, a Coldwell Banker Wardley Realtor, 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.

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 requests the help of a Real Estate agent, such as a Short Sale Specialist of Coldwell Banker Wardley to sell their home and negotiate the sale with the bank.

The real estate brokerage Richard Ballen is licensed with -Coldwell Banker Las Vegas, with locations in Summerlin and Green Valley lists the short sale property the same as they would with any other property. It is marketed on the internet, television, mail outs, magazines and more. The real estate commissions are negotiated with the bank rather than the seller. Coldwell Banker Wardley then receives offers and presents them to the seller. Once an offer is chosen, it is submitted to the bank for approval. The entire process takes 60-120 days on average and could save the homeowner from Las Vegas foreclosure (Terms should be discussed with the seller’s attorney, accountants, credit advisors and any other professionals outside of the general real estate field).

Richard Ballen, who prides himself on his problem solving skills, attends Short Sale Training and classes and stay up to date on bank requirements and policies. Ballen is very successful in marketing & selling Las Vegas, North Las Vegas, and Henderson Short Sales and helps home sellers valley wide. He holds a high standard, and practices professionalism, honesty, and ethical practices at all times. Unethical practices or the “encouragement” to enforce a short sale are not tolerated by Richard.

Richard Ballen, The Wizard of Las Vegas Short Sales, works his magic and get’s the deal done!

Richard Ballen, Las Vegas Shortsale Specialist uses comprehensive Las Vegas Short Sale System for Las Vegas, Henderson, and North Las Vegas Short Sales.

# # #

http://www.RichardBallen.com – 702-604-7739 – sold (at) richardballen (dot) com