The Fairness in Foreclosure Act has been proposed by Rep. Edolphus “Ed” Towns (NY-10). This bill is meant to limit the amount of time a bank can pursue a deficiency judgment and totally protect low income homeowners by prohibiting the bank from pursuing the deficiency at all.  

Mr. Towns states, “A deficiency judgment after foreclosure seems to be one of the greatest injustices that occur to homeowners after they have gone through the arduous foreclosure process.  Not only are they behind by thousands of dollars on their mortgage payments and facing public auction of their houses, the ordeal may continue indefinitely.”

A deficiency judgment after a foreclosure in Las Vegas is like throwing salt in the wound. If it’s not hard enough to lose your home, homeowners also need to be aware  that lenders can pursue them for a deficiency judgment after the fact. Know one wants to live with the uncertainity.

Click here to open the PDF of HR3566 Deficiency Bill. The 9 page proposal covers 2 different sections. It allows lenders just one year to pursue a deficiency or less if local laws allow. Nevada allows the lender on the first loan just 6 months to pursue a homeowner after foreclosure. The second part of the bill proposes that lenders can’t pursue low income families for the deficiency. Currently in Clark County a family of four making under 52,549 dollars annually is considered a low income household. With the high unemployment rates and the underemployed, this would be a large segment of our market.

If this bill in conjunction with the new AB284 here in Nevada, it could continue to make a mess of the current housing market recovery. The new AB284 is looking like it will drag the foreclosure process out 2 to 3 years. If a low income family has no worries with regards to a deficiency, it would make perfect sense to stay in the home for the next 3 years and not make a payment or have a worry of a deficiency judgment. The bright side to this scenerio is possibly the homeowner would have sometime to save up some money to have a solid future from this point on. The flipside, if the housing market isn’t recovered, there won’t be a lot of jobs available etc.

It is not that I want the bank to pursue struggling families, we just need the housing market to recover sooner than later. Just to be clear, I am no fan of the banks, especially when you hear the stories. VP’s bundling bad loans, selling them for a Billion dollars, then shorting the market on these pools of bad loans knowing it was bad debt and making 15 Billion after the loans fail.

Everyone has had a hand in the process. No one had a crystal ball, nor could the average person have ever imagined a home could drop in value by 60 or 70%. Homes have always been regarded as a solid investment historically for the most part. If you bought a home today it would be a solid investment. There were 4 years of overpriced sales and I think we need to unload these homes and move on. Let’s grab the bandaid and give it a quick rip! Let me know what your thoughts are.

View the mls listing of this one story Home in Las Vegas on 5601 Indigo Bay Las Vegas NV 89131.

Nice single story home in Las Vegas on corner lot. The lot is very big with more than 7,000 sq ft. The home features 1500+ sq ft of living space in this very open floor plan. This is a Las Vegas short sale being negotiated by an attorney. Buyer walked so a new offer should get a pretty quick approval.

Home has a very open floor flan. Tiled entry opens to a huge great room with very high ceilings. Kitchen has a large open kitchen with plenty of room for seating. The home has nice apliances, recessed lighting and nice maple cabinets.

This home has possible rv parking and so much room on the huge corner lot. The front yard is beautifully landscaped and has great curb appeal. The masterbedroom has ceiling fan, crown moulding and french doors that lead to a patio. Great place for a jacuzzi.
Please call Las Vegas Realtor Jeff Mix to view this home today at 702-510-9625.

View the mls listing of this one story Home in Las Vegas on 5601 Indigo Bay Las Vegas NV 89131.

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View the MLS listing of this home in Las Vegas with RV parking on 6116 Wadsworth Las Vegas NV 89130.

Las Vegas Short Sale home in the Northwest. This property features 1573 sq ft of living space. With 3 bedrooms and 2 full baths, it’s just enough room! The home features a formal living and dining room just off the front of the home.

The kitchen and family room are adjacent to each other. The family room has cathedral ceilings and a brick fireplace.





The kitchen has all appliances included with a great garden window overlooking the side yard. Great place for some homegrown herbs for cooking. The kitchen also has a seperate  eat in kichen with a bay window overlooking the huge backyard.

The home has RV parking. Anyone who needs RV parking understands the difficulty in finding homes in Las Vegas with RV parking. The yard .2 of an acre and also features a covered gazebo and small waterfall fountain for your zen moments.

The AC unit was just replaced a year ago. A new AC unit can be one of the biggest repair items on Las Vegas Homes. With that out of the way should be smooth sailing!

Please contact Las Vegas Realtor Jeff Mix to view this home today. We are experience las Vegas Short sale Agents so write with confidence.

