How do I do a Short Sale Las Vegas? and what is it?

Finding information on a short sale Las Vegas can be easy, but you really need the RIGHT information! Do you know that you need to show a harship to succeed at a short sale.

You DO NOT have to PAY anyone to do a short sale with FULL Waiver of Deficiency if you use a Realtor Don't believe all of those commercials making you pay for representation, email me today and I will help you. I have achieved the Short Sales and Foreclosure Resource designation from the National Association of Realtors. 

Nevada Home Again program for distressed homeowners, please see the youtube videos Press Release

English Home Again Video -click here to watch the video and learn about the program

Spanish Home Again Video -  Spanish version of the Home Again program

Please feel free to Contact me if you need further guidance.

The best situation to get your bank approval is to be behind in payments and be able to show a job loss, death, health issue, etc. But there is a chance if you are not yet behind in mortgage payments. You may be able show hardship in "your neighbors are drug trafficers or vandalists", but these issues are rare.

You can bet that if you are showing a lump of cash in the bank on your bank statements, you are going to have to come with some money to closing of your short sale, the lender is not going to let you just walk if you are not suffering in some way!

Necessary documents for a short sale Las Vegas

• Hardship Letter - Please email for an example (bethatc21@aol.com)
  
  
• Homeowners Financial Statement- Income, assets and liabilities, email for form bethatc21@aol.com

• Last Two Bank Statements
  
  Last Two Pay Stubs
  
  
• Last Two Years Tax Returns
  
  
• Last two years W-2's
  
  
• Any Necessary proof of your hardship - Death certificate, Divorce decree , Incarceration decree , Bankruptcy discharge letter , Relief from stay, Proof of disability, Insurance claims , Police reports , Court approvals , Anything that may be useful
  
  
• Listing agreement with real estate agent
  
  
• Offer from buyer
  
  
• HUD 1 from escrow company showing costs for everyone to close the transaction
  Now, any situation you are in is worth the effort to try to negotiate a short sale, but you need to list your home for sale with a REALTOR that is experiencted in handling short sales and dealing aggressively with banks as well as having a title and escrow team to support you in this difficult transaction in which you are trying to negotiate your future outcome.
  
  

How soon can I buy a home after a short sale ?

I have obtained these general figures from a good resource, please verify these for your future planning:

• Get an FHA loan after 3 years
  
• Get a VA loan after 2 years
  
• Get a Conventional loan after 2 years
  
• After a Foreclosure, you can get a conventional loan in 7 years
  *****these estimates are based on each individuals re established credit and scores as well as income, job history and any other factors that my be necessary to obtain a loan.
Contact a real estate professional or major banking lender for your personal re-qualification status after a short sale Las Vegas.

I am recommending this great author , he is an excellent financial advisor that offers simple steps to help you start over from your financial crisis.



Short sale Las Vegas aims to make this experience as easy as possible. Anyone can follow the steps in this book, give it a try. Used and cheap and you are worth the investment! Click on the picture link to order.

Sometimes we tend to hang on to things, especially our home that we love.  There comes a time when we have to evaluate our life situation and either poop or get off the pot.  The worst thing you can do is no try and lose everything.  If you cant pay the mortgage, get some help and start over with a fresh slate!




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Helpful Links:

Las Vegas Real Estate search homes, get up to the date information on the market immediately from the MLS not a few days later like all the other search engines


Las Vegas Foreclosures looking for a great investment? find out how to take advantage of the crisis

Las Vegas Realtor free professional information from a 20 year veteran agent



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