house: Mortgage fraud thrives even in this market - 09/01/08 09:48 PM
The real estate market is pretty tough right now in countless areas of the country. There are many reasons to it, one of which is the mortgage industry. Due to severe losses recently lenders have tightened their underwriting standards and flat out cut off many home loan programs that got them … (28 comments)
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house: Is an HOA for you? - 07/17/08 10:52 PM
Homeowner's associations, or HOAs, have at times been berated by angry residents who feel they've been wronged by the rules that are part of the deal in certain communities. Or perhaps not the rules themselves but how someone in the HOA management interprets them. Anyhow, it's important to know what the … (2 comments)
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house: Are mortgage borrowers well informed? - 07/05/08 09:22 PM
At first look, the foreclosure epidemic that is currently roiling the home loan industry is clearly pointing in the direction that a good portion of buyers are relatively unconcerned about the mortgage program they signed for and that's why they are now in distress. The number of foreclosures, however, is only … (14 comments)
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house: Green building to the rescue - 07/01/08 10:43 PM
A lot of exhaustive debate is going on around the country about how to start resolving our worsening energy crisis. Well, that's good. In reality, though, this same topic has been discussed in U.S. Congress, college campuses, energy conventions, just about everywhere really, for a couple of decades now and nothing … (6 comments)
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house: Real estate rip-offs on the move - 06/29/08 10:10 PM
The housing and mortgage markets are having a less than robust time these days and that is like an invitation to scam artists who know a thing or two about the real estate business. They generally go for the homeowners struggling with their finances, in other words the ones who are … (12 comments)
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house: Las Vegas real estate prices turn more affordable - 04/26/08 08:07 PM
The current crunch that descended on the Southern Nevada housing market is slowly working on what it is designed to do. It was invited to the valley by stark economic realities that had learned the bazaar had grown overheated and was actually about to spiral out of control. Home prices were zooming, … (4 comments)
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house: Short sale can be a headache this big - 04/21/08 09:33 PM
Mortgage foreclosure is something that isn't advantageous to have glaring at you from a credit report. It has a large negative impact on FICO's computations and can make future credit very costly to obtain, if it's available at all. Before a distressed homeowner resorts to that route, another option has increasingly … (14 comments)
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house: Mortgage walkaways face unkind future - 04/20/08 10:42 PM
The tough real estate market gripping large sections of the country has incubated multiple trends and one of the more noteworthy of them is the mortgage walkaway. This is where a distressed homeowner or an out-of-luck investor decides to cease loan payments and at some point later on hands in the house … (2 comments)
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house: Mortgage foreclosures more common in outlying Las Vegas suburbs - 04/17/08 08:52 PM
Very little has changed in the last few months. Nevada still ranks as number 1 in the country in mortgage foreclosure filings with 18,087 for the first quarter of this year, according to California firm foreclosures.com. The state just can't seem to shake that undesirable position. Clark County has nearly 16,000 … (2 comments)
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house: Las Vegas housing market report mixed - 03/15/08 04:54 PM
Southern Nevada residential real estate market is actively seeking a solid foundation to stand on. Some of its more meaningful components are either moving up a little or heading down a bit, instead of going steadily in either direction. The positive thing is that the shifts now are minor which usually … (8 comments)
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house: Summerlin introduces creative real estate marketing - 03/12/08 10:11 PM
Like so many other housing markets across the country Las Vegas, too, is feeling the adverse effects of tightening mortgage guidelines, slumping home values and skittish buyers. It's a major task to sell a property under these testing circumstances.
Real estate agents, FSBOs, lenders, whoever is selling, have burned the midnight oil … (2 comments)
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house: Las Vegas resale house inventory stable - 02/17/08 12:04 PM
Single-family home inventory for January stayed flat, announced Greater Las Vegas Association of Realtors or GLVAR, after having declined gradually for four successive months. That can still be categorized as positive news on account it didn't go higher. The market appears to be firming up, possibly managing in the coming months … (10 comments)
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house: Lake Las Vegas project has a new owner - 01/12/08 01:09 PM
Transcontinental Corp. began developing the 3,592-acre Lake Las Vegas site near Henderson in 1990 and was building upscale houses, condominiums and townhouses along the slopes of the man-made lake. Besides homes, the project also includes three luxury resorts, the MonteLago Casino and an Italian-themed village.
The soft real estate market in … (6 comments)
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house: State of the real estate market today - 01/07/08 10:20 PM
The national mortgage and real estate market headlines last year were overwhelmingly pessimistic, implying that the roof is about to cave in. Many large and small lenders failed, some predictably and others unexpectedly, and several are still struggling to stay afloat. Growing foreclosure anxiety continues to keep the midnight oil burning … (16 comments)
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house: Las Vegas housing crawls along - 12/23/07 09:41 PM
The November residential real estate indicators for Southern Nevada were recently published by Home Builders Research and SalesTraq, two local industry research shops. In general the numbers are down, an altogether familiar pattern for the past several months.
In the new home category sales are off by 47.5% from last year and … (2 comments)
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house: Mortgage foreclosure scam guard - 12/19/07 12:16 PM
Be prepared. The scam artists are on the move. The inevitable byproduct of any market distress is the introduction of them to further complicate the already confusing situation. According to the FBI foreclosure fraud numbers are as high as they have ever been, having received 35,000 reports last year that adds … (6 comments)
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house: Las Vegas developable land hunt - 12/07/07 10:53 PM
Downtown and its surrounding areas have long had a questionable reputation and a leisurely drive through there will quickly spell it out why. The only bright spot has really been the Fremont Street Experience with its well-lit casinos. Only the brave would choose to go that way after dark, much less … (6 comments)
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house: Las Vegas real estate sold by auction houses - 12/05/07 01:06 PM
As the Southern Nevada real estate market struggles with a high inventory of unsold homes, sellers are trying to find ways to successfully move their properties. They list them with Realtors and the MLS, some decide to proceed on their own as FSBOs and advertise in the newspaper and the Internet, they distribute … (4 comments)
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house: Colliers International opens Las Vegas office - 11/30/07 06:41 PM
Many might wonder if now is the best time to open another residential real estate office here when the market is clearly having its problems. There is an abundant oversupply of houses, condominiums and townhouses for sale, many of which are vacant, and they are moving slowly despite lower prices. But … (2 comments)
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house: Las Vegas rental housing grief - 11/13/07 04:50 PM
The issue under the microscope of the local governments is a narrow section of the rental market here. Those who invest in homes to lease them long-term, like a 1-year contract to start with, are outside this argument and are free to continue with their programs. It's the short-term rentals, the … (2 comments)
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