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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Rainmaker
1,162,900
Kevin B. Tolbert PA Team
Keller Williams Realty of Port Saint Lucie - Saint Lucie West, FL
New Home Construction and Luxury Specialist!

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. 

Jul 10, 2012 08:33 PM #1
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Rainmaker
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Lori Ballen

CVO, Chief Visionary Officer / Ballen Companies
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