Las Vegas Real Estate Market Update

Las Vegas Short Sale Specialists closes ANOTHER Las Vegas Short Sale

Posted by: Team Coldwell Banker Wardley on: July 8, 2009

 

Southwest Las Vegas Short Sale The single story at 8612 Cremona Drive has been sold.

Team Coldwell (in conjunction with The Ballen Group) is proud to announce another closed Las Vegas Short sale.  It goes without saying that the Las Vegas Real Estate Market is tough on both buyers & sellers today. The sellers, most upside in their mortgage creating a surplus of Las Vegas short sales, also known as pre foreclosures, are struggling to get their house sold.

 

Short Sale occurs anytime the value of the property is less than the amount owed to the lender and the lender agrees to write off the difference. In other words, the homeowner is “upside down” on his loan. Short sales may be forced by a variety of situations: job loss, loss of income, divorce, medical bills, or changing payments on adjustable rate mortgages (ARMs).

 

 

This team of Las Vegas Short Sale Specialists achieved top awards each year in business including including Rookies of the year (the first year in business), Top achieving sales, listing & closing agents, the Real Estate Marketing award and others.  Team Coldwell specializes in Summerlin, Henderson, North Las Vegas and The Las Vegas Valley. Specializing in Marketing Homes to sell, Las Vegas short sales & REO/distressed properties, negotiating for buyers, first time home buyers, and investment properties, Team Coldwell gets YOU results!

Property information