What is Short Sale ? Short Sale on house. How to Short Sale? What does short Sale Mean? Short Sale in Las Vegas. Short Sale of home. North Las Vegas Short Sale
Jennifer Martin Direct 702-612-3379 Short Sale Experts!
A short sale is when you owe more than your property is worth. EX: In 2007 you purchased a home for 560K. Today your home is worth 235K. In order to sell the property you would need to 1. Pay the difference between what you owe and what is owed. 2. Short Sale on house. In order to short sale you need a real estate agent/ broker to list the home for you. No other professional can do this. You must have a licensed agent list the home as a short sale. The short sale of home will take place when the agent receives an offer. The agent will send you all the offers to sign since you are still the owner of the property. Once you accept the offer, the agent will have title company prepare a net HUD based on the loss. Once all the fees associates are deducted the bank will net the remainder in the short sale of home. Go to our page on How to Short Sale? or What is Short Sale ? For more information or call Jennifer Martin. 702-612-3379 See our Short Sale FAQ or Short Sale (That's NOT TRUE) Myths!! Obama presents Las Vegas Short Sale with HAFA as an answer to foreclosures!!
Martin International Realty, Las Vegas HAFA short sales and you. ***Complete our What is Short Sale or Short Sale of House contact form and we will contact you with options.***Short Sale in Las Vegas with Jennifer Martin.Jennifer Martin has completed over 500 short sales in Las Vegas since 2006. Las Vegas Short Sales are very popular because of the decline in Values over the past couple years. Las Vegas Short saleshave exceeded REOS in Las Vegas during 2011. Short Sales have exceeded REOS in Las Vegas because the banks would prefer to accept a short sale than to foreclosure on your property, and most of the time they net more money if they accept a shorts sale in Las Vegas VS foreclosing on your property.In the state of Nevada HOA liens go with the foreclosure. If you are not paying your HOA dues please notify me when you call or email so I can add this to the banks bills to pay.
So the first step in Short Selling in Las Vegas is to call me and list the property. I will ask you these questions. a. Are you late? b. Are your HOA Dues Current? C. How many loans do you have on the home? D. Do you live in the home? E. How much do you own on the 1st? | 2nd? F. Have you received any paperwork from the banks? G. Besides the value dropping what reason do you have for not paying? What is your hardship? H. Are you employed? I. Do you plan on moving out of the house if you live in it? J. Do you have any other liens on the property , late payments, HOA, Trash liens, City, etc.? K. Do you want to come in to my office or have me email the docs? L. Can I put a Lock box on the home? M. If you live in the house, can I put up a short sale sign and a lock-box on the property to show if you are not available. N. Can you provide me 2-, 2 years of Tax Returns, 2 bank statement, and fill out and sign the remaining of my paperwork?
That's it!!! We are ready to list your home as a short sale!
Add your Home to this list by calling me, or emailing me for a free confidential consultation on the short sale of you property.702-612-3379 Jennifer Martin DIRECT
Nevada short sales The HAFA program requires the home owner to work with a licensed real estate broker or agent, such as Martin International Realty and the agreement is valid for one hundred and twenty days. Once a new buyer offers to purchase the home at the predetermined price, the current home owner will inform the mortgage lender of the offer. The offer is expected to be approved or denied within ten business days. Once the offer is excepted the seller will begin the standard escrow process. The minimum for this is forty five days. If the house does not sell within the hundred twenty days the homeowner is agreeing to move forward with the deed-in-lieu of foreclosure process. The property will be signed back to the bank and the home owner then will have no less than thirty days to vacate the premises. ( The is not normally the case especially in Las Vegas.) In the event that there is a second mortgage- the lender of the first mortgage may agree to pay up to 6% of the of the unpaid balance, up to $6000 as well. This is at no cost to the seller. To see if one qualifies, they should contact us by completing this form online, or call our office. You can also visit our other websites at www.JenniferMartinRealty.com, or call 702-982-8888 *For information about how income tax may be effected by a Las Vegas short sale one should contact a tax specialist.*
***** We can also do short sales in ANY part of the united Stated- We work with many agents and our office can get you a short sale approval regardless of where your home is located.******
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Short Sale Your Home in Las Vegas
Obama BailoutGet out of your property with HAFA!Homeowner Affordable Foreclosure Alternatives!!Martn International Realty, Obama and What is Short Sale?
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