Las Vegas and Henderson Short Sale Information
- Nevada Foreclosure Process – Foreclosure Timeline Las Vegas - Approximately 5 months in the state of Nevada. A foreclosure begins when the lender on a piece of property has not received a mortgage payment. The lender will then take steps to recover the money owed. If that fails, then the lender will take back the property. The process is specified by state and federal
Read More… - Short Sale best way to Avoid Foreclosure in Las Vegas & Henderson Real Estate - Avoid Foreclosure through Short Sale Do You Owe More Than Your Home is Worth? Recent Federal Regulations Give Homeowners Choices/Options. Are you experiencing any of the following: 1. Financial Hardship? 2. Shortfall in Monthly Income? 3. Insolvency? You May Now Have A Better Way Out. 1. Explore the option of a short sale for your
Read More… - Reason why a Short Sale may be rejected or denied by the Lender(s) - Lack of evidence of a hardship for borrower Mortgage is current on the property, even though the value is than amount owed Property could be a second home or investment property. We have successfully completed many short sales for investors who have true hardships. See Why Banks agree to Short Sales. Seller filed for bankruptcy
Read More… - Eligibility Criteria Overview for FHA’s Pre-foreclosure Sales (PFS) Program - Eligibility Criteria Overview for FHA’s Pre-foreclosure Sales (PFS) Program Home X Occupied by owner (no investment properties) Existing Mortgage X Must be 31 days delinquent at time of Pre-foreclosure Sale closing Borrower X Must provide documentation (1) proving reduction in income or increase in living expense and (2) verifying that the borrower needs to vacate
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Las Vegas and Henderson Short Sale Information
