A Las Vegas Wells Fargo Short Sale in has closed in Nevada

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Real Estate Agent with The Ballen Companies, TBG, TBM, ASAN S.0075212
KW
KW
A Closed Short Sale with Wells Fargo

A Las Vegas Wells Fargo Short Sale in has closed with Award Winning Las Vegas Short Sale Agent Team.

 

 The Ballen Group just closed a Short Sale with Wells Fargo for a property on the street Slipstream in Las Vegas in the zip code 89139 which is in Paseo at Pinnacle Peaks.

The Short Sale had one Lienholder. Therefore this Nevada Short Sale had to be approved with Wells Fargo only. The original list price was $155,000 and it closed at $155,000. This was a conventional loan buyer who did not receive any contributions from the seller or the mortgage companies who held the liens. The Seller did in fact receive $3000 from the Bank through a government program. The deficiency was waived. This short sale took 117 days total from list date to close but only 41 days from the day that short sale approval letter was received. 

 

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 is an award winning real estate team in Nevada with Keller Williams Realty Las Vegas and is owned by Lori Ballen Realtor. The Ballen Group consistently ranks in the top 1% of all producing real estate agents in The greater Las Vegas Board of Realtors and is in the top 10 short sale closers in Nevada for 2012.

 

The Ballen Group | Nevada Short Sale Services | Keller Williams Realty Las Vegas

3100 S. Durango #106, Las Vegas, Nevada 89117 702-482-7739
http://www.TheBallenGroup.com

 

Las Vegas Short Sales, Henderson Short Sales, North Las Vegas Short Sales

Lori Ballen LLC. Realtor

 

 

The Ballen Group
Office: (702)604-7739
sold@theballengroup.com
www.BallenGroupHomes.com

 

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Lori Ballen is a Mega Agent with an award winning real estate team in Las Vegas called The Ballen Group at Keller Williams Realty Las Vegas.  Lori and her husband Richard Ballen have owned multiple successful businesses based on her marketing strategy which is now called “The Ballen Method“.  Lori and Richard now travel and train other business professionals on her methods which include  Identifying a Niche, Finding a Target Audience, Creating a Message and a Product and then using Blogging, Press Releases, Social Media, Classified Ads, Video and Fresh, Relevant web site content with Disciplined Consistency in order to dominate the search engines for desired searched keyword strings.

Lori Ballen has become known for her “Keeping it Real” style and approach to Social Media. What you see is what you get with Lori. Passion, Enthusiasm and Energy are what she’s about.

Lori is an open book with her experiences, lead generation skills, and business building knowledge. She has no secrets and loves to educate, inspire, and train others. Her recent class include a fully packed house in Orlando with over 1000 attendees where she shared her “Ballen Method” to Lead Generation including her “Ballen Blast” method to Blogs and Classified Ads for page one search engine results.

A mother of 2 daughters, step mother of 2 more daughters, and wife of 20 years, Lori is A  role model of strong women for her family.

Lori’s Team, The Ballen Group is an award winning team specializing in Distressed properties – specifically Las Vegas Short Sales as well as residential real estate in Las Vegas, North Las Vegas, and Henderson.

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Rainmaker
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Kevin B. Tolbert PA Team
New Home Construction and Luxury Specialist!
Keller Williams Realty of Port Saint Lucie

You did okay with 121 days for a Wells Fargo Short Sale, but you can't keep with me.  I now have 9 all closing in July and they all started since June 8th. 

I have 1 that may break my previous record of 19 days from sale to closing as it is on its 2nd day and already in for Short sale approval.

I am having no issues currenlty except with Fifth Third.  All others are moving very well. 

July 10, 2012 08:33 PM
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Rainmaker
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Lori Ballen

CVO, Chief Visionary Officer / Ballen Companies
Find Out what Your Home is Worth
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