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Many local and national are projecting a potential doomsday scenario when/as a new wave of foreclosures is expected to reach the market here in Las Vegas - as banks lift their moratorium that was extended from late spring of this year until May. There are estimates about the size of this bank owned home inventory, but no one has the exact numbers.
We can’t “speak” for the country as a…
We have an informative page on our web site about a Las Vegas Short Sale but we think it’s important to publicize and educate investors and potential homeowners about this type of a specialized real estate transaction.
Las Vegas Short Sales are increasing as more and more homeowners are “underwater” on their homes (owe more than its appraisal value) and banks are so busy dealing with foreclosures they are becoming more receptive to…
It’s been just about four months since the new administration unveiled its foreclosure prevention plan. Homeowners here in Las Vegas and around the US have contacted their mortgage service providers looking for assistance. Most of our local institutions started accepting applications in April and have indicated in many cases they are overwhelmed by the response. Clearly, if this program succeeds it will be beneficial to home owners and have a…