The Ballen Group of Keller Williams Realty Las Vegas closes another Bank of America Short Sale in Las Vegas with a 2nd Mortgage closed with Seterus.
November 12, 2012 (Newswire.com) - The Ballen Group just closed a Short Sale with Bank of America for a property on the street: Weeping Water. There were actually two Lien Holders. Bank of America held the first and Seterus held the second Mortgage. The property was listed for $115,000 and sold for $126,000 where the purchaser had a FHA loan and received $3,780 in closing costs from Bank of America in this short sale. The Seller received an approval letter with no deficiency language on either approval. An approval was obtained 105 days after the listing and closed 62 days after approval. This short sale closed with the original buyer.
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.
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 Agents to sell their home and negotiate the sale with the bank.
Retaining the Services of The Ballen Group, Las Vegas Real Estate Team, entitles one to a network of professional individuals that are committed to helping complete the customers mission. Whether the goal is to buy a dream home in Las Vegas, Invest in Las Vegas Real Estate, or SELL a property in Nevada, The Ballen Group is a team of special forces brought together for a common purpose - to get to the closing table.
Here are the benefits to when deciding to work with The Ballen Group:
Richard and Lori Ballen, Team Owners who are seasoned in both Real Estate and Business. Richard and Lori are passionate about customer service, providing the Wow Factor, and building a team of qualified specialists to best serve the Las Vegas Valley.
Direct Supervision - Team Management which includes leaders in both the home buying division and the home selling division. These Managers are held to a high Standard by Richard and Lori and must continually provide leadership, training, and accountability to the team. These leaders are at YOUR direct disposal and can be contacted whenever you, the consumer, feels it necessary.
Administrative Staff - The Ballen Group does not allow its skilled sales staff to be bogged down by the paperwork. They understand that an excellent Real Estate Agent will not be an excellent administrator, so they allow each to do what they do best. This directly benefits the consumer by freeing up the representative to specialize in negotiations and your admin to dot the I's and cross the T's during the transaction.
Specialized Agent - The Ballen Group is comprised of "niches". Training, Designations, Conferences, and on the job experience is required for agents who specialize in Divisions such as Short Sales.
The Ballen Group, who not only lives by the Golden Rule, understands that the clients number one goal, is Their number one goal. The Ballen Group team is built on honesty, integrity, and ethics but stands on a strong business oriented foundation. Las Vegas Real Estate is not a "job" - It's their business.
Don't just choose a Real Estate Agent - Choose a FORCE - Choose The Ballen Group!
The Ballen Group
3046 S. Durango #100
Las Vegas, NV 89117