Keith Thomsen

Surrendering a home worth half of what you owe is NOT a failure, it's a business decision.  Facing the truth is sometimes the most difficult thing a person can do.  A short sale is NOT the end.  It's an opportunity for you and your family to TAKE CONTROL and WALK AWAY FREE AND CLEAR.  When you do nothing, you feel overwhelmed and powerless, however, when you do a short sale, you feel the sense of hope and accomplishment that comes from knowing you are working to GET YOUR LIFE BACK ON TRACK.

Nobody wants to lose their home, however, there is no need for you and your family to go down with a sinking ship.  Know when to say enough is enough.  Sometimes you have to take a few steps backwards to move forward correctly.  Your mortgage obligation doesn't need to be a prison sentence.  Additionally, a short sale will MINIMIZE DAMAGE TO YOUR CREDIT.

Many have attempted to save their home through loan modification, however, homeowners have come to realize that LOAN MODIFICATION PROGRAMS JUST DON'T WORK.  Effective January 31, 2011, the Federal Trade Commission banned loan modification companies from charging up-front fees for negotiating modifications of residential loans.  The loan modification industry has been extremely misleading for homeowners.  Government assistance programs such as HAFA, HAMP, HOPE NOW, and the Making Homes Affordable Program have been complete failures due to the fact that bank participation is voluntary.  According to the Las Vegas Review Journal, "Most homeowners in Las Vegas are so far upside down on their homes, (owing significantly more than their home is worth) that they don't qualify for the government's $75 billion Home Affordable Mortgage Plan."  Nevada is currently ranked #1 in foreclosures and has the highest unemployment in the nation. Most experts predict that it will take a very long time for the Las Vegas economy to rebound.

THERE IS NO GOVERNMENT PROGRAM THAT FORCES LENDERS TO MODIFY YOUR LOAN.  According to the Attorney General’s office, money spent by homeowners on mortgage modification is "worse than some of the odds at the casino tables."  Simply put: Banks are not motivated to modify your loan.  It's a sad fact that it remains more profitable for Banks to foreclose, and throw a family out on the street than approve a loan modification.  Banks do NOT care about your financial dilemma...they only care about bottom line profits and their stock value.  Since Banks are looking out for their own financial best interest, shouldn't you do the same? 

Please be advised that Banks are NOT your friends. Bank are debt collectors and do not represent you. Anything you say to a Bank is being tape recorded and any document you send a Bank may be used against you to collect the debt. If your home is currently in default, or if you are about to fall behind on your mortgage payment, contact us right away. YOU HAVE OPTIONS. If your home has become the single greatest source of stress in your life, then a short sale may be the best option for you and your family.

Is a Short Sale Right for You?

IT'S NOT YOUR FAULT THAT THE LAS VEGAS HOUSING MARKET CRASHED.  You are NOT alone.  When the mortgage bubble exploded, Nevada was ground zero.  There is no reason to pay off $300,000 in debt when the home you bought is now worth $150,000.  It makes rational sense to walk away and get a fresh start.  Too many people refuse to recognize a mistake, and then they compound the mistake over and over by spending their entire life savings, 401(k)'s, retirement savings, and even borrow money from family to avoid accepting the reality of the situation. 

Remember that until you have equity in your house, all you are doing is renting.  That's correct!  You are renting from the bank!  Even with a loan modification, homeowners may have no equity in their homes for a decade or more.  According to industry experts, it could take 10-20 years (or more) for the Las Vegas Real Estate Market to rebound.  Unless you have equity in your home, you are better off selling your home through a short sale and buying another home down the road (that will likely cost HALF of what you paid!)  The only difference between renting vs. making mortgage payments on a home with no equity is that if the roof leaks or the air conditioner goes out in the rental, your landlord pays for it.  If anything goes wrong in the home you are paying the mortgage on, YOU PAY FOR IT.  You also pay the homeowner's insurance and the property taxes.  Why would you incur these expenses on behalf of the bank?

Reasons To Consider a Short Sale

Q. Do you owe more than your house is worth?

Q. Are your mortgage payments too high?

Q. Is your monthly payment about to adjust?

Q. Have you been turned down for a Loan Modification?

Q. Have you lost your job, become ill, or lost a loved one?

Q. Do you want to WALK AWAY and not owe a dime?

Q. Are you experiencing financial hardship?

Q. Are you stressed and not sure what to do?

Q. Do you want to avoid foreclosure and get a "Fresh Start?"

Q. Are the banks calling and harassing you at work and home?

The decision to pursue a short sale for your home can be an emotional issue often dependent on many factors.  For most families, their home is their largest financial asset, however, in Las Vegas, most homes are "upside down" in value, meaning homeowners owe more than their house is worth.  While it's easy to become emotionally attached to your home, it's important that you don't fall into the trap of making the decision a personal one. 

Over 50% of homeowners who get served with a Notice of Default do absolutely nothing.  If you are like so many homeowners and your home is under water and you don't know what to do.  Call me and get the help you need.  I guarantee to provide you with professional, ethical and confidential service. I can list your home with no yard sign, no flyers and with complete confidentially.  Your neighbors don’t need to know.

Remember, you can NEVER lose your "HOME."  Many people confuse a "House" with a "HOME."  A "House" is simply drywall, stucco, carpet, wood and paint.  A "HOME" represents the special people, treasured memories and personal belongings which go inside.  A "House" can be replaced.  A "HOME" is PRICELESS.  Nobody can take your "HOME" from you.  Love your "HOME," for it will ALWAYS be uniquely yours.