Las Vegas Short Sales
June 16th, 2010 by The Property Lover 
7 Comments 
The Property Lover is back and wants to give you the goods on Las Vegas short sales!
We all are aware of the new laws encouraging banks to accept short-sale requests from home owners facing foreclosure.
The key word here is ENCOURAGING!
Actually we have seen banks approving more Las Vegas short sale deals. What you need to watch out for is… the fine print!
Short sale approval letters are now coming over with little extra statements about reserving the right to come after the homeowner in the future for deficiency judgments.
The big boy banks are also trying to squeeze the homeowners into bringing whatever cash they can scrape together to the closing table.
So I guess all this encouraging has gotten the banks a bit grouchy!
Remember to read your approval letters. Nobody likes the looming of a future judgment hanging around!
Until Later,
More From thepropertylover
Tags: Las Vegas FOrclosures, Las Vegas Home Owners, las vegas short-sales
Posted under: Houses in Las Vegas, Las Vegas Real Estate News, News, Selling Real Estate, Short Sales
Thank you for the info. I will be sure to review my approval letters with a fine tooth comb. The banks are becoming pretty slick these days!
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