Another Las Vegas Short Sale Sold!
Another Las Vegas Short Sale Sold! This Property is located at 6683 Lilac Sky Ave. Las Vegas, NV 89142 The seller’s were upside down on their mortgage and owed $283,000 and it sold for $155,000 Not only did we get our clients approved for a Short Sale, we got the bank to waive the deficiency balance (the difference owed for what the home sold for) and their legal rights to ever come after them in the future. They had fallen so far behind on payments and couldn’t afford to make the HOA (Home Owners Association) payments either. We managed to get the Bank to pay the $800.00 HOA balance at closing as well as working diligently to get the buyer’s $4000 in closing costs paid by the bank. It was win win situation for all parties involved and we are very happy to have helped out everyone as well. Throughout the long Short Sale process that took about 5 months, my client’s were able to live in the home until it closed and paid ZERO in transaction fees, ZERO in closing costs and ZERO in commissions!
“Eloff Perez was amazingly helpful with the short sale of our co-owned home. The circumstances were complicated by the owners living in another state. He was very patient and knowledgeable, and always took my phone calls even after business hours. Eloff is a consummate professional, and I would highly recommend him to anyone.”
– Chris C.-
On January 1, 2013, Congress passed a year long extension of the Mortgage Forgiveness Debt Relief. Originally passed in 2007, the Mortgage Forgiveness Debt Relief Act exempts qualifying homeowners from paying taxes on mortgage debt forgiven during after a successful short sale. With this law being extended, struggling homeowners can avoid foreclosure without having to pay a massive tax bill to the IRS. This law has only been extended through December 31, 2013. If you or anyone you may know if facing the possibility of foreclosure, please act now and take advantage of this tax exemption.
As your Las Vegas Realtor I am a Short Sale Specialist with the Certified Distressed Property Expert (CDPE) designation. I specialize in Las Vegas Short Sales, Foreclosures and Las Vegas Homes For Sale. If you know of someone who could use my help, please contact me immediately and pass along my information below.
“The market has changed, but the way to treat people hasn’t”