View the MLS listing of this home in Las Vegas with RV parking on 6116 Wadsworth Las Vegas NV 89130

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Click here to view the mls listing of this Home in Henderson on 241 Via Di Citta Henderson NV 89011. (If the site isn’t update use this link)

Golf View lot and mountain views from this Home in Henderson located in the guard gated community of Tuscany just a couple miles from the community of Lake Las Vegas homes. This 2 story home with more than 2400 sq ft of living space will not disappoint. This home has barely been lived in and is super clean!

This home is just across the street from the 4th hole of the Tuscany golf course. Enjoy Sunday morning coffee from the balcony while watching frustrated golfers put there last shot!

The home features 4 bedrooms and 3 full baths. Included is a casita that that can be made very private and would make excellent room from out of town visitors.. The casita also has french doors that open to a  small patio overlooking the course.

The home has an open concept floor plan with the kitchen overlooking the family room and fireplace. The kitchen has an awesome island with a huge granite slab and space for bar stools.  The formal dining room right now has a large pool table and makes  for a fun place with friends. Please note this home can be sold with furnishings in a separate agreement outside of escrow. This could be the perfect turn key golf course vacation home.

The backyard is very spacious with plenty of room for a pool. Although the Tuscany rec center is just down the street and offers homeowners 35,000 sq ft of exercise rooms, aerobics, billiards room, indoor gymnasium, racquetball courts, meeting rooms, huge family pool with waterfalls and also a lap pool. Not to mention the sidewalks, outdoor tennis, basketball, volleyball courts and playgrounds throughout the community. Tuscany offers all of this for 160 per month and no SIDS or LIDS!

The upstairs offers a small loft with a built in desk. Plenty of room to also through a comfy chair and just get away with a book. The master bedroom is very bright and well sized to easily accommodate a king sized bed comfortably. The master bath is a real oasis from the days worries with a huge garden tub, double sinks with granite and undermount Kohler sinks. There is also a separate shower and nice size master bedroom closet.

Tuscany golf course just after sunrise.

The second and third bedrooms upstairs are very spacious and share a jack and jill bath between the two of them. The bath features duel sinks and tub/shower combo. The real bonus to these front facing bedrooms is the one bedroom has french doors that open to a romeo and juliet balcony overlooking the golf course while the second has a large balcony with the same mountain views!

This home is a true find in one of Las Vegas’s best kept secrets. Tuscany is a guard gated golf course community with 24 hour roaming security. Basic cable is also included with the hoa. This is one of my favorite communities in the entire valley and after seeing it it will be one of yours.

Call Las Vegas Realtor Jeff Mix of Better Homes and Gardens | Desert Properties to view today. Please remember as a Las Vegas Realtor, we can help you whether you are purchasing resale, short sale, bank owned or new. View my blog on the new Tuscany model homes that were constructed.  Click here to view the mls listing for  Homes in Henderson on 241 Via Di Citta Henderson NV 89011.

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Click to view the mls listing of this Las Vegas Home on 10035 Wild Calla Las Vegas NV 89178.

This former model home located in a gated community in Mountains Edge is a knockout! This home still shows like a model when it was originally purchased from the builder in 2005 for more than 500,000.

The finishes from floor to ceiling are stellar. From the marble entry and beautiful hardwood flooring in the kitchen and family room to the extensive use of crown molding throughout, the details will not disappoint. The windows also feature custom ironwork-like pieces installed on the upper windows and also separate the formal living and family room.

The kitchen features top of the line appliances along with an island, granite and high end enamel finishes on the cabinetry. The contrast of the cabinets and the warmth of the hardwood flooring gives the kitchen a unique feel. There is also a nice glass door on the pantry along with a separate wet bar and butlers pantry!

There is a bedroom downstairs along with a full bath. This is a great set up for guests who always seem to visit you once you live in Las Vegas! There is a spacious laundry room that features built in cabinets for extra storage. Another huge plus is the home also has solar power!

The upstairs opens to the formal living and dining and really highlight the soaring ceilings and decorative touches. There is also hardwood flooring on the loft area that also opens to a large front patio just over the garage. Enjoy Sunday morning coffee while overlooking the gorgeous front yard.

The master bedroom is located on the second floor. The bedroom is spacious and has a coffered ceiling along with double crown molding that frames the bed beautifully. There is also a second balcony over looking the finished backyard and mountains. The master bath features marble flooring, big walkin closet along with double sink, high end fixtures and a garden tub and separate shower.

The backyard finishes off this home completely. You have a covered patio, artificial turf and a raised second level with a fire pit and flagstone stairs.

Again this Las Vegas Short Sale home was a former model home and the builder spared no expense. The current owners have taken wonderful care of this home and the pride of ownership shines through and through.

Call Las Vegas Realtor Jeff Mix to view this home today before it’s gone.

Click to view the mls listing of this Las Vegas Homes in Mountains Edge on 10035 Wild Calla Las Vegas NV 89178.

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Click to view the mls listing of this Henderson pool home on 40 Reyburn Henderson NV 89074

As you enter through the double doors and into the foyer, you will feel that warm and cozy feeling of HOME.

