The Ballen Group, A Las Vegas Real Estate Agent Team,closes HAFA Short Sale in NV and cash to seller

Jan. 20, 2011 - PRLog -- The Ballen Group, a local team of award winning short sale agents in Las Vegas, Nevada, who have been specializing in Nevada Short Sales for several years now, have completed a HAFA approved short sale transaction with Citibank.  The Bank took a short payoff with no deficiency language on both the first and the second mortgage.

This particular seller qualified for the Home Affordable Foreclosure Alternative program better known as HAFA. HAFA is a streamlined process for home owners to try to get a loan modification on their property, if the home owner is denied on the loan modification then the bank will encourage a short sale and incentives it for the home owner.

HAFA's streamlined process and The Ballen Group's Marketing System sped this Las Vegas Short Sale up compared to "traditional" short sales. Citibank approved the short sale only 12 days after the seller contracted the listing with The Ballen Group of Keller Williams Realty Las Vegas (The original ONE on Durango at D.I.). The closing of the transaction actually took place only 34 days after the buyers offer was received. This is much faster compared to the average 152 day short sale seen recently in the Las Vegas Real Estate Market.  

Ballen uses a comprehensive Las Vegas Short sale system for sellers. Nevada Homeowners who are facing Las Vegas foreclosure can request that The Ballen Group  consult with the sellers about their needs. In addition, Ballen has created a custom short sale hardship package allowing the homeowner to complete the documents required by the bank to ease the process.  Although The Ballen Group would never encourage 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.

" I have to admit, this was one of the smoothest transactions, especially working short sales, that we have ever done." says Lori Ballen, team leader for The Ballen Group who Short Sale Nevada. "We are  thrilled to see Citibank and other Lien Holders making it possible for the sellers to move on with their lives". Richard Ballen, Listing Specialist for the Ballen Group happily stated "Another Problem has been solved. Bring on the next one".

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. http://www.youtube.com/watch?v=39wcJsR5LEk



702.482.7739 - When Ready to sell your Las Vegas Home - if you owe more than the mortgage, we can help. Call us to discuss  short sale options. Las Vegas Short Sale Specialists with Keller Williams Realty Las Vegas.

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702.482.7739 - When Ready to sell your Las Vegas Home - if you owe more than the mortgage, we can help. Call us to discuss short sale options. Las Vegas Short Sale Specialists with Keller Williams Realty Las Vegas.