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The Department of Housing and Urban Development otherwise know as HUD has just suspended its not flipping rule for one year. What is a “flip” in real estate speak – it simply refers to a transaction driven by an investor that is buying a home typically for a quick resale at a profit.
Up until now a buyer using an FHA loan (the FHA is part of HUD) has been unable…
Based on number released by the Greater Las Vegas Association of Realtors the median price for a Las Vegas Home is now approximately $140,000. This price is truly affordable for people who are up and coming in their careers or just starting out – many families now have the ability to buy a Las Vegas Home, versus years past, when most were priced out of the market for even a starter…
Preventing Las Vegas Foreclosures is something that is beneficial to all, our homeowners certainly, financial institutions and of our course the overall Las Vegas Real Estate Market. If you look out across the US approximately 7 million borrowers could lose their homes this year to foreclosure unless we see huge increase in property values or our lenders become much more flexible on cutting the principal amounts owned on mortgages –…