short sale: How to check if a home is in foreclosure in Las Vegas - Real Estate Video - 12/04/08 05:54 AM

 

To find out if a property is in foreclosure, you'll need to know the parcel number.
If you don't know the parcel number start at the following link.Link 1 - Get the parcel number
Copy the parcel number, then go to the following link.Link 2 - Check for recorded notices
Enter the parcel number, remove the dashes, then click "detailed data"
Look at the document type.
"Notice of default" or "Breach" indicates the foreclosure process has begun.  Unless the default is cured, a "notice of trustee sale" will most likely be filed in about 3 months.
"Notice of … (0 comments)

short sale: Housing Rescue Bill - Help for Homeowners - Who qualifies? - 08/25/08 05:52 AM
More choices are becoming available for homeowners struggling to keep up with housing payments.  The new housing bill is just one of them.  There are quite a few requirements, but don't be discouraged if you don't qualify. 
In the new housing rescue bill, according to the CNN Money article "lenders holding the original mortgage have to agree to rework a given loan before things can get started" which is similar to most other available solutions in that the mortgage holder is making the decisions.  If a homeowner doesn't qualify, and wants to keep the home, there are private companies emerging that … (0 comments)

short sale: Short Sales - What's the DEAL? Are they a DEAL? Are they closing? - 07/29/08 10:51 AM
Back in May I wrote about short sales and if they were even worth looking at. 
Take a look here: http://activerain.com/blogsview/524066/Should-Buyers-Look-at
Well, I continue to show them and write offers on them, because it's important to me to do everything I can do to get the best house at the best price for my clients even if it is a "long shot".  (By long shot, I'm referring to getting the bank to approve the short sale.  I usually do not advocate "low-balling", but I'll save that for another post.)  
So, what's been going on since the last stats I ran on … (0 comments)

short sale: Buy and Bail - Business Decision or Fraud? - 06/13/08 07:57 AM
Some homeowners are buying new homes only to let their current home go into foreclosure.  They may be able to buy a better home and have a lower payment than the home they currently feel "stuck" with because they're $200,000 upside-down.
So while their credit is still good they buy another home and then try to short sale or just walk away from the first home.  Should they keep paying $3500 a month when they can pay $2500 for what might be a nicer home?  Is it fraud or just a good business decision?
Revised Fannie Mae guidelines which could go … (1 comments)

short sale: Should Buyers Look at Short Sales? Are they a good deal compared to foreclosure homes? - 05/25/08 12:00 PM
 
Recently, this question has come up from Realtors and clients alike.  Many Realtors refuse to show "short sale" homes because they can be a huge hassle for the Realtor and extremely discouraging for the home buyer.  (I will save my opinions about why they are such a hassle and why the banks are pretty much shooting themselves in the foot when it comes to short sales for another blog.)  I have considered making it policy not to show short sales, but decided that my job is to educate my buyers and let them make the decision about whether or not … (4 comments)

short sale: Where to find a Free List of Foreclosures and Foreclosed Homes in Las Vegas - 05/16/08 04:48 PM
Currently, you can get the foreclosure list(s) at http://www.Foreclosures.InvestInVegas.us
Las Vegas Real Estate MLS search, Community & School Reports, Home Values, Market Stats and more can be found at http://www.VegasProperty4u.com
The following is directly from the website where interested consumers can sign up for Las Vegas Foreclosure Lists.
Free List of Foreclosures and Foreclosed Homes
Serving the following areas: Las Vegas, Nevada including North Las Vegas, Henderson, Summerlin, Aliante, Mountain's Edge, Southern Highlands, Sun City, Lake Las Vegas, Rhodes Ranch, Lone Mountain, The Lakes and surrounding areas..
There is no charge or obligation for you to receive your foreclosure list(s). I … (1 comments)