Released on: October 31, 2008, 7:00 am

Press Release Author: Lori Ballen

Industry: Real Estate

Press Release Summary: The Ballen Group of Coldwell Banker Wardley Las Vegas Real
Estate has saved another Las Vegas Resident from facing the dreaded Las Vegas
Foreclosure by "Short Selling" their home with the bank.

Press Release Body: The Ballen Group of Coldwell Banker Wardley Las Vegas Real
Estate, specializing in Las Vegas Foreclosures, Las Vegas Pre Foreclosures, and Las
Vegas Shortsales, negotiated a deal with a home owner's bank to accept a "short"
amount on their mortgage payoff, therefore saving them from being another Las Vegas
Foreclosure statistic.

The property, located on Oak Bay in Las Vegas, was in default. After many
negotiations with the bank with no solutions, the home owners contacted The Ballen
Group of Coldwell Banker Las Vegas to negotiate a Las Vegas shortsale on their
behalf with the bank. The process was relatively simple, although stressful to the
owners, and moved at a rather nice pace.

The first step in the Las Vegas Shortsale a.k.a pre-foreclosure was to place the
home for sale at fair market value with The Ballen Group of Coldwell Banker Wardley.
The Ballen Group marketed the Las Vegas real estate just as they would have with a
regular sale. In fact, there is no difference in the actual sale process between a
Las Vegas shortsale, and a standard Las Vegas Real Estate transaction, accept that
it is contingent on the financing, which in this case was the bank. With an
aggressive price and comprehensive marketing plan, The Ballen Group had an offer in
the early stages of the Las Vegas Real Estate listing which was according to
schedule. The property was not listed way below the standard Las Vegas Real Estate
Market as is sometimes seen. The Ballen Group of Coldwell Banker Las Vegas
understood that the house would need to appraise for the sale amount, and the bank
would need to approve the sale amount. The bank submitted a full approval based on
the conditions of the offer. Although the first buyer did not qualify, The Ballen
Group of Coldwell Banker Wardley was able to obtain a new buyer for the Las Vegas
Real Estate also know as the Oak Bay property within 24 hours of relisting the
property. In addition to the home owners being able to save the 7-10 year
foreclosure mark on their credit, they were able to find another home and no fees
were paid to The Ballen Group on their behalf. The Ballen Group of Coldwell Banker
Wardley Las Vegas Real Estate urges all Las Vegas home sellers to choose their Real
Estate Agent wisely. Without a strong marketing plan and very strong knowledge of
TODAY'S Las Vegas Real Estate Market, a property can sit for months, and even over a
year.

The Ballen Group of Coldwell Banker Las Vegas Real Estate is comprised of 9 members
including 2 full time buyers with agents specializing in Green Valley/Henderson ,
North Las Vegas, South Las Vegas Real Estate, 2 full time listing agents
specializing in marketing Las Vegas Shortsale, Pre-Foreclosures and Foreclosures
(REO Properties, Bank Owned etc.), 1 full time shortsale negotiator and transaction
manager, 1 Las Vegas Real Estate and Foreclosure marketing director, and of course,
Richard & Lori Ballen. Richard & Lori Ballen achieved top awards during their first
year in business including Rookies of the year, Top achieving sales agents, the Real
Estate Marketing award and others.

The Ballen Group specializes in Summerlin, Henderson and The Las Vegas Valley.
Specializing in Marketing Homes to sell, short sales & REO/distressed properties,
negotiating for buyers, first time home buyers, and investment properties, The
Ballen Group gets Results.





Web Site: http://www.savemefromlasvegasforeclosure.com

Contact Details: For additional information on Richard & Lori Ballen, The Ballen
Group of Coldwell Banker Wardley Real Estate in Summerlin, visit
http://www.TheBallenGroup.com

Website http://www.TheBallenGroup.com
E-mail: sold@theballengroup.com
Phone 888-814-6842 or 702-604-7739
Fax 702-432-1652
Address 7670 W. Lake Mead #100
Las Vegas, NV
City/Town Las Vegas
State/Province Nevada
Zip 89128