las vegas short sales: NEVER... EVER Give Up On Your Short Sale! - 09/07/11 09:03 AM
Never... EVER Give Up on Your Short Sale.. As I walked across the office carrying over six folders of paperwork more then one question was asked if I had had a busy day/week. Nope... this is just one file I casually answered. One file? Yep. One file... just closed escrow on it I casually answered again. Easily over 1,500 pages of documentation in those six folders. It took six buyers and five No's to get a yes and get it to closing. Over 600 e-mails... well over 30 hours on the phone in a span of over two years. I personally … (7 comments)
|
las vegas short sales: Major Las Vegas Real Estate Meltdown Avoided! - 06/30/11 06:34 AM
Major Real Estate Disaster Avoided! And a valuable lesson learned.... No.. this has nothing to do with Countrywide doing what a responsible lender should have done before Bank of America was coerced into buying Countrywide and ended up paying another $8 Billion dollars plus for a crap company that helped BK millions of Americans... (Thanks a lot Senator "Countrywide Chris Dodd"!!) This has to do with silly ole me losing my portable zip drive somewhere... my portable little zip drive that I can pretty much use anywhere, anyplace. On that little portable zip drive is over 20 Las Vegas short sale … (11 comments)
|
las vegas short sales: Las Vegas Short Sales Report one year later - 03/29/11 07:28 AM
The Las Vegas Real Estate short sale market or The Las Vegas Short Sale Real Estate market.. not sure which one sounds better a little over one year later. Well... here we are a little over one year later after a report I did about the reality of Las Vegas short sales. Plenty of PR programs from the big loan servicers of how they are helping Joe and Jane Mainstreet move forward in life... No shortage of promises. But the true TEST is year over year performance so let's see where we are one year from my last report right here … (3 comments)
|
las vegas short sales: Foreclosure Mom Lashes out at the Banksters - 10/21/10 08:11 AM
Foreclosure Mom vs. The Banksters
Interesting to say the least...
New PR Campaign in the Works
Insiders for Responsible Banks & Community Lending have hinted about a new campaign to attract new customers away from the big Banksters with an advertising campaign reminiscent of the David Spade commercials with Capital One some years back.
Big Banks got you down giving you the run around? Contact me for a Las Vegas Short Sale and move on in life...
Paul Francis, CRSPrudential Americana GroupLas Vegas Short Sales702.592.3058
… (27 comments)
|
las vegas short sales: Another Program to Help Americans Get Trapped in even more Debt and pay off the lenders? - 08/12/10 12:29 AM
Bigger Bailout for Unemployed Borrowers CNBC's Reality Check with Diana Olick:
Published: Wednesday, 11 Aug 2010 | 3:27 PM ET By: Diana OlickCNBC Real Estate Reporter Bigger Bailout for Unemployed Borrowers "We knew it was coming, as it was part of the recently signed financial reform bill, but today the Obama Administration announced it would be sending another $1 billion to unemployed borrowers to help them pay their mortgages."
This really was no surprise all things considering as program after program is unleashed to try to save something that was broken to begin with. This program was suggested all the way … (1 comments)
|
las vegas short sales: Las Vegas Short Sales Real Estate Report - 02/27/10 03:36 AM
Las Vegas Short Sales Report
Well... not really just Las Vegas Short Sales but since today's Las Vegas Real Estate market is primarily dominated by Las Vegas Short Sales as we all anxiously await for lenders to approve our short sales and let home owners move on in life with a reflection of the real estate correction... let's just call it what it is.
The Las Vegas Real Estate short sale market or The Las Vegas Short Sale Real Estate market... not sure which one sounds better.
Reports indicate that over 60% of homeowners in Las Vegas owe more then their … (18 comments)
|
las vegas short sales: CNBC breaks Story on Short Sale Fraud.. - 01/15/10 04:20 PM
Banksters?
Not Sure if other Short Sale Agents have been receiving the e-mails from Jeremy Brandt requesting information on your short sales experiences concerning the practice of Second Lienholders requesting the sellers come in with extra money at closing in order for them to approve the short sale. Personally... I have not responded to them..
As Short Sales Agents know... just about every short sale approval letter from a first lienholder that allows a portion of the proceeds going to a second lienholder will specifically state the amount allowed and that "Any Additional Proceeds are to Go to the First Lender".
… (4 comments)
|
las vegas short sales: Let's Get To The Truth About HAFA- The New Short Sales Guidelines- Rumors VS Facts - 01/14/10 03:47 PM
I've been meaning to write up something about the new headlines concerning a new program rolling out from the Treasury Dept. concerning short sales called HAFA.
There are loads of rumours flying around from people who have obviously not read the actual 43 page guidelines... And I've already come across bad information being supplied by agents who have never even done a short sale saying the new program is Mandatory for all Lenders to participate / follow. ENTIRELY not true..
Katerina Gasset has written up some great posts that pretty much cover it that I think is very important to … (0 comments)
|
las vegas short sales: Las Vegas Short Sales - The Reality - 12/30/09 02:56 AM
The Truth about Las Vegas Area Short Sales
As the Inventory for Las Vegas Bank Owned Homes available for sale continues to dwindle, more and more attention has been focused on Las Vegas Short Sales.
There are many contradictions out there about short sales and Las Vegas Short Sales so I thought the chart provided by Nevada Title below would give some good insight on the realities of short sales.
October - November Sales Report Courtesy of Nevada Title:
So... What do we have going on here?
