Deficiency Balance - Las Vegas Attorney
The Law Office Rodney K. Okano will make sure that you are not left with an unexpected deficiency balance after the completion of your short sale. A short sale is both a real estate transaction and a debt settlement process. You need to have an experienced Las Vegas attorney on your side. To schedule a free consultation with an experienced Las Vegas Attorney at the Law Office of Rodney K. Okano, call (702) 566-3600Deficiency Balance Nevada
In Nevada, most real estate loan have recourse status. This means the lender has the right to pursue recovery against the borrower for amounts (based on loan balance or value of property) not received from the foreclosure auction or short sale.
The purpose of a Short Sale is to relieve the homeowner from the financial obligation of paying for the mortgage. Negotiating with the bank and avoiding a deficiency balance requires knowledge of Federal and Nevada debt collection and asset protection laws. Realtors do not have the basic legal knowledge and ability to adequately protect your interests. As a consequence, many homeowners whom have used only a Realtor have been hit with a deficiency lawsuit after completing a short sale. You need to have an experienced Las Vegas attorney on your side.
Las Vegas, Nevada Short Sale Attorney
The Law Office of Rodney K. Okano will guide you through the entire short sale process. We work with Las Vegas’ top real estate professionals to get your house listed and a buyer located as quickly as possible. Once an acceptable offer is made, we present your short sale package to your lender in the most favorable light possible. Our years of legal practice and ability to offer you all options make us uniquely qualified to obtain you the most favorable outcome possible.
To speak with a Las Vegas Attorney to explore all of your options on Deficiency Balance, contact the Law Office of Rodney K. Okano in Las Vegas, Nevada. For assistance, call (702) 566-3600.
