Las Vegas Short Sale Specialists – We Can Help with your Sale in Nevada

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]]> http://teamcoldwell.wordpress.com/2010/09/15/wow-las-vegas-short-sale-specialist-offers-2816-sf-5-br-174900-short-sale-in-nevada/feed/ 0 The Ballen Group Las Vegas Short Sale Specialists The Ballen Group http://teamcoldwell.wordpress.com/2010/09/15/henderson-short-sale-specialists-at-702-482-7739-stop-nevada-foreclosure-and-close-short-sales-in-nv/ http://teamcoldwell.wordpress.com/2010/09/15/henderson-short-sale-specialists-at-702-482-7739-stop-nevada-foreclosure-and-close-short-sales-in-nv/#comments Wed, 15 Sep 2010 19:19:41 +0000 The Ballen Group http://teamcoldwell.wordpress.com/?p=57 ]]> Henderson Nevada Short Sale Specialists -http://www.ShortSaleinNevada.com – 702-482-7739 – Need to sell your Henderson Real Estate – but owe more than your property is worth? Your Henderson Nevada Short Sale Specialists.

With one of the highest success rates in closing Henderson Short Sales,The Ballen Group is on your side. Lori and her hand picked, expert trained short sale agents can STOP Nevada Foreclosure.

Visit http://www.ShortSaleInNevada.com or Call 702-482-7739 to sell your Henderson property today.

► ► ► YOUR FREE SHORT SALE KIT IS HERE

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Please login to View Address Las Vegas, NV 89131 >> Please login to Map Address $449,900 >> mortgage calculator bed/bath: 5/4 sq. ft.: 4677 Tools >> save this listing contact this agent request a showing >> email listing

OVERVIEW:
Property Type:	SFR - Short Sale
Status:	Contingent
Subdivision:	Steeplechase-phase 1
Style:	2 Story
Construction:	Frame & Stucco
Year Built:	2003
Square Feet:	4677
Lot Square Feet:	19166
Fence:	Fully Fenced, Block
Landscape:	Front Lawn, Rear Lawn, Mature Landscaping
Roofing:	Tile
Garage Description:	2 Car, Attached Garage
Heating Fuel:	Natural Gas
Heating:	2 Or More Units, Two Or More Units
Cooling:	Electric
Water:	Public
Sewer:	Public Sewer To Property
Utilities Available:	Underground Utilities
Acres:	0.44
FEATURES:
Association/Community Features:	CC&Rs, Gated Community
Interior Features:	Alarm System – Leased, Blinds, Ceiling Fans(s), Intercom System
Exterior Features:	Balcony, Built-In Barbecue, Patio
House Faces:	Mountain View
Pool Description:	Heated Pool, Pool/Spa Combo, Waterfall
Flooring:	Carpeting Throughout, Marble/Stone
Appliances:	Microwave, Gas Cooktop, Gas Stove
Number of Fireplaces:	2
Fireplace Description:	Gas Fireplace
Energy Features:	Low E Windows
ROOM INFO:
Kitchen:	Granite Countertop, Island, Recessed Lighting
Living Room:	Formal
Master Bed/Bath:	Double Sink, Tub Only, Tub With Jets, Shower Only, Sitting Room, Upstairs, Upstairs, Walk-In Closet(s)
Bedrooms:	5
Total Full Baths:	3
Total 1/2 Baths:	1
Dining Room:	Formal Dining Room
Family Room:	Downstairs, Wet Bar In Family Room
ROOM SIZES:
Room Approx. Size – Description Master Bedroom: 26 X 16 Bedroom 2: 13 X 12 Bedroom 3: 13 X 11 Bedroom 4: 13 X 11 Bedroom 5: 13 X 11 Dining Room: 13 X 13 Family Room: 31 X 23 Living Room: 20 X 12
SCHOOLS:
Elementary School:	Heckethorn, Howard E.
Jr. High School:	Saville, Anthony
High School:	Shadow Ridge HS
FINANCIAL:
Listing Price:	$449,900

Property Details for Listing #1022280 Print this Listing

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Listing Courtesy of Coldwell Banker Wardley Re Richard Wekerle, Agent The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Keller Williams Realty Las Vegas are marked with the IDX logo. Information being provided is for the consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR deems information reliable but not guaranteed. Copyright 2010 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved. For additional information, contact Lori Ballen – Wekerle Phone: 702-604-7739 Mobile Phone: 702-604-7739 Fax: 702-212-2223 Inquire about this Listing

The Obama administration will give $3,000 for moving expenses to homeowners who complete such a sale — known as a short sale — or agree to turn over the deed of the property to the lender. It’s designed for homeowners who are in financial trouble but don’t qualify for the administration’s $75 billion mortgage modification program.

