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Short Sales in Nevada

Alternatives to Foreclosure

If you are a homeowner, Realtor® or broker in Nevada and are currently dealing with or considering a short sale, now is the time to involve a Nevada short sale attorney at Price Law Group. We represent the homeowner's interests in these matters, working to accelerate the process and aid you in achieving the desired result. A short sale is a legally complex process that may have serious financial implications. Having our experienced team by your side can help you move forward with the sale in spite of any issues that may arise. Due to the many legal issues involved, DRE, MLS boards and National Brokerages advise agents to include attorneys in their short sale transactions. Our firm can provide representation to sellers to help make sure that their questions are answered, their concerns addressed and their options explored before we complete the short sale. 

In the current economic climate, many families have been forced to stop paying on debts like mortgages, vehicle loans and credit cards. This has required the lending industry to be more accepting of various alternatives to foreclosure like, short sales, loan modifications and filing bankruptcy. In the case of short sales, more and more banks are willing to negotiate sales terms and accept less than a mortgage holder owes on the bank note. Lenders may prefer to avoid the process of foreclosure and agree to accept a smaller sum, which may aid them in recuperating rather than losing money. After the bank has accepted the offer and the sale is finalized, the seller can then write off the difference between what was owed and what the property sold for. There is some credit damage, but not as substantial as foreclosure, which may result in the loss of 200 to 400 points on a homeowner's credit, depending on the unique situation.

Typically it is best to hire an experienced Nevada short sales lawyer to negotiate with the bank on your behalf. There can be quite a bit of red tape to get through, with a lot of back and forth requests for documents, and having a skilled attorney who is familiar with all aspects of short sales negotiations, will keep the process moving along as rapidly and smoothly as possible.

Nevada Lawyer Helping Struggling Homeowners

At Price Law Group, our attorneys are dedicated to protecting the rights and best interests of our clients through any action they take, whether negotiating a short sale, loan modification, filing bankruptcy or any other type of debt solution offered. We believe that being proactive will help keep you in charge of what is going on in your financial life, rather than it ruling you. Taking steps to avoid foreclosure will help your credit and make your future that much brighter.

If you or someone you know is interested in learning more about short sales, we are standing by to assist. We have helped over 100,000 families become debt free. Take control of your financial future now by learning more about the programs and debt solutions we offer.

Contact a Nevada Short Sale Lawyer from our firm now to talk about short sale on your or your seller's property. If you are a Realtor®, feel free to download our Short Sale Packet*.

*Required to begin work on a listing.

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