The Ballen Group of Coldwell Banker Las Vegas Real Estate Obtains Short Sale Bank Approval from Countrywide

Las Vegas, NV, February 11, 2009 --(PR.com)-- The Ballen Group of Coldwell Banker Wardley Las Vegas Real Estate, specializing in Las Vegas Foreclosures, Las Vegas Pre Foreclosures, and Las Vegas Shortsales, has negotiated a deal with a Countrywide to accept a “short” amount on Las Vegas Real Estate, saving the sellers from being another Las Vegas Foreclosure statistic.

The property, located at 8612 Cremona Drive (at Charleston & Durango) with a Las Vegas MLS list price of under $225,000 is a single story with 3 bedrooms, 2 baths, RV Parking, nearly 2000 square feet and an almost 8000 square foot lot. After many negotiations with the bank with no solutions, the home owners contacted The Ballen Group of Coldwell Banker Wardley Las Vegas to negotiate a Las Vegas shortsale on their behalf with Countrywide. The process has been long and stressful to the owners, but the approval to close the home has finally come. As with all Las Vegas short sale approvals, there must be a ready & willing buyer to purchase the home at what the bank considers “fair market value” based on their appraisers values. The bank expects to close the property within 30 days from a valid offer. The seller opted to short sale their home rather than allow a Las Vegas Foreclosure in hopes of having a better credit score and the ability to purchase Las Vegas Real Estate again in 2 years.

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, Las Vegas short sales & REO/distressed properties, negotiating for buyers, first time home buyers, and investment properties, The Ballen Group gets Results.

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