If you are contemplating a Las Vegas Foreclosure we can help you by working closely with you and your bank or secured creditor. We have a dedicated team of Foreclosure Specialists who handle only Foreclosure, REO and Bank Owned homes and we have relationships in place with many banks and lenders throughout the Las Vegas area. We have an intimate knowledge of a Las Vegas Foreclosure process and can help you in a number of ways.

Contact us and we will let you know if or how we can help you – we are sympathetic to your position and will do what we can to assist you. Some Tips on Avoiding and/or Dealing with Foreclosure:

1. Ignoring your position is not good – the further behind you become on your loan payments the more difficult it will be reinstate your loan, which will increase your chances of losing your house.

2. Contact your bank or lender as soon as your situation becomes difficult – most lenders do not want to take possession of your home and they have options that can be deployed on your behalf to help you. You have more leverage and options than you may realize.

3. Read all correspondence from your lender or bank – there will be important information that will map out your options that you want to be aware of.

4. Get a good grasp of your mortgage rights – carefully read your loan documents so you will have an understanding of what your lender may or may not do in a foreclosure situation.

5. Know what your Foreclosure Prevention options are – contact the Department of Housing and Urban Development to learn more about your Foreclosure options and to reach a no charge HUD Counselor.

6. There a many companies that offer for profit Las Vegas Foreclosure services – most do not offer much value. In most cases your better off contacting a HUD approved counselor who will provide free services; or (small plug) contact us, we may be able to set up a “short sale” for your home.

Note: A Las Vegas Short Sale occurs when a specific piece of property is sold and the Lender agrees to accept a fair market price that is less than what is owned on the property.

7. We would not recommend signing over the deed to your home to a third party, even if they tell you they can stop a foreclosure process immediately – you may end up a renter in your own home. Again, contact a HUD approved counselor, one of our Foreclosure Specialists or an attorney.

More Information: 

• Las Vegas Foreclosure Sales Overview
• Las Vegas Foreclosures Buying Tips
• Visit our Blog for Tips on Buying/Selling Foreclosures
• Las Vegas REO Bank Owned Overview for Investors & Homeowners
• Las Vegas REO Frequently Asked Questions (FAQ)
• Las Vegas Short Sale Page
• Las Vegas Homeowner Weighing Short Sale Process
• Foreclosure Investing Strategy for Las Vegas Foreclosures