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Short Sale Your Home



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Short Selling your Property with Realty Expertise Made Easy!!

Please fill out this completely confidential form:
Your information is 100% confidential and will never be shared with anyone

Your confidential information will be sent directly to Valentina Herzog, Broker of Realty Expertise, for a complete review, and you will soon be personally contacted by Valentina Herzog, via your preferred method of contact. If this is an urgent matter please call us at 702.373.7565.

We look forward to working with you. Thank You!


Yes Please SHORT SELL My Property

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What is a short sale?

A short sale occurs when a property is sold for less than the mortgage balance. A short sale allows a property owner to sell his or her property for the current market value, provided the mortgage holder has approved a discounted payoff of the loan. The lender will require that the borrower qualify for the short sale by providing evidence of a verifiable hardship, such as an income short fall or insolvency. If property owner has more than one loan on the property, such as a first mortgage and a home equity loan, each lender will have to approve the transaction.


Your lender will require you to hire a Las Vegas real estate agent to complete a short sale in Nevada. And what a benefit this is for you! You get an advocate, who represents your interests only (not the bank’s) plus the service and commission is of no cost to you. An expert Las Vegas short sale agent is critical to your success because short sales are more complex than traditional real estate. As your short sale experts, we will provide you with:

  • Staging, preparation and marketing for your property.
  • Locating a buyer and negotiating any offers that come through.
  • Working directly with your lender to get your short sale approved.



HAFA Short Sale

The homeowner will be entitled to a relocation incentive from their bank of $3,000. No deficiency judgment, banks are required to release the homeowner from all mortgage liabilities. No promissory note for unpaid balance or cash contribution to any lenders. Traditional HAFA-Submit paperwork for the HAFA when you receive an offer or with Preapproved HAFA get preapproved for the HAFA before putting your home on the market or before receiving an offer. In a preapproved HAFA short sale situation, the bank will preapprove your sales price and the property.


Traditional Short Sale

We obtain an offer first and then start the eligibility and approval process with your bank. The time frame for HAFA short sale and a traditional short sale are about the same.


FHA Loan Short Sale

If you own a FHA Loan and you are delinquent on your mortgage payment by at least 31 days, you may be approved for FHA Short Sale. HUD (Department of Housing and Urban Development) oversees the FHA (Federal Housing Administration) and requires that the price for the property in the short sale must meet a minimum percentage of the property’s value for the short sale to be approved. The percentage usually starts off at 88 percent and lowers during the duration that the house is up for sale. Once the short sale is completed, the seller could collect an incentive up to $4,000.


VA Loan Short Sale

If seller gets approved for a VA Loan Short Sale, seller can sell their property at fair market value, even if that value is lower than what seller owes on your mortgage. If seller successfully completes a VA Short Sale, lender may be able to help seller resolve seller’s mortgage situation with fewer negative consequences than from a foreclosure. If the property is sold, and seller meets all the requirements of the program, lender will accept less than the amount due on seller’s current mortgage and release seller from any further responsibility for seller’s outstanding first mortgage balance. In addition, seller may be eligible for relocation assistance of up to $1,500 to help cover your moving, rental, or relocation expenses.



Bank of America Short Sale

Bank of America has created the program Bank of America Cooperative Short Sale in which makes the process easier and quicker for them to turn around a short sale and provide the seller a cash incentive up to $2,500. In most cases, the only requirement is a financial hardship letter.


Chase Short Sale

For individuals who have a pre-owned Washington Mutual loan, you may qualify for up to $20,000 incentive from Chase to short sale your home.


Wachovia Bank Short Sale

For individuals who own a mortgaged from Wachovia Bank, World Savings or an original Golden West Financial, you may qualify to receive up to $7,500.00 cash incentive if you meet certain criteria and close the sale by the contract date.


CitiMortgage Short Sale

CitiMortgage, part of CitiGroup, has created a short sale program for their customers who are going through a financial hardship, in which the customers who are eligible for the program could receive various cash incentives.



Why must my lender(s) approve the transaction?

A mortgage loan, home equity loan, and other secured loans are all liens against the property; in order for title to the property to pass to the buyer, those liens must be satisfied. Therefore, getting your lender(s) to accept less than it is owed is a critical step in a short sale. For you lender(s) to accept a short sale-and therefore less than what’s owed on the loan(s)-you must demonstrate a financial hardship and inability to pay back the full amount of the loan(s). In a sense, this is like “reverse qualifying” for you loan(s).


What will I have to do to get short sale approval?

Depending on the lender(s)’s requirements, you will need to provide a hardship letter detailing why you are unable to pay the difference between the fair market value of the home and the loan amount(s). You may have to provide bank statements, tax returns, financial statements and other documents to prove that you do not have the ability to pay off the loan. You will have to sign an authorization letter, allowing the lender(s) to speak directly with your real estate agent to facilitate the approval process.


What happens after my agent receives an offer?

The offer will be presented to you, and if you want to accept the offer, your agent may draft a counter-offer or addendum containing “contingency” language. That is, you are willing to accept the offer, but the deal will not be final until your lender(s) approves of the transaction. Then, your agent will submit the signed contract, including any counteroffers and addendums, to the lender(s) along with other documents that the lender(s) may require.


How long will the process take?

It depends on the lender’s workload and requirements. Sellers and buyers must be prepared to wait at least three to four months for the seller’s lender(s) to approve the transaction. Remember that after the lender(s) approves the transaction, other contingencies may have to be met (home inspections, buyer’s loan qualifications) before the transaction actually closes. Your lender(s)’s approval is only one piece of the puzzle.


Why does it take so long?

Lenders are flooded with short sale requests, then multiply that by the amount of paperwork required to process and approve a short sale and you have a backlog. No one, including the Brokers and Agents involved in the transaction, can control your lender(s)’s approval.


Will the house stay on the market?

If the property is listed in the Multiple Listing Service (MLS), it will be placed in “Contingent” status, meaning that a purchase agreement has been executed, but the deal is waiting short sale approval. As a practical matter, listings that are in contingent status come up in property searches, and it is possible that another buyer will see the house and make an offer. Your agent will be required by Nevada law to present other offers to you.



  • Curtailment of Income
  • Unemployment
  • Excessive Obligations
  • Divorce
  • Illness
  • Death in Family
  • Distant Employment Transfer
  • Inability to Rent Property
  • Military Service
  • Business Failure
  • Payment Adjustment
Want to know more about what goes on behind the scenes of a short sale?  Click the following link; Short Sales: understanding what goes on behind the scenes

Please contact Valentina for further details about Short Sale your home via;
Phone: 702.373.7565 or Email:

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Realty Expertise assumes no responsibility nor guarantees the accuracy of this information. Realty Expertise does not guarantee your lender will change the terms of your mortgage. Realty Expertise and their associates are not attorneys;  Realty Expertise is not engaged in the practice of law nor gives any legal advice. Realty Expertise strongly recommends that you seek the appropriate Professional counsel regarding your legal rights as a homeowner.

Realty Expertise is not associated with the United States government, mortgage lenders or any banking institutions. By accepting this offer and using the services of Realty Expertise, your lender may still not agree to change your loan.

IMPORTANT DISCLOSURE: Clients of Realty Expertise are never charged any fees associated with the short sale process.

You have the right to reject or accept any offer Realty Expertise obtains from your lender (servicer) of your loan.

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