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Lori Wekerle

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Summerlin Real Estate|Summerlin Short Sales|Las Vegas Short Sales|

05-23-09
Lori Wekerle

9312 Jadecrest - Summerlin - In final closing stages of Short Sale and buyer walked! Scoop this up now! Bldg Desc 2STORY #Bedrooms 4 (3 plus den) #Baths 2 0 1 3 Garage 3 Appx SqFt 2444 #Acres +/- 0.15 Private Pool Y /Inground-Private/Waterfall Pool Size +/-

D: From Summerlin Parkway, Exit Rampart, North on Rampart to Hillpointe, West to Broadleaf, Right to Jadecrest Left to property, on right R: Summerlin Neighborhood! Sparkling pebble tech pool with waterfall, Open and airy floor plan, Tile and Wood Floors, Huge Master with sitting area, Den could be 4th bedroom. $269,900

6641 Samba - In final approval stages - Buyer could not qualify! BEAUTIFUL
ML# 872487 Status ER Area 504 L/Price $234,900

Subdiv SONATA WITHIN PINNACLE PEAKS P Community CORONARCH

YrBuilt 2005 / Bldg Desc 2STORY #Bedrooms 4 Garage 2 /Attached /Finished Interior Appx SqFt 2654 #Acres +/- 0.12 Lot SqFt 5,227 Private Pool Y /Inground-Private D: From I-215, exit Rainbow, S on Rainbow, E on Wigwam, L on Redwood, R on Camero, R on Harmonic, L on Samba R: Find both low price and large space in this 4 bedroom 3 home on.12 acres in Las Vegas. Features include a welcoming living room with gas fireplace, classic dining room, first-floor laundry, inviting kitchen with granite countertops, gas range, dishwasher, microwave, work island, ceramic tile floors

10083 Bright Charisma - In final stages, 1 offer came in today - still time!

ML# 903465 Status ER Area 505 L/Price $124,900

Subdiv MARAVILLA AT MOUNTAINS EDGE UN

YrBuilt 2006 / Bldg Desc 2STORY #Bedrooms 4 Garage 2 / Appx SqFt 1979 Roof Tile Like Lot SqFt 2,614 D: From South Rainbow, R on Blue Diamond, L on Durango, R on Mountains Edge, R on S. Riley, R on Sparkling Chandon, R on Bright Charisma

R: This beautiful 2 story home, nestled in the heart of Mountains Edge, beckons the pickiest buyer. You'll benefit from the nearly 2000 square feet of open space featuring 4 bedrooms and 2.5 baths. The 2 car garage provides ample room for parking and storage. This home won't last long, so Act Now!

9957 Concho River - Submitting all offers on Friday!! Get yours in today!

ML# 910379 Status ER Area 503 L/Price $74,900 Subdiv WESTLAKE UNIT 1 AT SOUTHWEST R

Bldg Desc 2STORY #Bedrooms 2 Garage 1 /Attached /Finished Interior Appx SqFt

D: From S. Fort Apache, R on Patrick, L on Grand Canyon, R on Spinnaker Creek, Spinnaker Creek becomes Trinidad Lake, R on Concho River

R: This beautiful 2 story home, nestled in the heart of the Southwest, beckons the pickiest buyer. You'll benefit from the nearly 1500 square feet of open space featuring 2 bedrooms, a loft, and 2.5 baths. The 1 car garage provides ample room for parking and storage. This home won't last long, so Act Now!

421 La Jolla - HENDERSON - Get it before the bank does!
ML# 904856 Status ER Area 604 L/Price $74,900

Bldg Desc 1STORY #Bedrooms 2 Garage 2 /Attached Appx SqFt 1072

D: East on Sahara to Boulder Highway, Left onto Palo Verde, Right onto La Jolla

R: MAKE US AN OFFER! Snuggle up to the cozy fireplace in this well-maintained 1-story 2-bedroom/2-bath home on.14 acres. Features include a dining room, master suite with separate shower, his-and-her closets, intimate living room with carpeting, convenient laundry, efficient kitchen with dishwasher, double sinks, gas range.

