Las Vegas Real Estate News |
- buy property in las vegas – Rita Alleyne Las Vegas, NV. Realtor <b>...</b>
- Local Guerrilla Consultants, Suzanne and Roger Curwin, Announce <b>...</b>
- Should a Realtor think about getting real estate leads? We suggest <b>...</b>
- Summerlin (Las Vegas NV) Market Report
- Ahwatukee Homes For Sale - Best Ahwatukee Foothills Club West <b>...</b>
- Can anyone recomend a hard money lender.?
- Foreclosure Versus Short sales
- Why December may be the Best Time For Getting Real Estate
- Quick Move In Homes in Las Vegas – Move in Ready Now — Las <b>...</b>
- Do houses with fireplaces in hotter summer climates have a cooling effect meaning suck the hot air out the house?
- Your best ally is a sommelier in Las Vegas | Real Estate In Las Vegas
- homes in las vegas – #1 – Luxury Homes in Las Vegas, Henderson <b>...</b>
- Real Estate Investing Tips: How To Take Real Estate Calls From A <b>...</b>
- Real Estate Investment, Secrets to Investing in Real Estate | Savings <b>...</b>
- 3 Bedroom Apartment at Versante Ave in , Paradise, NV | Real <b>...</b>
- LAS VEGAS INVENTORY is Shifting and Dropping - tick tock
- Tell Me Something Good: Even More Infrequent than Leap Day <b>...</b>
- CALL STEVE HARLESS - 702-217-1680 FOR THIS Cozy single story home in Southern Highlands
- Weekly Market Report • Las Vegas, NV 89144 • Single Family Residences • Mar 12-Mar 18, 2012
- LAS VEGAS FORECLOSURE HOMES SELL 20% LESS THAN SHORT SALE
buy property in las vegas – Rita Alleyne Las Vegas, NV. Realtor <b>...</b> Posted: 23 Mar 2012 04:19 AM PDT | |||||||||||||||||||||||||||||
Local Guerrilla Consultants, Suzanne and Roger Curwin, Announce <b>...</b> Posted: 23 Mar 2012 01:29 AM PDT | |||||||||||||||||||||||||||||
Should a Realtor think about getting real estate leads? We suggest <b>...</b> Posted: 23 Mar 2012 04:19 AM PDT | |||||||||||||||||||||||||||||
Summerlin (Las Vegas NV) Market Report Posted: 23 Mar 2012 05:05 AM PDT Summerlin February 2012 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports View Summerlin Homes For Sale Here (Updated Daily) More Information on Summerlin Real Estate Here (Includes Video & Map) | |||||||||||||||||||||||||||||
Ahwatukee Homes For Sale - Best Ahwatukee Foothills Club West <b>...</b> Posted: 22 Mar 2012 10:50 PM PDT | |||||||||||||||||||||||||||||
Can anyone recomend a hard money lender.? Posted: 22 Mar 2012 11:33 PM PDT | |||||||||||||||||||||||||||||
Foreclosure Versus Short sales Posted: 22 Mar 2012 11:43 PM PDT SUCCESSFUL SHORT SALES Future Fannie Mae Loan - Primary Residence A homeowner who loses a home to foreclosure is ineligible for a Fannie Mae-backed mortgage for a period of 5 years A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae-backed mortgage after 2 years Future Fannie Mae Loan - Non-Primary Residence An investor who allows a property to go to foreclosure is ineligible for a Fannie Mae-backed investment mortgage for a period of 7 years An investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae-backed investment mortgage after 2 years Credit Score Score may be lowered anywhere from 250 to more than 300 points. Typically will affect a credit score for over 3 years Late payments on mortgage will show, and after sale, mortgage is normally reported as "paid as agreed", "paid as negotiated" or "settled." This can lower the score as little as 50 points if all other payments are being made. A short sale's effect can be as brief as 12 to 18 months. Credit History Foreclosure will remain as a public record permanently, and on a person's credit history for 10 years or more A short sale is not reported on a credit history. There is no specific reporting item for "short "sale." The loan is typically reported "paid in full, settled." Security Clearance Foreclosure is the most challenging issue against a security clearance outside a serious misdemeanor or felony conviction. If a client has a foreclosure and is a police officer, in the military, in the CIA, security or any other position that requires a security clearance, in almost all cases clearance will be revoked and position will be terminated. On its own, a short sale does not challenge most security clearances Current Employment Employers have the right and are actively checking the credit of all employees who are in sensitive positions. In many cases, a foreclosure is reason for immediate reassignment or termination A short sale is not reported on a credit report and is therefore not a challenge to employment Future Employment Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have (besides bankruptcy/charge off) and in most cases will challenge employment A short sale is not reported on a credit report and is therefore not a challenge to future employment Deficiency Judgment In 100% of foreclosures (except in those non-deficiency judgment states), the bank has the right to pursue a deficiency judgment In some successful short sales, it is possible to convince the lender to sign