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In making a decision on "walking away," I recommend seeking legal advice as well. It is fairly easy to derive a value of your home in South Valley Ranch; there are a lot of comparables in that masterplan.
Price is a small variable in your overall decision. Other tax consequences and legal consequences should be addressed. I am a very successful and experienced Short Sale agent who also lives in South Henderson. If you would like an opinion of value or a legal recommendation feel free to contact me at 702-233-HOME.
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For Sale: $333,333
For Sale: $368,000
For Sale: $249,000