las vegas foreclosures: It is Now Criminal (misdemeanor) to Destroy your Las Vegas home in Foreclosure - 10/02/11 09:04 PM
The Nevada Senate has made it criminal (misdemeanor) to do the following to your Las Vegas Home in Foreclosure:
Assembly Bill No. 373–Assemblyman Goicoechea
CHAPTER..........
AN ACT relating to real property; prohibiting under certain
circumstances the removal, concealing or destruction of real
property that is subject to foreclosure with the … (16 comments)
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las vegas foreclosures: Las Vegas Mortgage Assistance, Principal Reduction & Second Lien Relief Programs VIA Nevada Hardest Hit Funds - 08/25/11 04:24 PM
Nevada has received money from the US Treasury to provide assistance and relief with the following programs via “Nevada Hardest Hit Funds” program:
Mortgage Assistance Program
Principal Reduction Program
Short Sale Program
Second Lien Relief Program
Several factors to qualify for this program:
Owner Occupied
Legal US Resident
Loan Originated 1/1/2009 … (6 comments)
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las vegas foreclosures: Las Vegas Short Sale or Foreclosure? Confused? Free Class by Local Attorney. - 05/21/11 04:07 PM
Many Las Vegas area homeowners are faced with that question. The problem is, each homeowner’s circumstance is different. Short Sale is not necessarily a blanket solution to each homeowner’s problem. If you have questions concerning your financial future, I encourage you to attend the following free event by a local … (8 comments)
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las vegas foreclosures: Short Sales, BPOs & Shenanigans, OH MY! - 03/02/11 08:29 AM
Las Vegas Short Sale listing agents are sometimes paranoid and go a little too far to make sure their short sale listing has a BPO (Broker Price Opinion) or appraisal coming in at the right price. Sometimes they absolutely have a right to be paranoid because they did the right thing and … (38 comments)
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las vegas foreclosures: Ca$h or Credit? Las Vegas NV Area REO Financing Profiles for December 2010 (includes Henderson & North Las Vegas) - 02/15/11 02:23 PM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may … (8 comments)
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las vegas foreclosures: Las Vegas NV Area Market Watch (includes Henderson & North Las Vegas) - 02/10/11 09:52 AM
**ACTIVE Las Vegas Real Estate Inventory Sees a Rising Slowdown!**
Active Las Vegas Residental Resale MLS Inventory has risen for 7 straight months but experienced a slowdown in December. This is mainly due to first time buyers exhausting the market due to their tax credit expiring - this is not … (4 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas - 02/07/11 10:19 AM
Last Month's Report on Las Vegas Valley Economic Conditions
Housing Conditions:
Foreclosure/Short Sale Listings (1/15/2011): Total Listings 15409; Short Sales: 7724, 50% of all listings; Bank Owned Listings: 3368, 22% of all listings. Short sale and REO listings consume 72% of total listings
New Home Sales (December … (10 comments)
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las vegas foreclosures: What is Shadow Inventory? - 01/22/11 03:07 PM
What Exactly is Shadow Inventory in the Las Vegas Real Estate Market?
Shadow Inventory has been a HUGE boogeyman in the Las Vegas Real Estate Market. Experts wring their hands and have been telling us for YEARS how we are just going to get a bunch of Las Vegas REOhomes for sale just dumped on us overnight.
… (76 comments)
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las vegas foreclosures: Las Vegas NV Area REO Inventory Report for December 2010 (includes Henderson & North Las Vegas) - 01/18/11 04:36 PM
Las Vegas Area REO Inventory has FALLEN since last report (-41 units), Under Contracts have FALLEN (-334) units Closing data has RISEN (+453) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.
