Las Vegas Short Sale Listings Presented by The Stark Team
~Browse the MLS Las Vegas Short Sales~
Each short sale transaction is different and there is no set timeframe for approval
If you need a place to live in by a certain date, this type of purchase is not for you
If you have patience and are comfortable with the fact that you may not be able to purchase the property because a) the bank rejected the short sale b) the lender asked the seller for a note or contribution that he or she is unwilling to give c) the bank asked more a higher price than what you are willing to pay, then this is a good way to buy property at a lower price point than market value on occassion
Short Sales with tenants in place are risky business for the buyer. We try to avoid these unless the Seller agrees to give the tenant notice upon short sale approval, the Due Dilgence period for the Buyer begins after the tenant vacates, and the bank is accepting of these timeframes for inspections.