Released on: August 31, 2008, 10:53 pm

Press Release Author: Lori Ballen

Industry: Real Estate

Press Release Summary: The Ballen Group of Coldwell Banker Wardley Las Vegas Real
Estate has saved another Las Vegas Resident from facing the dreaded Las Vegas
Foreclosure by "Short Selling" their home with the bank.

Press Release Body: The Ballen Group of Coldwell Banker Wardley Real Estate,
specializing in the Las Vegas Foreclosures, Las Vegas Pre Foreclosures, and Las
Vegas Shortsales, negotiated a deal with a home owner's bank to accept a "short"
amount on their mortgage payoff, therefore saving them from being another Las Vegas
Foreclosure statistic.

The property, located on Crestline Falls in Summerlin, was in default. After many
negotiations with the bank with no solutions, the home owners contacted The Ballen
Group of Coldwell Banker Las Vegas to negotiate a shortsale on their behalf with the
bank. The process was relatively simple, although stressful to the owners, and moved
at a rather nice pace.

The first step in the Las Vegas Shortsale a.k.a pre-foreclosure was to place the
home for sale at fair market value with The Ballen Group of Coldwell Banker Wardley.
The Ballen Group marketed the property just as they would have with a regular sale.
In fact, there is no difference in the actual sale process between a Las Vegas
shortsale, and a standard Las Vegas Real Estate transaction, accept that it is
contingent on the financing, which is this case was the bank. With an aggressive
price and comprehensive marketing plan, The Ballen Group had an offer in the early
stages of the Las Vegas Real Estate listing which was according to schedule. The
property was not listed way below the standard Las Vegas Real Estate Market as is
sometimes seen. The Ballen Group of Coldwell Banker Las Vegas understood that the
house would need to appraise for the sale amount, and the bank would need to approve
the sale amount. The bank submitted a full approval based on the conditions of the
offer. Although the first buyer did not qualify, The Ballen Group of Coldwell Banker
Wardley was able to obtain a new buyer for the Las Vegas Real Estate also know as
Crestline Falls in Summerlin within 24 hours of relisting the property. In addition
to the home owners being able to save the 7-10 year foreclosure mark on their
credit, they were able to find another home and no fees were paid to The Ballen
Group on their behalf. The Ballen Group of Coldwell Banker Wardley Las Vegas Real
Estate urges all Las Vegas home sellers to choose their Real Estate Agent wisely.
Without a strong marketing plan and very strong knowledge of TODAY'S Las Vegas Real
Estate Market, a property can sit for months, and even over a year.

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.



Web Site: http://www.lasvegasforeclosure.company.com

Contact Details: Website http://www.TheBallenGroup.com
E-mail: sold@theballengroup.com
Phone 702-256-4900
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