Shelter Realty closed another short sale listing last week, its 17th in a row with full liability release for our clients. In this case the subject property was also an investment, high-rise condo property. Contrary to myths about short sales that exist, investment properties may also be sold as a short sale.
Ultimately, the mortgage bank which holds your note evaluates each and every short sale approval as a unique agreement based on the individual borrower’s situation. This is why effective representation is so critical. You not only have to sell your property, but negotiate favorable terms with your mortgage bank.
If you have questions about a short sale in Las Vegas or anywhere else in the southwest, please contact us through this website or call us directly at 702-376-7379.