LAS VEGAS REAL ESTATE LINKS:

Las Vegas MLS Search: http://www.theballengroup.com/Las_Vegas_MLS_Search/page_2123987.html

Featured Coldwell Banker Wardley Las Vegas Real Estate Listings: http://www.theballengroup.com/Featured_Listings/page_163204.html

Find Las Vegas Foreclosures: http://www.theballengroup.com/Foreclosures/page_2067615.html

Get Help and Avoid Foreclosures with a Las Vegas Short Sale: http://www.theballengroup.com/SHORT_SALES/page_2084064.html

Las Vegas Short Sale FAQ's: http:// www.theballengroup.com/Short_Sale_Questions/page_2222615.html

Summerlin Real Estate: http://www.theballengroup.com/Summerlin_Real_Estate/page_2024730.html

Las Vegas Real Estate News Blog: http:// www.theballengroup.com/My_Blog/page_1727238.html

Contact The Ballen Group - Las Vegas Short Sale Specialists: http:// www.theballengroup.com/Contact_Us/page_2024749.html

Coldwell Banker Wardley Real Estate

www.TheBallenGroup.com

7670 W. Lake Mead #100
Las Vegas, NV 89128
702-432-1652 (Fax)
teamcoldwell@gmail.com or sold@theballengroup.com


Search the MLS Live at www.lasvegasmlsproperties.com

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Looking for a realtor for Las Vegas Foreclosures and Las Vegas Short Sales.

05-21-09
Lori Wekerle

Looking for a realtor for Las Vegas - Phoenix area to help me buy some foreclosure properties.

Vancouver, WA

Please let me know if anybody is interested in offering such services. Thanks!

Hi Vancouver,

We would love to help you!
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 Short Sales, 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, Las Vegas Foreclosure and Las Vegas Short Sale Specialists, specialize 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.

Check us out at http://www.findlasvegasforeclosures.com or give us a call at 1-888-814-6842 or 702-604-7738 or 702-604-7739. You can also reach us via email sold@theballengroup.com.

Search for Las Vegas Foreclosures Live at http://www.lasvegasforeclosures.com

Web Reference: http://www.theballengroup.com

LAS VEGAS REAL ESTATE LINKS:

Las Vegas MLS Search: http://www.theballengroup.com/Las_Vegas_MLS_Search/page_2123987.html

Featured Coldwell Banker Wardley Las Vegas Real Estate Listings: http://www.theballengroup.com/Featured_Listings/page_163204.html

Find Las Vegas Foreclosures: http://www.theballengroup.com/Foreclosures/page_2067615.html

Get Help and Avoid Foreclosures with a Las Vegas Short Sale: http://www.theballengroup.com/SHORT_SALES/page_2084064.html

Las Vegas Short Sale FAQ's: http:// www.theballengroup.com/Short_Sale_Questions/page_2222615.html

Summerlin Real Estate: http://www.theballengroup.com/Summerlin_Real_Estate/page_2024730.html

Las Vegas Real Estate News Blog: http:// www.theballengroup.com/My_Blog/page_1727238.html

Contact The Ballen Group - Las Vegas Short Sale Specialists: http:// www.theballengroup.com/Contact_Us/page_2024749.html


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Las Vegas Short Sale Purchase Question|The Ballen Group Responds

05-19-09
Lori Wekerle

Short Sale Questions | Las Vegas Short Sale Specialist Responds

Las Vegas Short Sale Realtors help with Las Vegas short sale questions! Help!

Your Question Was:

so, we have made an offer on a short sale home in Las Vegas, NV almost 3 weeks ago and the seller accepted and we are waiting on the lender. i know this is a long Las Vegas Short Sale process and we need to be patient but.. - (The Ballen Group Short Sale Specialists Respond)

1. is there a time limit that they have to respond?
*This is up to your contract. How long did you give them to respond? If your asking how long the bank has to respond - it could be months and usually is. The first short sale negotiator is usually assigned within 30 days but they don't have the answer for you at that point usually. A Short Sale generally takes 60-120 days.

2. our Las Vegas Short Sale Realtor said 2 weeks ago that the following week the short sale appraiser would come to evaluate the home and then in another 2 weeks he would have the results. then 2 weeks later i emailed asking the update and he said they had to resend the offer because supposedly the lender lost the offer..... does that make sense?? or do you think they were trying to get a higher bid, etc?
*Sadly it makes perfect sense. We hear agents claim that the short sale bank told them all the time that the bank "lost" their short sale hardship package and offer paperwork. One way to avoid this is to have the Las Vegas shortsale agent make sure she has the loan number on the upper left hand corner of EVERY PAGE. This is easily done by printing the short sale lenders loan number (if there is more than one loan, it might have to be done multiple times) on a sheet of labels and placing the labels on the corner.

