Released on: August 14, 2008, 6:38 pm

Press Release Author: Lori Ballen

Industry: Real Estate

Press Release Summary: The Ballen Group of Coldwell Banker Wardley Las Vegas Real
Estate holds a Las Vegas Shortsale seminar for home owners who owe more on their
mortgage than their home is worth.

Press Release Body: The Ballen Group announces their monthly Las Vegas Shortsale
Seminar for Home Sellers. Many Las Vegas mortgages now exceed the fair market value
of the home. Negative equity has become an increasing problem for the nation, but is
excessive in Las Vegas. With the prices of Las Vegas homes decreasing, and the
interest rates on previous subprime loans increasing, many Las Vegas home sellers
have no choice but to negotiate with the bank to take less (also known as a "short")
on the sale of the property. The seller proves a hardship to the bank which could
include divorce, loss of income, health issues and other various situations proving
the monthly mortgage payments are impossible for the homeowner to pay. The home
owner hires a Real Estate agent, such as The Ballen Group of Coldwell Banker Wardley
Las Vegas Real Estate to sell their home and negotiate the sale with the bank.

The Ballen Group of Coldwell Banker Las Vegas, headed by Richard & Lori Ballen,
lists the shortsale property the same as they would with any other property. It is
marketed on the internet, television, mail outs, magazines and more. The seller
actually pays no money to the Real Estate Agent. All commissions are paid to the
agent by the bank. The Ballen Group then receives offers and presents them to the
seller. Once an offer is chosen, it is submitted to the bank for approval. The
entire process takes 60-120 days on average and save the homeowner from foreclosure
(if the bank approves the shortsale).

On the first Saturday of every month, The Ballen Group of Coldwell Banker Las Vegas
hosts a shortsale seminar for home sellers. Since Real Estate agents are not
typically licensed to handle credit issues or debt adjustments, The Ballen Group has
a licensed & professional debt adjuster on hand to discuss all credit issues
including how short sales & foreclosures affect one's credit. Each attendee will
receive a home sellers kit packed full of Las Vegas foreclosure & shortsale
information including: options available besides foreclosure or shortsale, Las Vegas
foreclosure laws, steps in a shortsale and many more valuable pieces. There are only
75 seats available, so spaces are based on first come - first serve so RSVP's are
highly suggested.

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 have been very successful marketing &
selling Las Vegas Real Estate and helping home sellers valley wide. They have a hold
a high standard for the group, and practice professionally, honestly, and ethically
at all times.

The Ballen Group specializes in the Summerlin 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.


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

Contact Details: For additional information on Richard & Lori Ballen, The Ballen
Group of Coldwell Banker Wardley Real Estate in Summerlin, visit
http://www.TheBallenGroup.com

Website http://www.TheBallenGroup.com
E-mail: sold@theballengroup.com
Phone 702-604-7739
Fax 702-432-1652
Address 7670 W. Lake Mead #100
Las Vegas, NV
City/Town Las Vegas
State/Province Nevada
Zip 89128
Country United States
hablamos Espanol 702-277-1366