Yearly Archives: 2011

Las Vegas, NV - December 23, 2011 - (RealEstateRama) -- The Ballen Group, Leading short sale agents in Las Vegas at Keller Williams Realty Las Vegas, 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 (Bank of America) accepted a “short” amount on Las Vegas Real Estate, saving the sellers from being another Nevada Foreclosure statistic.

Las Vegas, NV - December 15, 2011 - (RealEstateRama) -- If you’ve been thinking about doing a short sale on your Nevada home, you might want to hurry up. The time is limited for homeowners who want to ensure they aren’t hit with a big tax bill because they had to walk away from a mortgage obligation. The Mortgage Forgiveness Debt Relief Act is set to expire on December 31, 2012.

Las Vegas, NV - December 13, 2011 - (RealEstateRama) -- The Ballen Group, a local team of short sale agents in Nevada, who have been specializing in Nevada Short Sales for several years now, have obtained a very difficult Short Sale Approval Letter from Bank of America. The Short Sale Approval Letter from Bank of America has always included language stating that Bank of America reserved the right to collect the debt (the difference of what the buyer paid for the home and what the seller owed on the loan) from the seller. This letter actually states that the deficiency is being waived. The next paragraph is taken directly from the letter.

LAS VEGAS, NV - December 8, 2011 - (RealEstateRama) -- Voit Real Estate Services has announced that based on the firm’s increasing number of Las Vegas team members, as well as its increasing number of brokerage, property management and asset management assignments in the market, the company has signed a lease for a new 7,667 square-foot regional office at 6385 S. Rainbow Blvd. in Las Vegas.

Las Vegas, NV - December 6, 2011 - (RealEstateRama) -- Mentorship to Success, a program developed by Richard & Lori Ballen, launched today in Las Vegas. The program helps people get their Nevada Real Estate License and in a real estate training program. Richard and Lori Ballen own an award winning real estate team in Nevada. They hold offices at Keller Williams Realty Las Vegas. In their un-relentless search to find talent for their team, especially on the buyer side, they realized something needed to change. Richard and Lori saw a need for in depth training and guidance for those just stepping out of a Nevada Real Estate School. “Real Estate Schools do not give you actual training on doing real estate”, says Lori Ballen. “Real Estate Schools are designed to give you what you need to pass your test and not a whole lot more” says Richard. “Agents need hands on training” finishes Lori.

Las Vegas, NV - November 21, 2011 - (RealEstateRama) -- There was a significant decline in the number of mortgage default notices served on homeowners in the Las Vegas metro area and in Nevada in October, but not because of a sudden recovery in the housing market.

Las Vegas, NV - November 14, 2011 - (RealEstateRama) -- The city is launching an advertising campaign this week to let people know about the free services that are available to residents in fear of losing their homes. A new website, www.freehomeaidnv.org, will connect homeowners with free U.S. Department of Housing and Urban Development-approved counselors who can help them learn more about their options relating to:

WASHINGTON, DC - November 14, 2011 - (RealEstateRama) -- A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOAs) in the Las Vegas area so that the HOAs would direct business to a certain law firm and construction company, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division, Special Agent in Charge Kevin Favreau of the FBI Las Vegas Field Office, Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department and Special Agent in Charge Paul Camacho of the Internal Revenue Service-Criminal Investigation (IRS-CI).

Las Vegas, NV - November 9, 2011 - (RealEstateRama) -- We have all witnessed the Occupy Wall Street demonstrations taking place in New York, and major cities throughout the country. Protesters are pointing their finger at major banking institutions, blaming them for the collapse of our housing market and economy; however, are American banks the source of the real problem?

Las Vegas, NV - November 4, 2011 - (RealEstateRama) -- While short sales minimize damage to your credit versus foreclosure, the fact remains that the goal of every short sale is to walk away without the bank coming after you at some future date down the road. So why are some homeowners asked to pay substantial promissory notes in exchange for a short sale approval, while other homeowners are not asked to pay a promissory note at all? The answer can almost always be found by looking at the experience (or lack of experience) of the Real Estate Agent. There are certain factors which minimize hardship in the eyes of banks and bank Investors, and are essentially short sale deal killers. A Realtor experienced with short sales will be able to explain the banks perception of hardship and how it applies to your particular situation.

Las Vegas, NV - October 31, 2011 - (RealEstateRama) -- In a city like Las Vegas, there are very few absolutes. Always split aces and eights. Never bet more than you can afford to lose and never wise-off to the bouncer. For Las Vegas homeowners considering a short sale, there is one more absolute: The Myers Team is Nevada’s #1 Short Sale Team.

Las Vegas, NV - October 31, 2011 - (RealEstateRama) -- In a city like Las Vegas, there are very few absolutes. Always split aces and eights. Never bet more than you can afford to lose and never wise-off to the bouncer. For Las Vegas homeowners considering a short sale, there is one more absolute: The Myers Team is Nevada's #1 Short Sale Team.

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- A Las Vegas attorney pleaded guilty today for his role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOAs) in the Las Vegas area so that the HOAs would direct business to a certain law firm and construction company, and for his role in a scheme to commit bank fraud, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division, Special Agent in Charge Kevin Favreau of the FBI Las Vegas Field Office, Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department and Special Agent in Charge Paul Camacho of the Internal Revenue Service-Criminal Investigation (IRS-CI).

Las Vegas, NV - October 20, 2011 - (RealEstateRama) -- A short sale transaction is without doubt, the most complicated transaction in residential real estate. Just because a Realtor is experienced, does not mean that he/she is experienced with short sales. Here’s an example which illustrates the importance of hiring the right real estate agent to handle your short sale. If you needed to hire an airplane pilot to fly you across the country, there are literally thousands of licensed and experienced pilots to choose from. Now, let’s take the same example and change the terms. What if the flight was going to be flown over a hostile, enemy country? Would you still want to hire a standard commercial pilot, or would you prefer to fly in an Air Force fighter jet flown by an experienced Top Gun certified pilot armed with the best missles and weapons to d eter an enemy threat?

Las Vegas, NV - October 18, 2011 - (RealEstateRama) -- 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.