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Follow on Google News | Another Bank of America Short Sale CLOSED by The Ballen Group of Keller Williams Realty Las VegasThe Ballen Group closes another Bank of America Short Sale in Las Vegas using, The Ballen Method, A Process for Las Vegas Short Sales in Nevada
By: Lori BAllen The Ballen Group just closed a Short Sale with Bank of America for a property on the street: BAHAMA POINT. There were two Liens with Bank of America. One was the mortgage, and the other was a Bank of America Home Equity Line of Credit (HELOC). The property was listed for $84,000 and sold for $85,000 where the purchaser had an FHA loan and received $2,550 in closing costs from Bank of America in this short sale. The Seller received an approval letter with no deficiency language. An approval was obtained in 122 days after the buyers contract was accepted and closed 87 days after approval. This was a Military Relocation. http://www.youtube.com/ Bank of America has just rolled out a Nevada Incentive Program. Bank Of America is offering up to 5% back on a borrowers unpaid mortgage balance up to $20,000 if the homeowner qualifies for a short sale. Not everyone will qualify and this program ends in late April 2012. # # # 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. End
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