“Considering how damaging a foreclosure can be for a person with a career that depends on having a security clearance, it is vital that folks get an understanding of how short sales work,” Michaels said. “This report is the latest addition to my website and it gives a person who depends upon a security clearance for employment a way to inform themselves what could be their best option.”
Currently, one in seven mortgages is in some stage of delinquency. Once a mortgage payment has been missed, the lender has the right to begin the foreclosure process. A short sale can potentially minimize the damage to one’s future loan eligibility, credit score, employment, security clearance and more.
“The statistics are incredible. As many as seventy percent of people who go into foreclosure never talk to one real estate professional about their options,” Michaels said. “My hope is to inform the Las Vegas community that there are legal, dignified alternatives to foreclosure. Like a short sale, for instance.”
Foreclosure is arguably the most challenging issue against a security clearance outside of a conviction of a serious misdemeanor or felony. For anyone with a high level security clearance, a short sale may help avoid internal charges of bringing discredit to their agency. Michaels believes that taking the route of a short sale instead of a foreclosure may help homeowners, who hold a security clearance, maintain a “blameless” record that remains above reproach.
Many government agencies and private companies with restricted access maintain strict off-duty conduct policies for their employees. These policies do not exclude an employee’s handling of personal finances. “I have clients who tell me they will be fired if the payroll department receives a request to garnish wages. These kinds of clients find comfort in short sales because not only do they get relief from debt they can no longer afford, but they avoid problems at work,” says Michaels.
Michaels not only wants the community to be informed, she also wants it connected with the right people. “Many are playing fast and loose with the term 'Las Vegas short sale specialist' so it’s important to do some due diligence on the person who is actually going to handle your file. One way to start looking is by making a short list of Las Vegas real estate agents who are certified by credible organizations, like the Charfen Institute.”
Tania Michael is a CDPE® certified short sale specialist in Las Vegas. This designation was issued by the Charfen Institute who provides real estate agents with the tools and knowledge needed to efficiently, ethically and effectively pursue foreclosure alternatives, specifically short sales. In addition to their initial training, CDPE® designated agents are connected to a network of professionals allowing them to remain regularly updated on the complex and quickly changing real estate market.
ABOUT Tania Michaels is a multilingual, multifaceted, award-winning 16-year real estate professional in Las Vegas. Specializing in seller representation (including short sale negotiations) and land acquisitions, Las Vegas homeowners, apartment owners, and investors may benefit from her experience with the residential and land sector which allows her to offer insight from the vantage point of an all-around insider. She can be reached through her website at http://michaelsrealestate.com