Las Vegas Short Sale Agent Explains The Short Sale Process
Posted by jamiecox in Las Vegas Short Sales on November 2, 2010
Jamie Cox, a Las Vegas Short Sale Agent and team leader for The Cox Group at Keller Williams Las Vegas explains the short sale process. If you live in Las Vegas I have no doubt in my mind you know someone that’s experienced a short sale. I’m equally as confident that you heard stories with good and bad experiences. Doing a short sale can be a stressful process and can take time to complete. Part of my job as a listing agent is to minimize the level of stress and frustration to the home owners I represent. This process is going to take patience. From the time your home hits the market until the time it closes could be many months. In many cases the short sale process cannot start until an offer is received from a ready, willing, and able buyer. Once an offer is received that’s when the real fun begins! The offer is formatted to match your banks specific requirements along with your complete set of financial documents and is submitted to the bank. Once the short sale package is submitted the servicer of your loan (Bank of America, Wells Fargo, Chase Etc) will order what’s called a BPO, Broker Price Opinion, or appraisal to determine a value for the property. In many cases this person will need to get access to the property to take interior photos. Once a value is determined the servicer then calculates their “net” from the sale of the property and submits it to the investor (Fannie Mae, Freddie Mac, VA, FHA, etc) for final approval. Once we receive short sale approval at terms acceptable to the seller we can then move forward in a traditional manner. In theory it’s a simple process however, as you navigate your way through the short sale process your lien holder will likely request updated information many times because the items in the original package are usually outdated by the time they receive the appraisal back.
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Las Vegas Short Sale Agent Wants You To Know Your Options
Posted by jamiecox in Las Vegas Short Sales on October 17, 2010
So You Received A Notice Of Default…
Jamie Cox, The Cox Group with Keller Williams Realty Las Vegas, wants to know you have options. A recent article mentions an interesting statistic that 80%+ of Las Vegas Homeowners take no action from the time foreclosure starts until the time the bank actually takes their home. You do have options: short sale, bankruptcy, forbearance, loan modification, deed in lieu, or even turning your home into a rental may keep the bank from taking your home.
Jamie Cox
702-487-0000
The Cox Group
Keller Williams Realty Las Vegas
Las Vegas Short Sale Agent Talks About Foreclosure Moratorium
Posted by jamiecox in Las Vegas Short Sales on October 16, 2010
Jamie Cox, Las Vegas Short Sale Agent with The Cox Group at Keller Williams Realty Las Vegas, answers questions about foreclosure moratorium. Distressed home owners have options. Do not be distracted by the foreclosure moratorium if you are facing foreclosure now, you are still facing foreclosure and need to consider your options. The Cox Group with Keller Williams Realty Las Vegas can help you determin what option is best for you.
Jamie Cox
702-487-0000
The Cox Group
Keller Williams Realty Las Vegas
Las Vegas Short Sale Team Offers FREE Legal Consultation
Posted by jamiecox in Las Vegas Short Sales on October 15, 2010
The Cox Group of Keller Williams Realty Las Vegas offers FREE Attorney Consultation.
Las Vegas Short Sale Team, The Cox Group at Keller Williams Realty Las Vegas, offer homeowners facing foreclosure options. Short Sale, Bankruptcy, Foreclosure, Deed in Lieu, Forbearance, are options available to home owners in distress. A FREE consultation with an attorney can help determine a course of action. Allow The Cox Group, a Las Vegas Short Sale Team, to make arrangements for your FREE consultation. Contact us at 702-487-0000.
For more information about how The Cox Group can help you or to watch Short Sale Frequently Asked Questions visit our website at www.LasVegasShortSaleGuy.com.
Another Las Vegas Short Sale Closed By The Cox Group
Posted by jamiecox in Las Vegas Short Sales on September 9, 2009
Las Vegas Short Sale Expert, Jamie Cox, closes another short sale with no deficiency judgement.
The Cox Group with Keller Williams Realty Las Vegas Closes Another Short Sale!
The Las Vegas based short sale team, specializing in helping Las Vegas home owners facing foreclosure, negotiated with the lien holder to accept an offer of $140,000 on a loan with a mortgage balance in excess of $290,000. The Cox Group with Keller Williams Realty Las Vegas negotiated on behalf of the seller to obtain terms releasing them from the remaining debt.
The Cox Group with Keller Williams Realty Las Vegas helps home owners facing foreclosure negotiate terms with their lien holder on a daily basis. Specializing in Short Sales, REO’s, and other distressed properties in Las Vegas The Cox Group gets results. To watch our frequently asked short sale questions video visit our website at www.LasVegasShortSaleGuy.com.