Owners will still lose their homes, but a short sale or deed in lieu of foreclosure doesn’t hurt a borrower’s credit score for as much time as a foreclosure. For lenders, a home usually fetches more money in a short sale than a foreclosure. And the bank avoids expensive legal bills, cleanup fees and maintenance costs that follow a foreclosure.

“It’s very traumatic and embarrassing and frustrating to go through a foreclosure,” said Laurie Maggiano, policy director of the Treasury Department’s homeownership preservation office. With a short sale, she said, “your financial issues are your own problem and not neighborhood conversation.”

Falling home prices and lost jobs have forced many sellers into this position. For example, in Orange County, Calif., short sales made up about 26 percent of the market in March, compared with 17 percent a year earlier, according to data complied by Altera Real Estate, a local brokerage. In the Minneapolis-St. Paul metro area, about 12 percent of all deals since October were short sales, up from about 8 percent a year earlier, according to the Minneapolis Area Association of Realtors.

The expanded incentives will help accelerate short sales, said Mark Zandi, chief economist at Moody’s Analytics. He expects 350,000 homeowners nationwide to use the program through the end of 2012, more than double his earlier forecast.

A short sale appears to be the only way out for Brandee Chambers, 36, of Las Vegas. She got into trouble during the housing boom by taking out a risky loan against her home and using the money to buy two investment properties in Phoenix.

She later lost those two properties to foreclosure, and now she is trying to sell the home she lives in for $209,000, but the mortgage balance is $350,000.

Chambers, who owns two hair salons, says she would rather stay in her home, where she lives with her 14-year old son. But she had no luck getting help with her loan. She said she’s resigned to scaling back her lifestyle and renting out an apartment.

“I’ve had to accept a lot in the last year,” she says.

For buyers, though, short sales can be a great opportunity.

Marco Cappelli, 49, a winemaker from Northern California, is planning to buy a short sale this month in the Sierra Nevada foothills. He and his wife are paying $214,000 for a property that had been listed at $270,000. They pair plan to fix it up, install a hot tub and rent it out to vacationers.

Along with the financial incentives, the new government program makes another key change. Mortgage companies will have to set their minimum bid before the house is listed for sale. If the offer is above that, the lender must accept it.

That’s a big change from current practice. Lenders generally don’t calculate how much money they are willing to accept on a short sale until they have an offer in hand, causing long delays before the sale is approved.

The new program “will give us a degree of efficiency that we have not had in the past,” said Matt Vernon, Bank of America’s executive in charge of short sales and foreclosed properties.

Under the new process, buyers who submit an offer to purchase a home in a short sale should get a response within two weeks, as opposed to months. If that happens as planned, it would be a big improvement. Real estate agents across the country have complained that lenders are often difficult to reach, sometimes only communicating by e-mail and infrequently at that.

“You’re one of 400 properties on a screen,” said Dave Bauer, a real estate agent in Danville, Calif.

Some real estate agents who specialize in short sales are optimistic. “It could be the first government program that actually helps Las Vegas,” said Steve Hawks, a real estate agent there who specializes in short sales. Most borrowers in Las Vegas, he said, owe so much more on their mortgages than their properties are worth they can’t qualify for a loan modification.

The Treasury Department outlined the plan last November, but doubled the original $1,500 in relocation money after realizing that many homeowners need more cash to move out. That’s because landlords usually want large deposits from people whose credit records have gone sour after missing mortgage payments.

However, there are plenty of restrictions. To qualify, the home needs to be a borrower’s primary residence. Homeowners either have to be behind on their mortgages or on the verge of becoming delinquent.

Currently, the program is not available for mortgages owned or guaranteed by mortgage finance companies Fannie Mae and Freddie Mac, though the two government-controlled companies will soon follow suit, said the Treasury’s Maggiano.
   
Copyright 2010 The Associated Press.

CALL 702.604.7739 or Visit us on the web at http://www.savemefromlasvegasforeclosure.com
or http://www.teamcoldwell.com for Details on Las Vegas Short Sales.

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