FREE Community Event Provides 'Life-line' Solutions to Drowning Southern Nevada Homeowners

LAS VEGAS, NV, October 19, 2011 (Press-News.org) On Wednesday, October 19, 6-7pm, real estate professionals will gather to provide answers and offer possible solutions to struggling Southern Nevada homeowners. Coldwell Banker Premier Realty (CBPR) will facilitate a FREE public roundtable taking place at the Veteran's Memorial Leisure Services Center, 101 N. Pavilion Center Drive, Las Vegas 89144. This is a rare opportunity for consumers to ask questions directly of real estate experts all under one roof, regarding their housing options. Representatives include Wells Fargo, Ticor Title of Nevada, Cogburn Law Offices, Millennium Consulting Group, along with CPA's Payan & Frost who will share information about the tax implications of a short sale Vs. foreclosure, and how both options affect the consumers' credit and their ability to purchase a home in the future. "Even though 'short sale', 'foreclosure', 'loan modification' 'deficiency judgments 'are the current buzz words, most homeowners have little idea what these terms mean or what the short sale process looks like. We have assembled a team of real estate professionals to provide answers and accurate information that people deserve to know," says Bob Hamrick, Chairman and CEO of Coldwell Banker Premier Realty.

This roundtable, just one in a series of Neighborhood Awareness Campaign (NAC) events, will help educate homeowners about a variety of housing programs. "NAC is a grass roots initiative where our sales associates are at ground zero going door-to-door speaking with residents and offering help for consumers who are upside down in their mortgage and don't know what to do about it. We are also creating alliances with HOA's (Home Owner Associations) and property management companies to provide hope for anyone who is in a housing crises." states Hamrick.

A "short sale" means that the lender is willing to accept less money for a property than the borrower owes. Some experts and financial advisors see a short sale as a financial strategy. In the past consumers has been critical of the Home Affordable Foreclosure Alternative (HAFA) for not expediting short-sales leaving homeowners frustrated with the process and lack of answers. According to First American Corelogic, currently nearly 66% of Las Vegas valley homeowners are upside down in their mortgage, meaning they owe more on their loan than what the house is worth, representing nearly 280,000 homes in Las Vegas - the percentage of underwater homeowners has been as high as 75% at one time.

The public may RSVP by email at NAC@CBVegas.com or on line at http://bit.ly/mP6dwm or by calling 702-877-6200. The event is FREE but registration is highly recommended for this limited seating community event.

For more information on CBPR, please call (702) 939-5102, or visit the company website at http://www.lasvegashomes.com.

Coldwell Banker Premier Realty is a service-driven, highly productive team of professional sales and support people. We are dedicated to consistently providing superior real estate brokerage and related services, setting the industry standard of value and excellence.