Welcome to our first post here on lvshortsales.com We have just converted the site over to a wordpress site. 

We are hoping to reach more home owners here in Las Vegas who are in danger of losing their home. Although there are many options available for people in danger of foreclosure, a short sale is a solution for many homeowners here in Clark County. I see lists daily with 300 to 400 names on it of owners in default.  The scary thing is, according a statistic I heard on Fannie Mae webinar, 80% of homeowners never speak to their lenders during this process. Homeowners are burying their heads in the sand. That is why we are looking to reach as many people in this position and educate these struggling homeowners. We sincerely care about our clients and look to help them by doing what is right for them. We are not looking to make a quick sale, but a client for life. That is why it’s frustrating to hear some people say agents are out for the commissions. I had posted a response to this comment on my blog on activerain  and thought I’d share it here. Click here for that blog.

I wanted to put our website www.lvshortsales.com out there for homeowners facing foreclosure and wondering what there choices are. I saw someones post that Realtors are only doing short sales for the commissions and there is no benefit for the seller to do a short sale. The biggest point from the blog was with foreclosure they could stay in the home longer without making payments.

Most people that I deal with are not happy being in a home that they are not making payments on because it doesn’t feel right. I encourage homeowners to try and save their home and rework the mortgage. Unfortunately this will not work for some of the people because they have lost their job and can’t prove to the lender they could make the new payments if they rework because the income isn’t there now. That leaves foreclosure, deed in lieu of foreclosure or short sale.

The benefit of a short sale is win win for everyone involved. The bank on average can save 20 to 30% if there is a short sale. The seller gets out of the home without a foreclosure and could get a Freddie Mac Fannie Mae loan in two years instead of five years with a foreclosure. The buyers get a home that is not trashed at market value and besides the wait, it is much easier to tie up a short sale than fighting over other buyers on the bank owned homes. The neighborhood looks better because the home isn’t sitting empty and getting vandalized. As far as the agents, yes we do get a commission. We also spend frustrating months with calls to the lenders,calming down the impatient buyer who can’t wait to get the home, the seller who is flipping out about the sale date notice, the open houses, listing the properties on every webpage we can, the drives out to the property on the opposite side of town to the first ten people who don’t like the home. So yes we get a commission!

Short sales are not the right choice for every homeowner but it is for some. Being an agent in this market over the last year, I was in the same boat. Fortunately things picked up and we were able to rework our mortgage. I know what these home owners are going through because I have been there myself. If your a homeowner in the same boat please visit our site at www.lvshortsales.com to get some basic questions answered.