New home sales are up 11% nationally compared to last month sales. This hasn’t been seen in 9 years and is also the 3rd consecutive month of growth. What does this mean for Las Vegas home buyers considering purchasing a short sale in Las Vegas, a foreclosure in Clark County or a new home. Builders are trying [...]
Las Vegas is always referred to as “Ground Zero” for all of the foreclosures and short sales we have here in Clark County. It is estimated that 1 in 13 Las Vegas homes are in some phase of foreclosure. Nationally there are more than 3 million homeowners over 60 days late. There are currently 11,393 short [...]
We have a short sale listing in Las Vegas with full short sale approval from lien holder. Great right? It was great till the seller went to sign the approval letter where it stated that the lender would 1099 him for the difference. We make clients well aware at the on set that there could [...]
CNBC reports Las Vegas home sales are on a sugar high. Las Vegas short sales and foreclosures consisted of 80% of June sales. June 2009 had 4,701 closings according Greater Las Vegas Association of Realtors. This is better than any other month in the last 5 years. A sugar high or no sugar high, this [...]
Las Vegas luxury homes are small percentage of short sales in Las Vegas to have closed. Jumbo loans are very difficult to get these days. Jumbo loans are loans between 417,000 to 729,750 are jumbo conforming and are Fannie Mae and Freddie Mac backed. Loans over 729,750 are Super Jumbo and are not backed Fannie and [...]
Las Vegas Short Sales. There are currently 5117 short sales in Las Vegas on the market. This includes Condos in Las Vegas, single family homes in Las Vegas and townhomes. Close to 30% of these homes are priced under 100,000. The majority of the homes are priced between 100,000 to 200,000. That makes up nearly [...]
Buyers looking to purchase a home in Las Vegas will be happy to hear we still have foreclosures coming. Realty Trac reports there were 8,726 notices of default filed in Nevada in June. That is close to a 10% jump between May and June in 2009. In Las Vegas Real Estate, Las Vegas Notice of [...]
Las Vegas Short Sale homes closed 333 units of single family homes in June of 2009. That comprised 8.9% of all 3,785 homes in Las Vegas that closed last month. The short sale listings that sold in Las Vegas were priced between 18,ooo and 1,600,000. The longest DOM ( days on market) was 714 days compared [...]
A lot of struggling homeowners ask if they qualify for a short sale. Some have real hardships others just want out. When you start the short sale process, one of the first things a lender will look at, is your financial statements. You will need to submit a breakdown of all of your monthly bills. [...]
Good news if your looking to list your home as a short sale. Applied Analysis has reported that real estate agents have listed less resale homes. Listings have dipped 36.7% or 8109 units over the last year. Housing inventory has dropped for the 13th consecutive week and vacant home listings have dropped 49% according [...]