In Las Vegas, where foreclosures are running at some of the highest levels in the U.S. many real estate agents are calling themselves short sale experts in an effort to gain business in a bitter battle to survive, but many have little or no experience at selling homes for less than what is owed on their mortgages, according to a team of Realtors who are warning consumers to beware of the fraudsters.
“There are many Realtors who are aggressively advertising their short sale expertise on the Internet, and even on TV,” said Francoise Myers, who heads up the Myers team of short sale experts at Century 21 Money World. “However, many of these so called experts are not even ranked in the top 50 short sale agents in Las Vegas. Closing 5-10 short sale transactions a year hardly makes anyone an expert.”
Las Vegas experienced more subprime and Alt-A mortgage lending during the boom than any other U.S. market, which has led to one of the highest foreclosure rates in the country. A report by IMS Advanced Realty Data Services shows the Myers Team as the top short sales team in Nevada, closing more short sales than any other company in 2010.
Bill and Francoise Myers have helped hundreds of Las Vegas families avoid foreclosure as a result of successful negotiations with the banks and mortgage servicing companies. “Sellers facing foreclosure must remember that banks are not looking out for you or your family,” said Francoise.
“When you work with the Myers Team, our job is to get between you and the bank. We represent our clients, not the banks. It is our job to negotiate the best possible outcome. Ultimately, our job is to take away the stress, and make the transaction as smooth and stress-free as possible.”
According to Century 21 corporate rankings, the Myers Team has been the number one ranked sales team at Century 21 Money World for ten of the past eleven months. The agents attribute their success to aggressive Internet marketing.