Here in the Las Vegas area where we have one of the highest foreclosure rates in the country, many homeowners have been desperately trying to find a way to stay in their homes. Loan modification is usually the first step. Up to this point, getting banks to make mortgages more affordable in an area where values are 50% less than they were three years ago has proven to be fruitless in most cases. If it weren’t, people would be modifying and staying in their homes instead...
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This town home is located in the guard gated community of Painted Desert in Northwest Las Vegas. It is approximately 1,685 square feet with two bedrooms, a den, two bathrooms and two car garage. It features a great open floor plan with tons of upgrade, wood laminate flooring throughout and ceiling fans...
In an effort to help keep housing inventory levels from increasing, Fannie Mae announced a new program that will allow borrowers who are in foreclosure to lease back their homes. This will not only keep homes...
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Indications out there on the front lines of the short sale market point to perhaps some banks are not only realizing the benefits of the short sale, but are gearing up to process them quicker. I have spoken to representatives of banks as well as other insiders and they explain the banks are reassigning personnel from the foreclosure departments to the short sale departments....
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I was pretty fortunate to land a pretty good domain name for my Las Vegas Property Management business. I wasn't sure what direction I wanted to go with the website but after much thought and research, I decided to go with WordPress, using the Thesis template. I still need to do a few more customization tweeks and upload a video but for the most part it is finished:
Every weekend I drive around to all my vacant Las Vegas Rental Properties to check on them and collect business cards from agents that showed the properties. I like to follow up with the agents to get feedback on what their clients thought of the property. When I go on my inspections, I usually take my daughter with me, she is 8....
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It appears, Windermere Summerlin has merged with Purdential Americana Group recently. I believe this is going to be a trend over the next year as many struggling Las Vegas real estate companies try to keep their heads above water. Larger companies like Prudential Americana Group will continue to grow their market share by merging wit...
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Call me crazy but I don’t understand why there aren’t any lending programs for Foreign Investors. Right now in Las Vegas, home prices are at historic lows and it’s drawing the interest of real estate investors from all over the world. I get numerous emails and phone calls every day from foreigners inquiring about Las Vegas Home prices and the process of buying a home in Las Vegas. Unfortunately, I have to inform them that if they don’t have cash for the entire purchase....
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A short sale is when the Lender/Bank agrees to accept less than what they are owed, commonly known as a short payoff. Short Sales can be difficult to complete and quite confusing for buyers and sellers. To help you to better understand the Short Sale Process, we have completed a list of commonly asked questions along with information we need when handling a short sale in Las Vegas.
Whose names are on the loan?
It is important for us to know everyone who will be involved in the short sale.
Do I have to include my spouse on all the paperwork if they are not on the loan....
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I know this is going to cause some controversy, especially with the agents that hang their license at real estate companies that charge franchise fees but I am okay with that :)
I started my real estate career in 2001 when I hung my Las Vegas real estate license with a company that charged a franchise fee, amongst other fees. I chalked it up as I was new and didn’t know anything different. But now with over 8 years in the Las Vegas Real Estate business, I would like to say I know better. With buyers and sellers using the Internet more, which is leveling the playing field, I wonder why real estate agents in Las Vegas would hang their license at a Real Estate Brokerage that charges a franchise fee?
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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.
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