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