Las Vegas Foreclosure

Things That Must Be Done ~ Now!

If you are facing the possibility of foreclosure or are already in the middle of the foreclosure process on your Las Vegas Home, here are a few things you must do, and now!

Get It Together

Get all your paperwork together, including bank statements, account numbers and any correspondence from the Beneficiary or Trustee. I can’t tell you how many times I have sat down with a homeowner who could not even locate a bank statement. Having everything together will make it easier to put together an action plan for the homeowner.

Know Your Options

Understand your options and make a decision as to what course of action you will take. (What are my options?) Homeowners can make bad decisions under stress. It is important to understand your options and, with a clear mind, make a decision you can live with for the rest of your life.

Seek Wise Council

If are considering selling your Las Vegas home, it would be wise to use a Realtor® who is knowledgeable of the foreclosure process. Read though the foreclosure related articles on the Welcome Home Nevada website to educate yourself on the terms and process. How do you make sure a potential Realtor® understands foreclosure in Clark County? Here are a few questions the Realtor® should be able to answer without hesitation:

  • Can you define the necessary terms and processes related to foreclosure?
  • Do you know how long the foreclosure process takes?
  • Do you know where I am at on the foreclosure timeline?
  • Can you tell me what options I have?
  • If the auction date is nearing, how will you postpone the Trustee Sale?
  • How many foreclosure transactions have you completed?
  • How many foreclosure transactions have you been unable to complete?

You will find that 99% of Las Vegas Realtors® have a very small understanding of foreclosure in Clark County Nevada. Most of them like the idea of doing foreclosure, but don’t realize how hard it really is. In my opinion, next to commercial real estate, it is the most difficult real estate work a Realtor® can do. It’s not an easy living.

You will be hard pressed to find a Realtor® more knowledgeable about Las Vegas foreclosure than your Welcome Home Nevada Realtor.

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