Snap Shot of the current market in Las Vegas today.... [What a buyer can expect] - 12/29/10 03:29 AM
Snap Shot of the current market in Las Vegas today....  [What a buyer can expect]  
Date:  December 29th,2010
~Banks/sellers are selling at the Fair Market Value [FMV] of today....FMV is a discount of 50-60-70% off original sold pricing of 2002, 2003, 2004, 2005, 2006.
~Also the banks/sellers are absorbing the loss on the huge deficiency on the defaulted mortgage for the winning buyer. 
~The banks/sellers are also delivering clear and marketable title; whereas they are paying for all delinquencies with penalties & interest [water, gas, electric, sewer, property taxes, hoa fees, etc.] and liens on title that have been left … (0 comments)