The Ballen Group of Coldwell Banker Las Vegas releases first edition Las Vegas Short Sale Handbook

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 7, 2008 -- The Ballen Group of Coldwell Banker Wardley Las Vegas Real Estate has put together a comprehensive Las Vegas Shortsale handbook for sellers. Homeowners who are facing Las Vegas foreclosure can request a shortsale manual to be emailed or mailed to their residence. The Las Vegas shortsale manual is not available for agents or homeowners that are currently listed with a Las Vegas Real Estate agent. A second release will be made available sometime next year that will provide Las Vegas real estate agents a “how To book” for Las Vegas shortsales

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 of Coldwell Banker Wardley Las Vegas Real Estate to sell their home and negotiate the sale with the bank.

The Ballen Group of Coldwell Banker Las Vegas, headed by Richard & Lori Ballen, lists the shortsale property the same as they would with any other property. It is marketed on the internet, television, mail outs, magazines and more. The seller actually pays no money to the Real Estate Agent. All commissions are paid to the agent by the bank. The Ballen Group 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 save the homeowner from foreclosure (if the bank approves the shortsale).

The Ballen Group is comprised 9 members including 2 full time buyers agents (including REO properties and foreclosures in Las Vegas), 2 full time listing agents, a general real estate practice agent servicing all Las Vegas Real Estate needs, 1 full time transaction coordinator, 1 marketing director, and of course, Richard & Lori Ballen. Richard & Lori Ballen have been very successful marketing & selling Las Vegas Real Estate and helping home sellers valley wide. They have a hold a high standard for the group, and practice professionally, honestly, and ethically at all times.

The Ballen Group specializes in the Summerlin and The Las Vegas Valley. Specializing in Marketing Homes to sell, short sales & REO/distressed properties, negotiating for buyers, first time home buyers, and investment properties.

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