3. we are unfamilar with the process of short sales but i did a little research online. the realtor is not trying to pressure us into buying the house and is saying we shoud find a REO since they close escropw within 30 days...... what i read online it said short sales close faster than REO's. does this make sense or does he not know what he is talking about?
*Somebody DOES NOT know what they are talking about. REO properties usually close in 30-45 days and short sales 60-120 (sometimes longer).

4. has anyone ever dealt with Coldwell Banker Wardley Las Vegas Real Estate for a Las Vegas Broker?
*Yep, The best Las Vegas Short Sale Brokerage and Short Sale Specialists in my opinion *smiles* (OK - this was revised. There was another name in this field (he-he). Had to plug our company of course.)

5. if we have an offer on a house can we still change Las Vegas Short Sale realtors?
*If you do not have a written agreement stating that the Raltor can represent you excluslively for a certain amount of time, then you can change Realtors. WE don't suggest you see the same property with multiple agents or they could fight over procuring cause (who found the property for you). Find one you like and stick with them. If you need help, check out our services and search the Las Vegas MLS Live at http://www.lasvegasmlsproperties.com or call 702-604-7739. Email us at sold@theballengroup.com to buy a Las Vegas Short Sale or other property (other - we suggest).

Good Luck. By The Way - Instead of Short Sales or REO / Foreclosures, you might consider NEW CONSTRUCTION. There are some great new home deals out there. BRING YOUR REALTOR WITH YOU. They can negotiate a great deal for you.
Good Luck,
- Lori BAllen
Who is Lori Ballen?

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.

LAS VEGAS REAL ESTATE LINKS:

Las Vegas MLS Search: http://www.theballengroup.com/Las_Vegas_MLS_Search/page_2123987.html

Featured Coldwell Banker Wardley Las Vegas Real Estate Listings: http://www.theballengroup.com/Featured_Listings/page_163204.html

Find Las Vegas Foreclosures: http://www.theballengroup.com/Foreclosures/page_2067615.html

Get Help and Avoid Foreclosures with a Las Vegas Short Sale: http://www.theballengroup.com/SHORT_SALES/page_2084064.html

Las Vegas Short Sale FAQ’s: http:// www.theballengroup.com/Short_Sale_Questions/page_2222615.html

Summerlin Real Estate: http://www.theballengroup.com/Summerlin_Real_Estate/page_2024730.html

Las Vegas Real Estate News Blog: http:// www.theballengroup.com/My_Blog/page_1727238.html

Contact The Ballen Group - Las Vegas Short Sale Specialists: http:// www.theballengroup.com/Contact_Us/page_2024749.html

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Las Vegas Loan Modification during a Las Vegas Short Sale - A Don't Do!

05-19-09
Lori Wekerle

Las Vegas Loan Modification during a Las Vegas Short Sale - A DON'T DO!

This Las Vegas Short Sale Realtor says "PLEASE DON'T DO IT!!" It is not beneficial to a seller to start a loan modification during the process of attempting a Las Vegas Short Sale. If the seller has any intent to try and stay in the home, the Las Vegas Loan Modification should be attempted BEFORE contacting a Las Vegas Short Sale agent. Why? Simple.

•1.) When you do a Loan Modification - you must prove that you are able to make the payments.

•2.) When you do a Short Sale - you must prove that you CAN'T make the payments.

It is not possible to do both. Therefore - not only will you probably receive a denial on your Las Vegas Loan Modification, but you could mess up the hard work done by your Las Vegas Short Sale Agent and stall or even lose your short sale altogether.

If you have started a loan modification, but have decided to short sale your Las Vegas Real Estate, be honest with your Short Sale Agent so they know how to communication with the bank in regards to both. Honesty is the key.

