Short Sales/REO 

Specializing in helping homeowners use a Short Sale to avoid home foreclosure in the Henderson and Las Vegas, Nevada real estate markets.  

A short sale is when the lender(s) agree to accept less than the amount the homeowner owes on a Las Vegas property.

A short sale in the Las Vegas Valley is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a homeowner (borrower) cannot pay the mortgage loan on their property, but the lender(s) decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the homeowner(s).*

Short sales involve many steps and correct, consistent process in order for the transaction to close. Having the assistance of an experienced Las Vegas Valley REALTOR with extensive knowledgeable on short sales process and procedure is essential to ensure a successful closing for both the seller and the buyer.

This can be a very difficult time for homeowners facing foreclosure in the Las Vegas Valley area. We at the Edgington Group understand what you are going through and have the experience and knowledge to help. The first step is to figure out what is best of you. 

 If you wish to discuss your options or schedule an appointment for Dan or Paul to visit with you regarding your options, please call us at (800) 509-5803 and we will get back to you ASAP.

If you schedule an appointment with The Edgington Group, please review the required documents by downloading the "Short Sale Packets 1, 2 & 3" and "Residential Disclosure Guide". This will help you understand what will be required of you if you wish to list your home as a short sale. 


(DOCUMENTS MAY TAKE UP TO 1 MINUTE TO DOWNLOAD- SEVERAL PAGES)

 

 Our REO Services - Catered to your needs

  • Pre-acquisition - Inspections
  • Occupancy checks/Verification
  • Valuation, Marketing Analysis and Strategy recommendations
  • Eviction and Cash for Keys Coordination
  • Re-key and Secure - Same Day
  • Repair and Improve Analysis, Bid Coordination and Construction/Rehabilitation Supervision
  • Thorough Marketing and Advertising - with Strong Internet Advertising presence
  • Weekly showing and status reports
  • Offer/Contract review

We feel strongly that communication, and our availability is crucial to success with REO's. We are available 24 hours a day by email at info@theedgingtongroup.com and cell phone (702)491-9562.

 

 

 

 


*This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency