The Ballen Group of Coldwell Banker Wardley Las Vegas Saves a Property from Las Vegas Foreclosure

Las Vegas, NV, September 03, 2008 --(PR.com)-- The Ballen Group of Coldwell Banker Wardley Real Estate, specializing in the Las Vegas Foreclosures, Las Vegas Pre Foreclosures, and Las Vegas Shortsales, negotiated a deal with a home owner’s bank to accept a “short” amount on their mortgage payoff, therefore saving them from being another Las Vegas Foreclosure statistic.

The property, located on Crestline Falls in Summerlin, was in default. After many negotiations with the bank with no solutions, the home owners contacted The Ballen Group of Coldwell Banker Las Vegas to negotiate a shortsale on their behalf with the bank. The process was relatively simple, although stressful to the owners, and moved at a rather nice pace.

The first step in the Las Vegas Shortsale a.k.a pre-foreclosure was to place the home for sale at fair market value with The Ballen Group of Coldwell Banker Wardley. The Ballen Group marketed the property just as they would have with a regular sale. In fact, there is no difference in the actual sale process between a Las Vegas shortsale, and a standard Las Vegas Real Estate transaction, accept that it is contingent on the financing, which is this case was the bank. With an aggressive price and comprehensive marketing plan, The Ballen Group had an offer in the early stages of the Las Vegas Real Estate listing which was according to schedule. The property was not listed way below the standard Las Vegas Real Estate Market as is sometimes seen. The Ballen Group of Coldwell Banker Las Vegas understood that the house would need to appraise for the sale amount, and the bank would need to approve the sale amount. The bank submitted a full approval based on the conditions of the offer. Although the first buyer did not qualify, The Ballen Group of Coldwell Banker Wardley was able to obtain a new buyer for the Las Vegas Real Estate also know as Crestline Falls in Summerlin within 24 hours of relisting the property. In addition to the home owners being able to save the 7-10 year foreclosure mark on their credit, they were able to find another home and no fees were paid to The Ballen Group on their behalf. The Ballen Group of Coldwell Banker Wardley Las Vegas Real Estate urges all Las Vegas home sellers to choose their Real Estate Agent wisely. Without a strong marketing plan and very strong knowledge of Today's Las Vegas Real Estate Market, a property can sit for months, and even over a year.

The Ballen Group of Coldwell Banker Las Vegas Real Estate is comprised of 9 members including 2 full time buyers with agents specializing in Green Valley/Henderson , North Las Vegas, South Las Vegas Real Estate, 2 full time listing agents specializing in marketing Las Vegas Shortsale, Pre-Foreclosures and Foreclosures (REO Properties, Bank Owned etc.), 1 full time shortsale negotiator and transaction manager, 1 Las Vegas Real Estate and Foreclosure marketing director, and of course, Richard & Lori Ballen. Richard & Lori Ballen achieved top awards during their first year in business including Rookies of the year, Top achieving sales agents, the Real Estate Marketing award and others.

The Ballen Group specializes in Summerlin, Henderson and The Las Vegas Valley. Specializing in Marketing Homes to sell, short sales & REO/distressed properties, negotiating for buyers, first time home buyers, and investment properties, The Ballen Group gets Results.

###