*The Ballen Group of Coldwell Banker Wardley Real Estate specializes in Las Vegas Short Sales and Distressed or Default Properties including Las Vegas Foreclosures. For information visit http://www.savemefromlasvegasforeclosure.com

LAS VEGAS REAL ESTATE LINKS:

Las Vegas MLS Search: http://www.theballengroup.com/Las_Vegas_MLS_Search/page_2123987.html

Featured Coldwell Banker Wardley Las Vegas Real Estate Listings: http://www.theballengroup.com/Featured_Listings/page_163204.html

Find Las Vegas Foreclosures: http://www.theballengroup.com/Foreclosures/page_2067615.html

Get Help and Avoid Foreclosures with a Las Vegas Short Sale: http://www.theballengroup.com/SHORT_SALES/page_2084064.html

Las Vegas Short Sale FAQ's: http:// www.theballengroup.com/Short_Sale_Questions/page_2222615.html

Summerlin Real Estate: http://www.theballengroup.com/Summerlin_Real_Estate/page_2024730.html

Las Vegas Real Estate News Blog: http:// www.theballengroup.com/My_Blog/page_1727238.html

Contact The Ballen Group - Las Vegas Short Sale Specialists: http:// www.theballengroup.com/Contact_Us/page_2024749.html

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Las Vegas Short Sale Questions and Answers|Las Vegas Short Sale Help|Ballen Group

05-18-09
Lori Wekerle

Question: HOME SELLER IN LAS VEGAS

I am 8 months behind on our mortgage.

We owe $389K and its probably worth $200K if we are lucky...its BAD. We feel that foreclosure is our only option. We are moving to FL and we live in NV. My questions are: can they come after assets, garnish wages or come after another property? The house is only in my husbands name but I also own a home in only my name that we will keep. Also, what do you think we will owe in taxes the next year roughly? I know my husbands credit will be destroyed, what other negative factors come into play? Thanks!

BALLEN GROUP RESPONSE:

We want you to know that 1/2 of Las Vegas would be upside in their houses if they tried to sell right now, and 1 out of 8 are not making their payments. You have other options.

1.) Deed in Lieu of Foreclosure - This would be a negotiaton between you and the bank. You basically leave the property in "broom swept" condition and give them the keys.

2.) Short Sale - We can help here. Basically, we sell the house to a buyer. We negotiate with the bank to accept less than you owe on the mortgage. Some banks will "reserve the right to collect" and others will forgive the debt. Depends on the bank. It looks better on your credit than a foreclosure. Here is a link to our Las Vegas Short Sale Frequently Asked Questions: Short Sale FAQ's: http://www.theballengroup.com/Short_Sale_Questions/page_2222615.html

3.) Foreclosure and negotiate Cash for Keys - We can help negotiate the bank to actually PAY you to leave. Usually 1000 to 2000 at time of foreclosure. This should be the last option.

Find more options on short sales and definitions of all the above at http://www.savemefromlasvegasforeclosure.com

In any case, we wish you the best. Feel free to call us at 702-604-7739 to get help or email sold@theballengroup.com. We Can Help.

Web Reference: http://www.savemefromlasvegasforeclosure.com More Valuable Real Estate Links:

Featured Listings: www.theballengroup.com/Featured_Listings/page_163204.html

For Sale By Owner: www.theballengroup.com/For_Sale_By_Owner_Services/page_2228798.html

Foreclosure Timeline: www.theballengroup.com/Las_Vegas_Foreclosure_Timeline/page_2117207.html

Foreclosures: www.theballengroup.com/Foreclosures/page_2067615.html

Home Evaluation: www.theballengroup.com/Home_Evaluation/page_163208.html

Las Vegas Luxury Homes: www.theballengroup.com/Las_Vegas_Luxury_Homes/page_2124012.html

Las Vegas MLS Search: www.theballengroup.com/Las_Vegas_MLS_Search/page_2123987.html

Las Vegas Real Estate News: www.theballengroup.com/Las_Vegas_Real_Estate_News/page_2028599.html

Making Home Affordable : www.theballengroup.com/Making_Home_Affordable_Plan/page_2232205.html

Short Sales - Chase: www.theballengroup.com/Chase_Short_Sale/page_2226032.html

Short Sales: www.theballengroup.com/SHORT_SALES/page_2084064.html

Short Sale FAQ's: www.theballengroup.com/Short_Sale_Questions/page_2222615.html

Short Sale Hardship Package: www.theballengroup.com/Shortsale_Hardship_Package/page_2084099.html

Short Sale Definitions: www.theballengroup.com/Short_Sale__Foreclosure_Definitions/page_2117205.html

Short Sale News: www.theballengroup.com/Short_Sale_News/page_2225945.html

Summerlin Real Estate: www.theballengroup.com/Summerlin_Real_Estate/page_2024730.html

Tax Credit: www.theballengroup.com/TAX_CREDIT/page_2184579.html

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