The Smith Team does not guarantee that all homeowners will be able to purchase a new home, or what the waiting time might be to re-enter the housing market. This will depend on many factors including your credit history prior to the short sale.
Not all property owners will qualify for government assistance programs such as HAFA. Banks do not have to participate in HAFA. Restrictions apply.
Nevada state law (NRS116.4109) requires sellers to provide and pay for a HOA resale package. If you are in a home with one or more HOA’s there might be state mandated fees required to comply with Nevada State Law. Also, property owners will be required to provide a buyer with all CIC disclosures.
The Smith Team are not CPA’s or accountants, nor are we qualified to give tax advice. We at The Smith Team are also not lawyers and not qualified to give legal advice. This web site is for information purposes only. The use is not intended for offering legal advice. All clients of The Smith Team are encouraged to seek advice from a real estate attorney and a qualified CPA. |
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