The Ballen Group, Las Vegas Short Sale Specialists of Keller Williams Realty short Sale System

Sept. 8, 2010 - PRLog -- 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.

The Ballen Group and their expert team of Realtors working Short Sales in Nevada lists the short sale property the same as they would with any other property. It is marketed on the internet, television, mail outs, magazines and more. The real estate commissions are negotiated with the bank rather than the seller. Ballen then receives offers and presents them to the seller. Once an offer is chosen, it is submitted to the bank for approval. The entire process takes 60-120 days on average and could save the homeowner from Las Vegas foreclosure (Terms should be discussed with the seller’s attorney, accountants, credit advisors and any other professionals outside of the general real estate field).

The Ballen Group encourages its licensed agents and Realtors to undergo Short Sale Training and classes and stay up to date on bank requirements and policies. In addition to the licensed agents, The Ballen Group provides full time transaction coordinators to help in the short sale process. The Ballen Group, managed by Richard and Lori Ballen (Wekerle) is very successful in marketing & selling Las Vegas, North Las Vegas, and Henderson Short Sales and helping home sellers valley wide. They hold a high standard for the agents, and practice professionalism, honesty, and ethical practices at all times. Unethical practices or the “encouragement” to enforce a short sale are not tolerated by The Ballen Group.

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.

# # #

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.