a release and give up their right to pursue a deficiency judgment against the homeowner Deficiency Judgment (amount) In a foreclosure, the home will have to go through an REO process if it does not sell at auction. In most cases this will result in a lower sales price and longer time to sale in a declining market. This will result in a higher possible deficiency judgment In a properly managed short sale, the home is sold at a price that should be close to market value, and in almost all cases will be better than an REO sale resulting in a lower deficiency Deficiency Judgment (statute of limitations) In a foreclosure, the first mortgage holder has 6 months to file for a deficiency judgment (the second mortgage holder has 6 years). If the mortgage holder does not release their right to pursue a deficiency judgment they have up to 6 years to file and seek a deficiency judgment. Helene M Moore | |||||||||||||||||||||||||||||
Why December may be the Best Time For Getting Real Estate Posted: 22 Mar 2012 05:25 PM PDT | |||||||||||||||||||||||||||||
Quick Move In Homes in Las Vegas – Move in Ready Now — Las <b>...</b> Posted: 22 Mar 2012 06:01 PM PDT | |||||||||||||||||||||||||||||
Posted: 22 Mar 2012 07:56 PM PDT | |||||||||||||||||||||||||||||
Your best ally is a sommelier in Las Vegas | Real Estate In Las Vegas Posted: 22 Mar 2012 04:02 PM PDT | |||||||||||||||||||||||||||||
homes in las vegas – #1 – Luxury Homes in Las Vegas, Henderson <b>...</b> Posted: 22 Mar 2012 04:19 PM PDT | |||||||||||||||||||||||||||||
Real Estate Investing Tips: How To Take Real Estate Calls From A <b>...</b> Posted: 22 Mar 2012 06:00 PM PDT | |||||||||||||||||||||||||||||
Real Estate Investment, Secrets to Investing in Real Estate | Savings <b>...</b> Posted: 05 Oct 2011 09:18 AM PDT | |||||||||||||||||||||||||||||
3 Bedroom Apartment at Versante Ave in , Paradise, NV | Real <b>...</b> Posted: 22 Mar 2012 07:19 AM PDT | |||||||||||||||||||||||||||||
LAS VEGAS INVENTORY is Shifting and Dropping - tick tock Posted: 22 Mar 2012 04:26 PM PDT SnapShot of the current market in Las Vegas today.... UpDated: March 21st, 2012 ~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 by the previous defaulting owner for the buyer. ~The banks/sellers are also paying for the Title Commitment insuring that they are delivering clear and marketable title for the buyer. ~The banks/sellers are also paying for Realtor fees. [This is approximately 4-6% of a sales price for both Seller and Buyer agent share] ~The banks/sellers are paying for their own closing costs. No buyer contributions are requested by the banks. ~The banks/sellers are selling properties in "As is" condition; whereas no repairs are made. ~The banks/sellers are paying for the Home Owner's Association Resale Package.
~In essence, buyer may expect an unprecedented great deal in one of the most exciting cities on this planet today! Fabulous Las Vegas!! Julia St. Marie, RRG, ABR, RSPS | |||||||||||||||||||||||||||||
Tell Me Something Good: Even More Infrequent than Leap Day <b>...</b> Posted: 29 Feb 2012 07:24 AM PST | |||||||||||||||||||||||||||||
CALL STEVE HARLESS - 702-217-1680 FOR THIS Cozy single story home in Southern Highlands Posted: 18 Mar 2012 05:47 PM PDT Out of town investors and locals alike will love this gated community * this home was Sold on 03/01/05 for $1,093,100 - As a buyers agent, I like to share values like this with my customers....give me a call at 702-217-1680 if I can be of service to youFeel Free To Visit www.ViewLasVegasRealEstate.com To View Pics & Take Virtual Tours
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Weekly Market Report • Las Vegas, NV 89144 • Single Family Residences • Mar 12-Mar 18, 2012 Posted: 22 Mar 2012 01:27 PM PDT For the period of March 12 through March 18, the median list price in Las Vegas, NV 89144 is $274,500—up 1.5% from last week. | |||||||||||||||||||||||||||||
LAS VEGAS FORECLOSURE HOMES SELL 20% LESS THAN SHORT SALE Posted: 22 Mar 2012 11:38 AM PDT THE state with the highest number of foreclosure sales was Nevada, where foreclosure sales accounted for 65 percent of all sales. Arizona followed with foreclosure sales accounting for 57 percent of all home sales for the quarter. Foreclosures Continue to Weigh on Home PricesForeclosed homes continue to sell for less than other homes. During the spring, bank-owned homes sold for 40 percent less than the average price of other homes. Sales of homes in the foreclosure process or short sales sold for 21 percent less than the average home sold. http://realtormag.realtor.org/daily-news/2011/08/25/foreclosures-sell-for-up-40-lessDON'T MISS! FREE LIST HUD PROPRTIES + GOVERNMENT FORCLOSURES <-CLICK DAILY LIST OF HOMEPATH FORECLOSURES - 10% DOWN TO INVESTORS, 3% TO 1ST AND 2ND HOME BUYERS * professional work crews intact for all rehab and remodeling *35 year track record TURN KEY SOLUTION to investing in homes in Las Vegas |
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