REO sales accounted for 53% of all Las Vegas Area Valley resale … (6 comments)
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las vegas foreclosures: Ca$h or Credit? Las Vegas NV Area REO Financing Profiles for November 2010 (includes Henderson & North Las Vegas) - 01/16/11 12:27 PM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may … (11 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas) - 01/09/11 03:52 PM
Last Month's Report on Las Vegas Valley Economic Conditions
Housing Conditions:
Foreclosure/Short Sale Listings (12/15/2010): Total Listings 15666; Short Sales: 7817, 50% of all listings; Bank Owned Listings: 3409, 22% of all listings. Short sale and REO listings consume 72% of total listings
New Home Sales (October … (8 comments)
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las vegas foreclosures: Cash or Credit? Las Vegas Area REO Financing Profiles for October 2010 (includes Henderson & North Las Vegas) - 12/13/10 09:22 AM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may … (11 comments)
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las vegas foreclosures: Las Vegas Realty News: Changing Your Marital Status During a Financed Escrow! - 12/11/10 01:48 PM
This is part of my series: “Things That Can Make Your Las Vegas Financed Home Purchase *Blow Up* in the Middle of a Transaction.”
My ultimate goal in this series is to make Las Vegas Home Buyers aware of the challenges of a specific home’s eligibility for financing.
Congratulations! Your lender … (37 comments)
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las vegas foreclosures: Freddie Wants MORE $$$ but I Think Freddie Doesn't DESERVE More Money! - 11/03/10 01:19 PM
The Associated Press is reporting that Freddie Mac reported a $4.1B 3rd quarter loss and is asking the government for an additional $100 Million.
Wait one moment here! This is the same horribly inefficient Freddie that takes forever to make decisions on their assets for sale and once they do make … (24 comments)
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las vegas foreclosures: Combatting Las Vegas Valley Copper Theft! - 08/21/10 01:53 PM
Yesterday while showing homes in two subdivisions side by side with high vacancy rates and boarded up homes, it appears there was another recent rash of A/C units stolen for the copper. The units were gutted and the copper was stripped all the way to the home. We meandered into neighboring … (48 comments)
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las vegas foreclosures: North Las Vegas | Henderson | Las Vegas NV July 2010 REO Inventory Report - 08/16/10 02:01 PM
Las Vegas Area REO Inventory has RISEN since last report (+262 units), Under Contracts have RISEN (+85) units Closing data has FALLEN (-35) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.
REO sales accounted for 44% of all Las Vegas Area Valley resale … (9 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley July 2010 (includes Henderson & North Las Vegas) - 08/03/10 03:55 PM
Economic Conditions for the Las Vegas Valley June 2010
Housing Conditions:
Foreclosure/Short Sale Listings (7/15/2010): Total Listings 11716; Short Sales: 5231, 45% of all listings; Bank Owned Listings: 2476, 21% of all listings. Short sale and REO listings consume 63% of total listings
New Home Sales (June … (9 comments)
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las vegas foreclosures: Las Vegas NV Area June 2010 Short Sale Inventory Report: WOW! WOW! WOW! CLOSED UNITS JUMP - 07/16/10 05:46 PM
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +672 units. Under Contract has DECREASED by -925 units. Sold units have INCREASED by +377 units.
There are many reasons for the lack of closings in this market and it is outlined in this … (4 comments)
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las vegas foreclosures: Las Vegas NV Area Sales by Type - History **New Report** - 07/16/10 01:04 PM
Las Vegas Area Sales by Type - The History of the Last Year!
This report is a special request from a lender collegue. I am going to include it in my regular Las Vegas Area Listings & Sales by Type Monthly Report HOWEVER I think the first one deserves special … (7 comments)
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las vegas foreclosures: LENDERS ARE GOING AFTER BORROWERS POST-SHORT SALE - 07/01/10 01:35 PM
It is always a good idea to have a lawyer review your case and your short sale approval before, during and after the process.
Comments are disabled, please see Derik's post to comment:
Via Derik N. Lewis, Attorney & Broker (Saris Realty, Inc. / Lewis & Associates):
LENDERS ARE GOING AFTER BORROWERS … (0 comments)
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