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Todd Miller's Blog

By Todd Miller | Agent in Las Vegas, NV
  • Real Info About Las Vegas Short Sales

    Posted Under: General Area in Las Vegas, Foreclosure in Las Vegas  |  February 23, 2012 2:37 AM  |  340 views  |  No comments
    There are a lot of things that you need to know about Las Vegas short sales, and you need to be familiar with these things if you want to get the most out of it. I said “Las Vegas Short Sales” because different states have their own rules when it comes to getting into this kind of transaction. As we go through this article, we will be discussing some of the things that you can get from it, including the things that you need to know about Las Vegas short sales.

    Even though there are different things that you can get from short sales in different states, the process itself refers to a property being sold at a price lower than the total amount of mortgage. It means that the seller simply wants the mortgage to be cleared, and the buyer will get the property without paying for it at a full price. There are several reasons why a person would get into a short sale, but almost all of them would want their property to be disposed because they want to be free from their mortgage.

    In Las Vegas, someone who is preparing for their house to be foreclosed gets into such short sale, because they either want to find a buyer who can pay for their mortgage, or they are using it to delay foreclosure and be able to find someone who can provide them with the money that they need. This is a very common practice in Las Vegas, because getting into short sale will give the owner about 60 days to have their property be sold.

    Aside from this, someone who is under Las Vegas short sales has all the right to claim his property as his own until the bank takes his property – after 60 days. This is more than enough to look for someone who can buy your property or lend you the money that you need to settle your debt. There are also some owners who are using Las Vegas short sales in order to get more time to further delay the foreclosure of their house. In fact, there is a method that will allow you to delay foreclosure for 68 months, but this process would take a lot of time, and getting into Las Vegas short sales will help you get all the time that you need.

    It is true that there are a lot of things that you can get from Las Vegas short sales, but you still need to make sure that you will be doing it properly because there are consequences associated with it. If you want to be sure with the process that you are taking, it would be better if you are going to get the help of a professional who can explain the whole process.

    There are a lot of other things that you need to know about Las Vegas Short Sales, so it would be better if you are going to get help from someone who really knows the industry. Visit my website www.ToddMillerTV.com now if you want to have more information about Las Vegas Short Sales.
 
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