Do you want to sell your Las Vegas Home but don’t think you can because you owe more than the home is worth?  The process of selling your home for less than what you owe is called a Short Sale.  It is necessary to have your bank/lender accept less than you owe in order to get the Short Sale approved.  Usually your bank/lender is going to require some type of hardship (loss of job, divorce, death, etc…) in order to approve the Short Sale.  But this is not the only requirement.

Your bank/lender is going to request your bank statements, W2s, pay stubs, monthly expenses, and a hardship letter.  They will also request to see the listing agreement with your real estate agent to show it has been placed on the market for sale.

Sena & Associates with North American Realty of Nevada has been handling Short Sales since 2007 and have had a lot of success in negotiating short sales.  In early 2009 we began to work with the Attorney Firm, Paladin Legal Advocacy Center to handle the negotiations on our client’s Short Sales.  The benefits of having an Attorney handle the negotiations are:

• Provide Legal Advice
• Negotiations
• Litigation
• Education

We have seen a higher success rate on our Short Sales since Paladin Legal Advocacy Center began to handle the negotiations.  Their professionalism, experience and knowledge of the law is an incredible asset to be able to provide to our Las Vegas Real Estate Clients.

If you have any questions about the Short Sale Process or would like to set up a free consultation, we can be reached at 702.376.0088 or complete our contact form and one of our Las Vegas Short Sale Agents will contact you immediately.