The Karten Group gets Mortgage Balance of $196,414 forgiven by lender on Mountains Edge Short Sale for Las Vegas Homeowner

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SPS (Select Portfolio Servicing) gives homeowner $3,000 as relocation incentive bonus in addition to debt forgiveness when short selling a home. Many lenders are pursuing homeowners to short sale instead of letting the homes go into foreclosure, such as this Mountains Edge short sale.

Successful short sale in Mountains Edge Las Vegas Nevada
There's a misconception that short selling your home will cost you money. At The Karten Group, there are no fees, the bank pays the cost of selling the home and in many cases, pays the homeowner to help move to their new residence.

The Karten Group at Rothwell Gornt, Las Vegas Realtors who specialize in assisting distressed homeowners, have successfully closed another short sale, relieving the homeowners of almost $200,000 in negative equity.

Mark Karten, who negotiates with each lender personally said, "This is a clear example that shows no two short sales are alike. These homeowners were relocated to California and decided to rent out their home, hoping the market would turn around." Karten continues, "After three years of paying the difference each month and considering letting it go to foreclosure, they finally reached out to us for help."

"Homeowners no longer living in their home still have the opportunity to short sale, even if it's tenant-occupied or vacant. Investor guidelines vary from lender to lender, so it's important to meet with an experienced short sale listing agent."

Karten says, "Banks prefer short sales over foreclosures, which saves them tens of thousands in additional legal fees and maintenance costs. Too many distressed homeowners continue to think their home will have positive equity in the near future. The truth is that a short sale is the lifesaver they've been waiting for - yet many continue to ignore the signs."

A short sale is a complicated transaction and Karten holds numerous short sale designations and certifications along with his experience in countless short sale closings. "The peace of mind that my clients feel after we close on their home is one of my greatest rewards." says Karten, "I wish everyone would reach out and seek advice if they're experiencing any trouble paying their mortgage, whether it's for a loan modification or a short sale."

There's a misconception that short selling your home will cost you money. At The Karten Group, there are no fees, the bank pays the cost of selling the home and in many cases, pays the homeowner to help move to their new residence.

About The Karten Group - Started in 2007, Mark Karten heads a team of Las Vegas Realtors who specialize in representing sellers and buyers throughout Las Vegas and Henderson. Mark Karten is highly trained to achieve the best outcome for homeowners. His designations and certifications include Certified Distressed Property Expert (CDPE), Certified Foreclosure Alternatives Consultant (CFAC), Certified Short Sale Professional (CSP) and Short Sale and Foreclosure Resource (SFR.) Although headquartered in Las Vegas, the group serves the entire Las Vegas Valley, including North Las Vegas, Summerlin, Rhodes Ranch, Mountains Edge, Green Valley, Henderson and Lake Las Vegas.

The Karten Group has negotiated successful short sales for homeowners with loans from Bank of America, Wells Fargo, Citi, Chase, GMAC, Seterus, Nationstar, Suntrust and many others.

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Mark Karten
The Karten Group
(702) 252-7836
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