Las Vegas Real Estate News

Harrah’s Posts $1.6B Loss
Wynn Resorts Profit Falls by a Third
The Lighter Side of Sports - Real Estate Forums
Steps in the Process of Preparing a Land Survey | Real Estate <b>...</b>
Transparency works both ways
Foreclosures spread from bubble markets
AZ Short Sales-Statistically Speaking | Real Estate Industry Blog
The Four Basic Types of Survey in Ontario | Real Estate Industry Blog
Hilton Debt Weighs on Blackstone
CapitaLand's Net Profit Drops 33%
Landlords Sweeten Pot for Renters
Germans Scour U.S. for bargains
Bankers' Group Burned
Bank orders appraisal - before loan approval.
More 'Hot Markets' outside California
Home prices slowed descent in August
Big Cases, Local Lawyers (Las Vegas Business Press)
offsetting 1099 from short sale - can you take a loss on the shortsale of your investment property to offset 1099 income from short sale?
las vegas - any experienced condo-hotel (mgm signature) short sale agents? i have two ajoining units in mgm signature - i want to keep one but want
Atlanta broker, GMAC Real Estate split

Posted: 28 Oct 2009 04:04 AM PDT

LAS VEGAS-Much of the loss is attributable to a $1.33-billion drop in the fair value of its assets, while much of the remainder is due to fewer visitors gambling less.

Wynn Resorts Profit Falls by a Third

Posted: 28 Oct 2009 04:04 AM PDT

LAS VEGAS-Bookings for conventions and meetings in Las Vegas remain weak along with the flow of wealthy Americans with money to burn.

The Lighter Side of Sports - Real Estate Forums

Posted: 27 Oct 2009 03:11 AM PDT

San Diego Real Estate, Off Topic Chat, 7, 09-02-2005 09:22 PM. Side Jobs? Las Vegas Homes, Career Opportunities, 7, 08-04-2005 02:08 PM. One Side or the Other? Las Vegas Real Estate, Ask A Real Estate Pro, 3, 07-19-2005 03:05 PM ...

Steps in the Process of Preparing a Land Survey | Real Estate <b>...</b>

Posted: 27 Oct 2009 02:28 PM PDT

WannaNetwork Sponsors. Las Vegas Real Estate · Las Vegas Property Management · FHA Mortgage Blog · Business Networking. Copyright © 2009 WannaNetwork.com | By using this site, you agree to our Terms of Service and Privacy Policy [System ...

Transparency works both ways

Posted: 28 Oct 2009 01:00 AM PDT

The NFL, real estate and the tweet police

Foreclosures spread from bubble markets

Posted: 28 Oct 2009 01:00 AM PDT

RealtyTrac metro-level report suggests shift in epicenter

AZ Short Sales-Statistically Speaking | Real Estate Industry Blog

Posted: 27 Oct 2009 12:42 PM PDT

The Four Basic Types of Survey in Ontario | Real Estate Industry Blog

Posted: 26 Oct 2009 06:30 PM PDT

Hilton Debt Weighs on Blackstone

Posted: 28 Oct 2009 03:34 AM PDT

Blackstone has begun talks with lenders to cut $5 billion from the $20 billion debt load carried by Hilton, as the private-equity firm seeks to protect its single biggest investment from default.

CapitaLand's Net Profit Drops 33%

Posted: 27 Oct 2009 09:19 PM PDT

CapitaLand said third-quarter net profit fell 33%, due to the lack of substantial divestment gains made a year earlier, but the group was encouraged by the absence of revaluation losses and impairment charges seen earlier this year.

Landlords Sweeten Pot for Renters

Posted: 27 Oct 2009 09:19 PM PDT

Some of the country's top office-building owners reported they are cutting rents and increasing tenant incentives to keep buildings filled during one of the worst commercial real-estate markets in decades.

Germans Scour U.S. for bargains

Posted: 27 Oct 2009 09:19 PM PDT

More than 25 years ago, when the U.S. commercial real-estate began to emerge from its last collapse, Germans snapped up properties at discount prices. History may be repeating.

Bankers' Group Burned

Posted: 27 Oct 2009 09:19 PM PDT

A trade group for the mortgage industry has proved itself a poor judge of the commercial real-estate market.

Bank orders appraisal - before loan approval.

Posted: 27 Oct 2009 01:50 PM PDT

I have applied for a FHA mortgage loan with Wells Fargo. The loan officer made me sign all sort of papers, then charge my account for an appraisal 520.- before approving my application for an FHA loan . The purchase price was 130.000- and the appraisal value was 145.000-, but the bank turned down my application on the basis of my insufficient income. Is it normal they have ordered the appraisal before approving my loan, and make me incur such expense? Where should I complain about this? Thank you Van

More 'Hot Markets' outside California

Posted: 27 Oct 2009 11:01 AM PDT

ZipRealty report tracks sales-to-list-price ratios

Home prices slowed descent in August

Posted: 27 Oct 2009 09:32 AM PDT

Case-Shiller indices continue climb from April trough

Big Cases, Local Lawyers (Las Vegas Business Press)

Posted: 27 Oct 2009 10:58 AM PDT

Editor's Note: The following cases represent some of the most important business-related litigation in Nevada in 2009. Following a brief description of each lawsuit, is a list of the prominent local attorneys involved on various sides of the cases.

offsetting 1099 from short sale - can you take a loss on the shortsale of your investment property to offset 1099 income from short sale?

Posted: 27 Oct 2009 09:47 AM PDT

here is an example - let's say you bought the home for 500K, short-sold the property at 200K, you owed the bank 450K. so the bank issues you a 1099 for 250K. if this was a primary home, obama takes care of this - you don't have to report this (forgiveness act?). for a 2nd home, you're screwed. 250K is taxible - so at 30% tax bracket, you need to pay IRS 75K. for investment property, can you report a loss on the sale of the property - and offset this 1099? so, in the case of investment property, 200K(price you sold) - 500K(price you bought) 250K (amount forgiven) = -50K. is this understanding more or less correct (i think you need to take depreciation/etc into account, but roughly correct?) i know every situation is different and i need to talk to a tax attorney, but surely many people have done short sales and those who have can give general pointers? thx - jen3

las vegas - any experienced condo-hotel (mgm signature) short sale agents? i have two ajoining units in mgm signature - i want to keep one but want

Posted: 27 Oct 2009 09:01 AM PDT

to short sale the other unit (one bedroom) so that i can keep my studio. has anyone had successful short sales of mgm signature / condohotel units in las vegas? do condo-hotel units make short selling more difficult (as if short sales wasn't difficult enough!)? i see quite a number of 'competition' (same complex) on mls right now. how would you distinguish my unit from the rest? how would you market this investment property differently than say a home for a first time buyer (or would you market this the same)? tell me some success you've had, ideally with a condohotel unit like this.