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THIS HOUSE HAS BEEN OFFERED TO SHOWCASE AT THE INTERNATIONAL BUILDERS SHOW
The International Builders Show at the Las Vegas Convention Center will not feature The New American Home, a sample home that showcases state-of-the-art home-building concepts, materials and construction techniques that eventually find their way into production homes across the nation. For the last twenty odd years the show has had a sample home on the floor built with new innovations for the eye to see and the hand to touch. Unfortunately the company building the sample home for the trade show ran into money problems with their lender (0 comments)
IT'S BEEN AWHILE SINCE I SIGNED A LISTING Will Realtors eventually find themselves faced with the same fate as travel agents and stockbrokers? Is there truely a real need for a live person to press the fresh to make a property sale or can it eventually be done online like so many other purchases? Is it possible we will become extinct? Some people say it will never happen. I don't know for sure. Will we go the way of the Woolly Mammoth and the Dinosaur? Should we all start thinking about finding a new profession? Real Estate consumers can go on the (27 comments)
Home Foreclosures hurts the lives of families. The process is cold and calculating and doesn’t consider the impact is has on people. The objective of the bank foreclosing is to resell the property and create more wealth and profit for themselves. In a true and fair Capitalistic Environment this would be okay – the banks like all other businesses have every right to make a profit as long as there is a level playing field. The playing field was skewed when the banks were given billions of dollars last February. Where did this money come from? It came (2 comments)
Love can be fleeting, but the declining housing market may last for years. They say love will keep us together, but there's nothing like a bad economy to seal the deal and draw families in under the same roof. It isn't that much different from when I grew up in South Philadelphia. You got married, bought a car and a bedroom set with what was left of your wedding money, moved back in your old bedroom on the third floor of you parent's row house until you and your spouse could save enough money to rent or buy a (15 comments)
The past year has not been kind to divorce lawyers. Divorce is down 4% nationally. Things are different now. The drop in housing prices combined with a declining economy is making couples who would normally part ways stay the course and stick to their vows of death till us part. So many couples are underwater on equity in their homes that they can't sell - split the money - part ways and start their lives anew. If they bought the house jointly and one spouse decides to abandon ship the house could go into default their credit gets creamed for five (46 comments)
In places like Las Vegas, California and Arizona the foreclosures are going to keep going up and the value of homes are going to keep going down. There are $2.5 trillion adjustable mortgages that will adjust from now until late summer of 2011. By next year there is an expectation of 4 million foreclosures nationwide. It is predicted that half of them will occur in Florida, Arizona, Nevada and Arizona. Las Vegas is experiencing an unemployment rate that is nudging near 14%. If this continues for a year or so the prices of Las Vegas Homes will continue to (3 comments)
forensic audits: FANNIE MAE BRAGS TO THE WALL STREET JOURNAL - 12/10/09 09:19 PM
FANNIE MAE FORTRESS Fannie Mae has told the Wall Street Journal they will allow homeowners who would otherwise be foreclosed on to stay in their homes as renters for up to a year. This is the part of the current administrations plans to keep people in a government owned home until the market adjusts. When you look at this program on its face it may seem like a good thing, but if you think about it - maybe not. Maybe the government is allowing the banks to take full advantage of a decimated economy and a declining housing market by (5 comments)
I have noticed several postings that address concerns about the Real Estate Agent's Image. The last one I read spoke about people comparing agents to used car salesman. That doesn't seem fair. We really don't do the same things that used care sales people do. Instead of selling cars to our clients we put them in a car and drive them around to homes we are trying to sell them. We don't stand on freezing cold car lots or blazing hot car lots lying through our teeth about how great a car is. We are much more sophisticated and make sure we when we lie through our teeth (0 comments)
The holidays are on the horizon. Christmas Music is playing everywhere. It's three weeks before Christmas and I'm already sick of Christmas Music, and I kind of like Christmas Music. People are slowly starting to slip into the holiday mode. They are beginning to think about hot-cider, mistletoe and office parties. It's time to eat, drink and be merry. Suddenly the overall attitude of people you are doing business with changes to Next Year. "Let's wait unit after the holidays and we'll finalize the deal next year." You hear things like, "I'm going on a cruise and I'll be back next year. (2 comments)
Friends of mine bought a home in Las Vegas at the beginning of 2006. They paid $375,000 for a modest place in the south-west part of town. When Frank and Connie bought the home they had good jobs and a healthy credit score. As their family grew the cost of cars, insurance, healthcare, childcare and food began to rise and eat away at their bottom line. Although they were struggling to make their house payment they were willing to shoulder the sacrifice believing their home was an investment that would yield dividends for themselves and their children in the future. Then Frank (1 comments)
My experience over the last several months has been that most homeowners who are upside down and sideways on their mortgages continue to pay on them. Forget the reports that people are walking away from their homes in droves. At least in Las Vegas it’s just not happening.
