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Follow on Google News | Century 21 Myers Team Offer Nevada Short Sale Options for 2011The Myers Team, Nevada Short Sale Experts with Century 21 MoneyWorld offer short sale options for distressed Nevada homeowners in 2011
By: Alexa Nicole One in every 11 Nevada households received a foreclosure filing last year. Nevada posted the highest foreclosure rate in 2010 for the fourth straight year. In December, foreclosure activity increased 18 percent from November with a 71 percent spike in bank repossessions. Nevada remains number one in foreclosures and number one in unemployment. To add to the confusion, the Federal Trade Commission recently announced that effective January 31, 2011, Nevada loan modification companies are banned from charging up-front fees for negotiating modifications of residential loans. According to Bill Myers, Nevada short Sale Expert and owner of The Myers Team with Century 21 MoneyWorld, “The loan modification industry has been very misleading for homeowners. Government assistance programs such as HAFA, HAMP, HOPE NOW, and the Making Homes Affordable Program have been failures due to the fact that bank participation is voluntary.” According to the Las Vegas Review Journal, "Most homeowners in Las Vegas are so far upside down on their homes, (owing significantly more than their home is worth) that they don't qualify for the government's $75 billion Home Affordable Mortgage Plan." “Despite the bad news, Nevada homeowners have options,” Myers said. According to Myers, “There has never been a better time for Nevada homeowners to do a short sale.” A short sale is when a bank allows a homeowner to sell their house for less than what is owed on the mortgage. Many homeowners in Nevada have tried to save their homes by attempting a loan modification; In 2010, The Myers Team with Century 21 MoneyWorld was ranked the #1 Short Sale Team in Nevada. The Myers Team has successfully closed more short sale transactions and negotiated more short sale approvals than any Realtor or Broker in our state. For additional information, please visit The Myers Team web site at http://www.NevadaShortSaleInfo.com # # # Bill and Francoise Myers, owners of The Myers Team with Century 21 have successfully sold more short sale listings than any Realtor or Broker in Nevada. They are nationally recognized as one of the most influential figures in real estate today. End
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