Shaquille O’Neal wants to be a Real Estate Investor

From the Orlando Sentinel -> Shaq: I can help Homeowners fight off Foreclosure

“Attorney Mark NeJame, who arranged the visit along with longtime friend and Realtor Curtis Cooper, said the star center wants to buy the mortgages of homeowners who have slipped into foreclosure because of high interest rates. He would sell the homes back to those troubled buyers with more affordable terms, hoping to make a small profit.”

Shaq: Feel free to correct me If I’m wrong, but I’m assuming you want to work with Homeowners who:

  1. Are Upside down on their homes and owe more then their home is worth.
  2. Qualify for a Short Sale due to a hardship such as Loss of Job, reduction in pay, Medical Bills or Divorce.
  3. Want to stay in their homes, but do not want the mortgages for homes that were inflated in price.

For the Las Vegas real estate investor this is a great option to pursue. We are often contacted by Las Vegas Homeowners who need to do a short sale but do not want to move and would like to stay in their homes as tenants with the option to re-purchase their home sometime in the future.

Their mortgages have reset and the payments are more then they can afford, their Las Vegas home is worth significantly less then what they purchased it for and they qualify under a “hardship” to negotiate with the bank and get out from their mortgage.

For the Las Vegas real estate investor that does not want to play around with Lenders Asset managers and Real Estate agents still playing games (ridiculously low prices in the attempt to get in as many offers as possible to create a bidding war), dealing with Las Vegas bank owned properties that may need significant repair and finding new tenants this is a very smart alternative.

Now that we are seeing signs of the bottom with the increase in sales for Las Vegas real estate, it’s a great time to help the Las Vegas homeowner and buy some great Las Vegas real estate.

As Las Vegas Short Sales Specialists, you can contact us with the information below if this is something that would interest you and you would like more information.

Paul Francis, CRS
Las Vegas Short Sales
www.LasVegasRealEstate4u.com
702.592.3058

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