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Las Vegas Short Sale Attorney - Complete Guide

A short sale is the term used to describe a real estate sale in which the seller receives less than the amount owed on the mortgage. The bank or other lender agrees to forgive the difference between what is owed and what is realized from the sale. I

 
PRLog - Jul. 12, 2011 - If you’re looking to avoid foreclosure, then one of the surest ways to do so is with a short sale.  In a short sale, both you and your mortgage lender or agent mutually benefits.  You avoid bankruptcy and a foreclosure; and the agent gets a bargain on sale prices.  However, before you quickly choose a short sale, you should know all that you’ll be heading into.  Look at the benefits, the negative side, and the alternatives, and choose the best route.  The first step if you’re heading into short sales for your home should be hiring legal Las Vegas Short Sale Attorney services.  When you have a short sale on your horizon, an attorney is your best route to success.

A Las Vegas Short Sale Could be the Alternative to a Foreclosure

It's important to understand what a Las Vegas short sale is to begin with. A Short Sale is an agreement between the holder of your mortgages to allow you to sell your home and take less then what is owed on the Las Vegas home and approve a hardship to allow you to move on in life.

Why would a Bank agree to this? Contrary to popular belief, Banks don't want to take back Las Vegas homes in a Foreclosure and own Las Vegas real estate. It's a very expensive process and at the end of the day, they are only going to be able to sell the Las Vegas home after the time consuming foreclosure process for what's it worth anyways.

Time is money and if the Las Vegas Home is sitting vacant for months, it's costing the bank a lot of money and headaches. Let's not even talk about vandalism and theft issues going on for vacant Las Vegas homes.

What is a Short Sale? | Las Vegas Short Sale Attorney
Information About Short Sales in Las Vegas, Nevada

A short sale is the term used to describe a real estate sale in which the seller receives less than the amount owed on the mortgage. The bank or other lender agrees to forgive the difference between what is owed and what is realized from the sale. In markets with declining home values, short sales may be the best way for the lender to realize the value in a home. Short sales are also appealing to homeowners seeking to avoid foreclosure after receiving a notice of default.

For more details visit  http://www.lasvegasshortsaleattorney.org

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