Short Sales in Las Vegas
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens’ full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.
Why Come See Us First?
We will HONESTLY explain what options are best for your particular situation, rather than give you a sales pitch, so you can make an informed decision.
You will meet face to face with an actual Real Estate Attorney regarding your short sale options. Attorney Rory Vohwinkel is a Real Estate Attorney and our office staff has over 20 years of real estate and mortgage experience.
Why use a Real Estate Agent or General Attorney who claims to be an expert in short sales, when you can hire a Real Estate Attorney?
Only a Real Estate Attorney knows what your legal rights are and what the legal ramifications of a short sale will be for you. The laws regarding short sales are always changing. Our real estate attorney will be able to answer all the important questions, such as: Will my lender be able to come after me for the balance? When will I have to move out? Can I rent the house back from whoever buys it? What if the short sale doesn’t go through, then what? Do I qualify for relocation assistance from my lender? What happens to the second mortgage, if I have one? Whatever the question…we have the answers. Come see us for a free consultation before hiring someone else. *
We have helped homeowner’s:
- Short Sale and STAY IN YOUR HOME
- Short Sale and receive “Cash for Keys” for relocation in amounts $3,000 to $25,000
- Short Sale and ensure you are not liable for the remaining balance (Deficiency Balance)
If your attorney or real estate agent doesn’t explain ALL of the options, you may end up in big trouble down the road. As a real estate attorney, we are experts that understand issues that may arise regarding title insurance, future possible lending issues and chain of title problems that you MUST know and understand before considering certain short sale programs. In addition, we have an “in office” Federally licensed loan officer, who can answer all questions you may have about assisting you in qualifying to buy a new home after you short sale your home. *