Well... According to Nevada Title... to answer the question of … (4 comments)
|
las vegas short sales: Loan Servicers can make more money on a foreclosure than approving a short sale!? - 11/08/09 11:51 PM
Servicers Can Make More Money Foreclosing then Short Selling a Property
A great post by Pacita Dimacali with a collection of very valuable links for consumers (and real estate agents not familiar with the ins and outs of a short sale) to read over that will help explain some issues going on with Short Sales. I've provided a little more explanation into the difference between a "servicer" and the actual investor that owns the loan as an opening paragraph.
From Pacita's Post Below....
Pay Close Attention to:
CONSUMERLAW.ORG REPORt ON "Why Servicers Foreclose when They Should Modify And Other Puzzles … (4 comments)
|
las vegas short sales: Las Vegas Short Sales Information - 05/24/09 08:01 AM
Foreclosures Are Never Easy
I've had plenty of experience including personal experience of what happens when business slows, investments go sour, income declines and all of a sudden you need to re-structure your expenses. If you are like Millions of other Americans.. your mortgage may be worth far less then what the home is worth, your payments far more then renting and you may have no other expenses to cut to put your debt to income ratios at levels you can live with. Creating more debt is not the solution and only makes the problems worse. Unfortunately.. it's not as easy … (0 comments)
|
las vegas short sales: Las Vegas Short Sales Secret - Use a Buyers Agent that Understands the Process - 05/17/09 04:18 AM
Las Vegas Short Sales - Tales of Agony and Ecstasy
AGONY
I certainly love any and all offers on my properties for sale but the amount of offers incomplete and far below current market value with what is currently taking place in the Las Vegas real estate market is obviously an attempt of trying to get rich quick using agents trying to make the impossible happen. Maybe it will work with one in 30 tries... maybe.
Las Vegas Short Sale Secrets
The good news is that it appears Short Sales are FINALLY being addressed in one of the many homeowner … (4 comments)
|
las vegas short sales: Selling with Soul in Real Estate... In the Current Crisis... - 11/29/08 08:15 AM
I have nothing to do with Jennifer Allan or her programs about selling with soul when it comes to real estate but in the current situation (especially in Las Vegas) soul is everything...
I always kind of smile when I think about selling real estate with soul primarily because of that cute Denver smile. Yes... it's kind of an infactuation that I'll honestly admit to having after reading some of her posts and I just kind of smile that somebody is offering true passion in the real estate industry. It's an age old quality that seperates real estate agents from the ones … (2 comments)
|
las vegas short sales: Bank owned homes and their agents: Where does fiduciary responsibility end and human responsibility start? - 09/02/08 06:29 AM
Hmmm... I had to re-post this great blog post by Kris Wales in Macomb, MI since I just recently had a conversation concerning a bank owned listing agent and why they do what they do.
(As a Las Vegas Real Estate agent with experience in Bank Owned Homes in Las Vegas before the real estate boom when there were not over 5,000 bank owned homes in Las Vegas for sale, I can certainly tell you that the old timers who have been listing bank owned homes for years for the most part.. do a really good job. The following are just some thoughts concerning some agents who … (1 comments)
|
las vegas short sales: Las Vegas Short Sales - The Sales Numbers Tell the Story - 06/19/08 02:25 AM
Wow - We got one of our Las Vegas short sales to close escrow!
Not like we've never sold a Las Vegas Short Sale before, our first Las Vegas short sale was done several years ago back in 2002 when Las Vegas real estate appreciation averaged 3% for well over a decade. What's so significant about this one is when you consider the recent numbers for our Las Vegas real estate report for May. More specifically, the number of actual Las Vegas short sales closing escrow in relationship to the amount of Las Vegas Short Sales currently in a "contingent" or "pending" status.
As of 6/18/2008, there … (0 comments)
|
las vegas short sales: Las Vegas Real Estate Trends - 05/20/08 11:16 PM
We are often asked "What the Listing Inventory" is for Las Vegas real estate and it's often cited in the local news such as the Las Vegas Review Journal.
I never have really liked basing a decision to buy Las Vegas real estate because of the amount of inventory available and that's because there are so many more factors that are more important in my opinion... like..um... does it make financial sense?
Back in June of 2004 when the Las Vegas real estate inventory numbers were ridiculously low, it was pretty common to hear that "you've got to buy now, we are … (0 comments)
|
las vegas short sales: Robbing Main Street to Pay Wall Street - 04/11/08 03:51 PM
It's obviously old news that Las Vegas real estate prices have already taken a major hit and now that the rest of the country is feeling the mortgage crunch, it's important to understand that it was not just because of speculation.
The bill being proposed right now to help the housing crunch seems to reward Banks and New Home Builders more then home owners. Banks had lax lending standards, new home builders built too much and now they get rewarded for bad decisions with taxpayers money. (Let's face it, millions of dollars were made by banks and new home builders during the boom. In Las … (0 comments)
|
las vegas short sales: Bank Owned Las Vegas Homes for Sale - 03/28/08 11:26 PM
According to the latest February Trustees report provided by First American Title, the number of Bank Owned Las Vegas Homes does not appear to have any future supply problems.
As you'll notice, not too many get rich in pre-foreclosures or Trustee sales going on here with the vast majority of ownership for these Las Vegas homes going to the bank. With the number of Las Vegas Bank Owned Homes available for sale already, there is little to zero reason to purchase Las Vegas homes at a Trustee's sale with all of the risks involved.
And that brings us to purchasing Pre-Foreclosure lists, Default lists and … (0 comments)
|
;)
;)
;)
