Las Vegas Short Sales

Do you need a Short Sale Las Vegas Realtor? As a Las Vegas Short Sale Specialist I can help you avoid Foreclosure here in Las Vegas! Do you have questions about a short sale? This page will help you! I have been doing short sales here in Las Vegas since December 2006. With over 300 completed, I have a 99.9% track record in helping people avoid foreclosure.

Here in Las Vegas, Short Sales make up 1% of the housing market. I can help you with this difficult choice and show you how this is only temporary and things will get better!

Read on so that you can understand what I do as a Las Vegas short sales Realtor and how I can help you! A short sales in Las Vegas can be tricky, make sure you hire someone with experience!

Simply put, a “Short Sale” is when you owe $400,000.00 on your home but the current market value on your home is $350,000.00. The “Short” is $50,000.00. In the past, The Mortgage Forgiveness Debt Act forgave that short amount from any tax liability. The $50,000.00 which is considered a capital gain is considered income by the IRS. This law expired in 2017 so if you were to short sale today, you would have a tax liability. Talk to your CPA for more information.

If you are facing foreclosure, a short sale may be your best option. If a bank or loan servicer forecloses on your home, your credit will be impacted for at least 7 years.

Having a foreclosure on your credit may affect you in the following ways:

1. A reduction of current credit on your credit cards.
2. Higher interest rates on car loans and other credit services.
3. The ability to not qualify for another home loan for several years.
4. Not being able to rent a home or apartment. The rental market in Las Vegas is highly competitive and this is a huge factor having bad credit.
5. Getting a government job or other jobs that require good credit.
6. Having bad credit limits your financial options and how you can recover.
7. Banks and loan servicers can sue you in court and get a judgement against you for the amount you have defaulted on.
8. Having a lower credit score could take you years to improve it.

These are just a few problems you may have if you let your home go to foreclosure. Preventing foreclosure is the best way to rebound and start over. A Short Sale may be the best way to handle this problem.

The short sale process can be either long and dragged out or short and sweet! It all depends on your bank or loan servicer and how fast they can assist us in the process. The process starts by determining your current home’s value and all costs associated with the short sale.

Second, you and I work together in getting a short sale packet created and sent off to your servicer or bank. This “packet” consists of tax records, pay stubs, financial asset forms, listing debts, savings, investments, etc. It also talks about your financial hardship and why you need to complete a short sale.

As your Las Vegas Short Sale Specialist, I help you with all of this from A to Z. It’s my job to also help you find a buyer for your home. The goal of doing a short sale is to make sure the debt is paid off and that you will not have to deal with this situation in the future.

I always get a “Full Release Letter” from your loan servicer or bank so that you are free and clear of this home and the debt from it. Make sure you hire someone that can get you results and who knows what they are doing when it comes to Short Sales. This is about your financial future and getting a clean slate to start over!

This is also a major concern — if you have equity in your home now, you may lose that equity if pricing falls. Call me today to see if selling your home NOW makes sense before you miss payments.

Also, please keep in mind that if you can make your house payments, please do! If we start to see mass defaults on loans as we did in 2007-2013, that will bring down the value of your home as well as the rest of us here in Las Vegas. If the housing market value drops, it hurts everyone. To learn more, check out my foreclosure page: How to Avoid Foreclosure in Las Vegas

If you are looking for a Las Vegas Short Sale Specialist here in the Las Vegas Valley, call me now! The consultation and the advice are free of charge to you!

Since 2006, I have completed over 300+ Las Vegas Short Sales with a 99.9% success rate. To date, I have shorted millions of dollars in properties here in Las Vegas. My goal is to help you re-establish yourself financially and to give you a better future.

Working with you and making you a priority is a huge step in the right direction. I have helped hundreds of people restart their lives and get out of their housing debt.If you have any questions, or you need to speak to me, please contact me anytime at: 702-768-2552.