Difference Between Las Vegas Short Sales and Foreclosure

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We often hear words like short sales and foreclosure whenever we want to invest in real estate, but a lot of people are not aware of these terms. If you really want to be successful in real estate investing, you need to know the terms that are commonly used in the industry.

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Difference Between Las Vegas Short Sales and Foreclosure

  1. 1. DIFFERENCE BETWEEN LASVEGAS SHORT SALES AND FORECLOSURE Brought to you by: www.ToddMillerTV.com
  2. 2. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREWe often hear words like short sales andforeclosure whenever we want to invest inreal estate, but a lot of people are not awareof these terms.If you really want to be successful in realestate investing, you need to know the termsthat are commonly used in the industry. www.ToddMillerTV.com
  3. 3. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREThe first thing that you need to do is tofamiliarize yourself with the terms that willhelp you understand the industry.Investing in something wherein the terms areunfamiliar for you is similar to exploring anunknown place without any knowledge aboutit. www.ToddMillerTV.com
  4. 4. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREWhen we say short sales, it simply refers to aprocess wherein a person would sell aproperty for a price that is lower than themortgage.This is normally done before a house getsforeclosed, and the seller would simply wantto minimize the damages that foreclosure cando with their credit rating. www.ToddMillerTV.com
  5. 5. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREAlthough there are problems that areassociated with short sales, it is still lessercompared to the problems that you willexperience if you are going to allow yourproperty to be foreclosed.Foreclosure occurs whenever the owner ofthe property no longer has the ability to paythe mortgage, and has used all the allottedtime to do something about it. www.ToddMillerTV.com
  6. 6. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREThis is where some people are heading whenthey invest in real estate because they are notfinancially prepared for it.Some investors are getting their propertiesforeclosed because the agent that they hireddidnt help them get the best deal for them. www.ToddMillerTV.com
  7. 7. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREWhatever the reason is, a foreclosure is still aforeclosure and this could have a negativeimpact on your credit rating.Both short sales and foreclosure should beavoided at all cost but if you dont have achoice, it would be better for you to get into ashort sale, because there are a lot ofadvantages that you can get from it. www.ToddMillerTV.com
  8. 8. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREAside from the fact that you will have enoughtime to look for a buyer, you can also use thetime that was given to you to raise the fundsthat you need to pay your mortgage.These are some of the reasons why there arepeople who are saying that short sales arebetter than foreclosure. www.ToddMillerTV.com
  9. 9. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREHowever, there are still a lot of things that youneed to understand, and your situation couldmake foreclosure better than short sales. Thisis the reason why it is still advisable for you tolook for a real estate agent or a realtor whocan give you an in-depth explanation on theseterms.He will also help you determine which optionwould be best for you, and the things that youcan expect from it. www.ToddMillerTV.com
  10. 10. DIFFERENCE BETWEEN LAS VEGAS SHORT SALES AND FORECLOSUREIf you want to find out more about Las VegasShort Sales, and the things that you canexpect from it, then all you have to do is tovisit our website now!I can provide you with all the information thatyou need about Las Vegas Short Sales andalso help you get the most out of yourinvestments. www.ToddMillerTV.com
  11. 11. DIFFERENCE BETWEEN LASVEGAS SHORT SALES AND FORECLOSURE Brought to you by: www.ToddMillerTV.com

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