What is a Short Sale?
A short sale is when a property owner, seller, asks the mortgage holder, lender, to accept less to pay off the loan than what is owed. This is becoming a more common procedure as balances on mortgages are often considerably higher than the actual value of the property or mortage balance. It also occurs when the home owner can no longer afford to make their mortgage payments. This process is gaining momentum as the banks are realizing it is easier to take their loss with a short sale rather than go thru the foreclosure procedure. A short sales can create a great opportunity for a buyer to obtain a property at a tremendous savings. The short sale process is not as quick as a traditional or foreclosure sale. Normal escrows are closing in 30 to 45 days. Short sales are closing in 60 to 120 days or more in most instances. A short sale is for those who have patience. The short sale process can be lengthy endeavor for everyone involved. If your not in a hurry this is a great venue to get an excellent buy on a property. you have any questions please give Calabrese Mantle & Associates a call today. Call Kim @ 702 596 5327 or call Tom @ 702 285 7863. You can also use the inquiry form provided for you on our web site. We’ll be happy to assist you.

Let Calabrese Mantle Real Estate Services put their experience and knowledge of the Las Vegas Foreclosure Market to work for you.

LV Foreclosure Finders
Coldwell Banker Premier Realty
10120 S. Eastern Ave.
Suite 300
Henderson, Nv. 89052

Tom Calabrese 702-285-7863

Kim Mantle 702-596-5327