Most people have pride and they want to do the right thing and pay their bills. In his paper "Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis” Brent T. White, University of Arizona Law Professor, talks about people having (2 comments)
ARE YOU RENTING A RESIDENCE WHICH IS BEING FORECLOSED UPON? It used to be if you were renting a place in Nevada that got foreclosed on you could get served with 3 day vacate notice. If you didn’t get the hell out a new owner could file to have you evicted. Now the laws have changed As of May 2009 a federal law was enacted called the Helping Families Save Their Homes Act. The bill says that anyone who is renting a property that was foreclosed on anywhere in America must (4 comments)
When the tides turned for the worst on Las Vegas Real Estate, and I saw people struggling to keep their homes I decided to learn as much as I could about the legal side of Real Property. For the last two years I have been studying, reading and asking questions about how to protect folks who are going through hard times with their homes. Now, for the first time in my life I have found real passion in my work. It gives me a rush when I can help someone scared of losing their home out of a jam. Although (3 comments)
ONE WAY TO SLOW DOWN FORECLOSURE When a Lender of Investor tries to foreclose on a property they normally do not have the original promissory note that displays the wet signature of the homebuyer. When a lien holder does not have the original note they produce an Affidavit of Lost Promissory Note. This Affidavit is a loophole in the law created under a special statute that creates a mechanism to prove prior procession of a financial instrument that was lost by the lien holder. The statute takes into consideration that the lien holder may have lost the note (0 comments)
The Federal Housing Administration, more commonly known as FHA is the insurer of about $750 billion in outstanding mortgages. A HUD Audit on FHA found their cash reserve fund is rapidly depleting and may drop below its Congressionally mandated 2% of insurance liabilities by the end of the year. At a 50 to 1 leverage ratio, the FHA will soon have a smaller capital cushion than did investment bank Bear Stearns on the eve of its crash. FHA is now dealing with a 14% thirty day or more late rate. This is three times more than conventional mortgages. FHA'S cash (1 comments)
CALL ROBIN BASICHIS - 702-279-8025 If were to combine mortgage delinquencies with foreclosures as of today you would come up with a 14.50% national total. This is the highest percentage total on record in. Nevada, Florida and Arizona make up 43% of the national total. Things are likely got get worse before they get better. Stuff like jobs and employment have to come back. Hopefully jobs will start coming back to Las Vegas. Didn't the current administration say it was going to help homeowners who were in trouble? What happened to (4 comments)
They are going to do a census in 2010. I don't think they are going to be asking too many Real Estate questions so it's probably going to be a waste of time. Will you tell the census taker everything about yourself? Will you bare your soul to the census taker? Or will you do something I would never think of doing - like lie to the census taker. What if you said your were making lots of money selling properties and the market is great and still getting better. Would that skew the statistics? Will you let the census taker through the door? You could shout out (3 comments)
There are some entities in places like Hollywood that would have the government act as a spy on the Internet just in case someone commits copyright infringement. What if your kid stole a new idea for a Fox Pilot or an an NBC Pilot and was savvy enough to sell it to another network. Would you be proud of your kid? I would. He’s a good kid, a smart kid, but maybe he knows too much and he pokes around on the Internet too eagerly for stuff like stories and movie ideas because he loves fiction and loves (0 comments)
I know from living here so long that people have lots of mixed emotions about Vegas. To me it is one of the most exciting places on earth with a rich cultural history filled with some of the greatest cutting edge entertainers and big risk takers who went boom and bust and came back again. Vegas reflects the American Spirit - a spirit that is wild,violent and crazy. Too many misguided characters in the press, the law, and politics are out to castrate and emasculate those of us who want to preserve our heritage. They want to take away our (3 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.