This 3 bedroom, 2 ½ bathrooms, 3 car garage home is located right in the heart of Green Valley and features a formal living area, dining area, family room with fireplace and a huge loft upstairs!!

This home has been beautifully decorated and maintained with travertine flooring in the high traffic areas, laminate wood floors in the family room and carpet upstairs. The kitchen is open to the family room which has soaring cathedral ceilings, lots of fabulous windows and a cozy fireplace.





The laundry room is big and located downstairs. The Master Suite is located upstairs and features double sinks, rain shower and a beautiful soaking tub! The bedrooms upstairs are spacious and welcoming with a full bathroom that has a zen-like quality! The loft is open to the family room and would make a great game room or can even be transformed into a fourth bedroom if needed!!

This stunning home is on a large lot with lush landscaping including several mature palm trees and a park like walk way. Enjoy summer gatherings under the huge cove

red patio and when it gets too hot, just cool off with a dip in the sparkling clear pool!!

Let the kids play on the grass area, with the pool completely safety gated, you’ll be able to really relax!! Start up the BBQ and serve from the island kitchen area, which has been recycled from one of Emeril Lagasse’s restaurants!!

Call Las Vegas Realtor Jeff and Lee Ann Mix to view this home in Henderson today!

Click to view the mls listing of this Henderson pool home on 40 Reyburn Henderson NV 89074

Click here to view the MLS listing of the Las Vegas Homes located at 1133 Coral Crystal North Las Vegas NV.

Great Single story home on more than a 1/4 acre! This Las Vegas Single story home has 3 bedrooms and 2 baths. It is about 1459 sq ft on an 11,203 sq ft lot. The home has gorgeous slate flooring throughout the living areas and kitchen. This home is turn key with all appliances including the washer and dryer! The home has soaring ceilings and fireplace to boot.

The kitchen is well equipped with white clean tile countertops. It is open to the dining room with cathedral ceilings. It will also have an over the range microwave which was not installed at the time of the virtual tour.

There are 3 bedrooms with a split bedroom floor plan. There is all new carpeting and paint throughout the home. The bedrooms all feature high ceilings and ceiling fans already installed.





The backyard has an RV gate and covered patio. There is also a seperate dog run on the side of the home. This property will not disappoint. Please contact Las Vegas Realtor Jeff Mix of better Homes and Gardens Desert Properties to view this home today at 702-510-9625.

Click here to view the MLS listing of the Las Vegas Homes located at 1133 Coral Crystal North Las Vegas NV.

This is not a short sale or bank owned!

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Click to view the MLS Listing of this Las Vegas HUD Home on 1344 Cedar Berry Henderson NV.

Henderson HUD home located just off of Stephanie and the 215. This home is nearly 2,000 sq ft. and features a downstairs master bedroom. Anyone who is looking for a mastrer bedroom down stairs understands how hard it can be to find one! If this is a need for you we can set up a search in the mls with that criteria for you, just call! The home has a large kitchen with high ceilings. This home was built by DR Horton and features a community park.

The home has 2 additional bedrooms upstairs and a loft that opens to below. The laundry is located upstairs. The backyard is fully fenced and lanscaped. It also features a covered patio for coffe on the weekends! The home is also zoned for Twitchell/ Vanderburg! This home is a HUD home and will not last. Thanks for looking!

To view this HUD Home in Las Vegas, please call Las Vegas Realtor Jeff Mix at 702-510-9625

Click to view the MLS Listing of this Las Vegas HUD Home on 1344 Cedar Berry Henderson NV.

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View the MLS listing of the Las Vegas Homes at 4247 Union Hill, North Las Vegas NV or click here if our mls has not updated the new listing yet

Awesome single story North las Vegas Homes located in a beautiful gated community. This doll house of a home will not disappoint! This 3 bedroom home is move in ready and comes with all appliances. The home has all new paint throughout with cathedral ceilings. This property has a great pie shaped lot with so much room in the back. It is like a mullet, business in the front and party in the back! We got have a sense of humor in this market!



The home has 3 bedrooms, family room and dining area. Masterbedroom has a walkin closet master bath has double sink, shower and separate garden tub. Home also has a 2 car garage with built in cabinets. Best part is this Las Vegas home is not a Las Vegas short sale or or Las Vegas foreclosure!

View the MLS listing of the Las Vegas Homes at 4247 Union Hill, North Las Vegas NV

We are experienced Las Vegas Realtors and can help you find the perfect home in Las Vegas. Call Jeff and Lee Ann Mix to view this home today at 702-510-9625. Here are additional homes in the area currently on the Las Vegas Real Estate market.

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Please download the PDf of the CMA I prepared. If you would like a comparable sales report on your home to see what your Henderson home is worth.

Arianna Ridge in Henderson Comparable sales report .