The Ballen Group of Coldwell Banker Wardley Las Vegas Real Estate creates comprehensive Las Vegas Short Sale System

The Ballen Group, Las Vegas short Sale Specialists, creates comprehensive Las Vegas Short Sale System for Las Vegas, Henderson, and North Las Vegas Short Sales.

Las Vegas, NV – August 27, 2010 – (RealEstateRama) — The Ballen Group, a top team of Las Vegas Short Sale Specialists under the brokerage Coldwell Banker Wardley Las Vegas Real Estate 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, Coldwell Banker Wardley 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.

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 Specialist of Coldwell Banker Wardley to sell their home and negotiate the sale with the bank.

The Ballen Group and 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. Ballen 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).

Coldwell Banker Wardley encourages its licensed agents and brokers to undergo Short Sale Training and classes and stay up to date on bank requirements and policies. In addition to the licensed agents, Coldwell Banker Wardley provides full time transaction coordinators to help in the short sale process. Coldwell Banker Wardley is very successful in marketing & selling Las Vegas, North Las Vegas, and Henderson Short Sales and helps home sellers valley wide. They hold a high standard for the agents, and practice professionalism, honesty, and ethical practices at all times. Unethical practices or the “encouragement” to enforce a short sale are not tolerated by Wardley. A true hardship is required or the Short Sale is not accepted.

The Ballen Group specializes in Las Vegas Real Estate, Henderson Real Estate, North Las Vegas Real Estate, Short Sales (Pre Foreclosures) and Las Vegas Foreclosures.

702-604-7739 to Buy or Sell Las Vegas Real Estatee Today.

About Lori Ballen
http://www.cbwardley.com/ballengroup – 702-604-7739 The Ballen Group, Las Vegas Nevada Short Sale Specialists. Short Sale Homes Nevada. Providing Services for Anthem, Aliante Real Estate, Desert Shores, Coronado Ranch, Sun City Nevada, The Lakes, Summerlin and much more.