Distressed Properties
Most properties for sale in Southern Nevada that are referred to as “distressed” for the public to
purchase are in fact either REO, (foreclosures that have gone back to the lender) or Short Sale
properties. Currently these properties still make up the vast amount of inventory available. Even
an experienced homebuyer will need the trusted guidance of a seasoned Realtor to navigate the
risks and rewards of purchasing distressed properties. I am experienced and versed in the process-
please don’t hesitate to utilize my service for no hassle advice and guidance- most importantly,
Results. See what past clients have said about their experience…TESTIMONIALS.
Quick Definitions
Short Sale- a home that is listed for a price lower than the amount owed on the mortgage.
Homeowners hope to sell their home as a short sale to avoid penalties associated with going into
foreclosure.
Foreclosure- the process that transfers the right of home ownership from the homeowner to the bank
or lender.
Real Estate Owned (REO) - a property which is in the possession of a lender as a result of
foreclosure or forfeiture.
Not everyone’s needs fit in a box…
When you sign up for Notifications, it is a customized search whereby you select the
area, bedrooms, square footage and other criteria that are important to your selection of
a home. We go beyond offering filling in the boxes on standard search sites. Please use
the Comments section to address needs or criteria that won’t fit in a box. I or my team
personally enters your search criteria including your customized requests and you receive
timely notified of a match. You view the most updated home information available. The
ease of Notifications is you are automatically emailed when matching Property is listed in
the MLS. You contact us- we provide additional information at your request, including your
appointment to view the property. Be the first to know when the property has been listed
in the MLS, not the last! What does this service provide you? A strategic advantage in
obtaining timely information about a property that could be the one!