Bank-Owned and Short Sale Property
What is a short sale? What is an REO? You've probably heard these terms before, but you may not be entirely sure what it means. A short sale is when the owner of a property is selling their home for less than what is owed. In short sale situations, the owner and/or their Realtor will negotiate with their lender in hope that the bank will accept the short. REO stands for real-estate owned and is also commonly referred to as bank-owned. When an individual defaults on their mortgage and is subsequently foreclosed on, the property goes back to the bank. These homes are bank or REO properties.
Team Heidel is very experienced and knowledgable about bank-owned and short sale properties. We have successfully negotiated several short sales and we have closed on many REO properties. If you are interested in purchasing bank-owned or short sale property, don't forget to take advantage of Team Heidel's MLS Property Search. We look forward to working with you!
Helpful Handouts
Las Vegas Housing Appreciation 2004
Las Vegas Housing Appreciation 2005
Las Vegas Housing Appreciation 2006
Las Vegas Housing Appreciation 2007
Las Vegas Housing Appreciation 2008
Las Vegas Foreclosures 2007
Las Vegas MLS Area Map
Las Vegas School Guide
Las Vegas Utility Information
Las Vegas Zip Code Map
Short Sale Disclosure
