The Ballen Group of Coldwell Banker Wardley Real Estate Expands Existing Las Vegas Real Estate Foreclosure & REO Division

Las Vegas, NV, September 09, 2008 --(PR.com)-- The Ballen Group has expanded their distressed property division. The distressed property division was originally created to simply market and sell REO properties (Lender owned foreclosures). This division was added when the market created a demand for Las Vegas real estate agents who would quickly turn foreclosed properties as a service to the lenders or asset managers. Upon recent review of the Las Vegas foreclosure industry, The Ballen Group realized the demand for this service was growing, and more services were being requested or required. These services include items such as tenant evictions, turning on utilities, hiring and supervising contractors such as house cleaners, painters, landscapers, construction crews and many more needed services. In order to service the REO properties, The Ballen Group of Coldwell Banker Wardley Real Estate added Las Vegas Real Estate agents, Administrative and Marketing staff, and upgraded systems to the group to help maintain and market the properties from listed to sold.

In addition to working with foreclosed properties, the distressed property division has added specialty areas for the purchasing, listing, marketing, maintenance and sales of Las Vegas short sales and pre foreclosures that will be sold with the help of a Las Vegas Real Estate Agent instead of being foreclosed.

On the listing side of the Las Vegas REO division, The Ballen Group of Coldwell Banker Las Vegas, headed by Richard and Lori Ballen, provides Las Vegas REO services such as: Occupancy verification, Cash for Keys, Eviction, Re Key, BPO services, Rehab, Marketing Reports, Negotiation, Closing Coordination, Trash Out, Landscaping Oversight, Home Warranties, Feedback, Las Vegas MLS search & entry, and a Comprehensive Marketing Package including national print & internet marketing, featured ads, custom website, video, motion tour, brochures, direct mail, agent caravans, open houses, and mall kiosks.

On the Foreclosure purchasing side, The Ballen Group of Coldwell Banker Wardley Real Estate in Las Vegas provides investors, first time home buyers, and standard residential shoppers the opportunity to tour featured Las Vegas foreclosures. In some cases, the properties presented by The Ballen Group are a “sneak peak” often times avoiding the Las Vegas Real Estate bidding wars. Las Vegas foreclosure buyers receive a comprehensive report on each foreclosure listing including the history, current status, and fair market value in addition to the opportunity to receive representation from The Ballen Group of Coldwell Banker Las Vegas.

The Ballen Group is comprised 9 members including 2 full time buyers agents (including REO properties and foreclosures in Las Vegas), 2 full time listing agents, a general real estate practice agent servicing all Las Vegas Real Estate needs, 1 full time transaction coordinator, 1 marketing director, and of course, Richard & Lori Ballen. Richard & Lori Ballen do business in a successful & professional manner with a high standard of ethics and have a portfolio of satisfied customers.

The Ballen Group specializes in Summerlin Real Estate, Henderson, North Las Vegas 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.

###