Jeff Mix 702-510-9625
Foreclosure continues to increase in 1st half of 2009 Las Vegas is foreclosure capitol of the world right now. With foreclosures up all around the country for the first half of the year, that is an impressive amount or depressive depending on how you look at it. James J. Saccacio, chief executive officer of data aggregator [...]
Tough times for high rise condo towers. Out of the publicized 75 high-rise condo towers planned to be built–promising to deliver 47,500 luxury condominium units in Las Vegas, only 25 percent of these high-rise projects have been completed, this according to Las Vegas Review Journal. Those which abandoned the proposed high-rise projects include Krystal Sands, [...]
Las Vegas: From booming city to center of US housing crisis Las Vegas used to be known as America’s gambling capital. Today, with the financial meltdown of the country, Las Vegas is known as the center of US recession and the housing crisis. What events led this city from being the fastest growing [...]
I hear a lot of Las Vegas homeowners grumble that the making home affordable program will not help Las Vegas Homeowners who are facing foreclosure or considering doing a short sale here in Clark County. The 125% loan to value isn’t enough to help Las Vegas residents who have lost up to 60% percent of [...]
According to a report from RealtyTrac Inc., of Irvine, California; foreclosure crisis is spreading in U.S. and there is increase in number in the immune areas. There may be a drop of few percent from some high foreclosure states but when compared to other states, there is substantial rise in foreclosure filings in the untouched [...]
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 [...]
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 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 [...]
