Foreclosures

Foreclosures

NEVADA HOUSING DIVISION RECEIVES FUNDS FOR STATEWIDE FORECLOSURE MITIGATION COUNSELING SERVICES

The Nevada Housing Division has received a federal grant of $156,210 to support ongoing foreclosure prevention counseling efforts. The funds, awarded by the National Foreclosure Mitigation Counseling Program, will be re-allocated to preapproved statewide nonprofit housing counseling agencies in order to continue providing one-on-one counseling and assistance to Nevada homeowners in danger of foreclosure.

Las Vegas Homeowners With Fannie Mae Mortgages Eligible For Foreclosure Prevention Assistance

The city of Las Vegas has partnered with Fannie Mae and Financial Guidance Center to offer free mortgage assistance to local homeowners with a Fannie Mae mortgage on Friday, Dec. 6, from 9 a.m. to 7 p.m. and Saturday, Dec. 7, from 9 a.m. to 2 p.m. at the Financial Guidance Center, located at 2650 Jones Blvd

Las Vegas Region May Home Sales

Las Vegas-area home sales held at a seven-year high last month as activity above $200,000 continued to rise sharply and buyers used cash to purchase a record 59.6 percent of all homes sold. The median price paid for a home rose above a year earlier for the 14th consecutive month, pushed higher by price appreciation, the shift toward more mid- to high-end deals and the decline of foreclosure resales, a real estate information service reported

Las Vegas Discount Real Estate | Equity Sales For Only 4.95%

Las Vegas, NV - May 10, 2013 - (RealEstateRama) -- Do you have equity in your Las Vegas home and need to do a traditional sale? Your home may be worth more than you think. Why pay 6% to sell your home when you can get BETTER SERVICE, BETTER MARKETING and BETTER RESULTS for less?

Can I Short Sale My Home and Buy It Back?

Las Vegas, NV - April 22, 2013 - (RealEstateRama) -- One of the most common questions we're asked is, "Can I stay in my home after the short sale is complete?" Many Realtors and even some Attorneys claim they can sell your home to an investor (i.e. Cash Buyer, Hedge Fund Buyer, Non-Profit Buyer etc.) who will allow you to "lease back" your home as "tenants" after the short sale is finalized...or possibly "Buy It Back" after three years. Who wouldn't want to take advantage of an opportunity like this? Staying in your home would avoid the inconvenience of moving, costly moving expenses, etc. This seems like an attractive solution, however, is it really an option? Is there a catch?

The Ballen Group, Las Vegas Short Sale Specialists, obtains Short Sale Approval Waiving Deficiency

Las Vegas, NV - March 27, 2013 - (RealEstateRama) -- The Ballen Group just closed a Short Sale with a property on the street: Los Lobos. There was one Lien Holder. The property was listed for $55,000 and sold for $70,000, where the Seller received an approval letter with no deficiency language and zero closing costs.

Another Short Sale In Nevada Closed By The Ballen Group Of Keller Williams Las...

WASHINGTON, D.C. - March 19, 2013 - (RealEstateRama) -- The Ballen Group, a top team of Las Vegas Short Sale Specialists under the brokerage Keller Williams Realty Las Vegas has put together a comprehensive Las Vegas Short sale system for sellers. Homeowners who are facing Las Vegas foreclosure can request a Las Vegas Short Sale Agent, Henderson Short Sale Agent, or North Las Vegas Short Sale Specialist to consult with them about their needs.

The Ballen Group Has Just Closed Another Las Vegas Real Estate Transaction.

Las Vegas, NV - March 14, 2013 - (RealEstateRama) -- The Ballen Group, A Las Vegas real estate team who specializes in Summerlin, Las Vegas and surrounding areas has closed another Las Vegas Real Estate Transaction. This time, The Ballen Group resented the Home Buyer who purchased a home in Las Vegas, Nevada

Who Are Nevada’s Top Short Sale Realtors?

Las Vegas, NV - March 13, 2013 - (RealEstateRama) -- How do you choose the right person to short sell your home? Should you hire the company with the most billboards around town, or the person with the most commercials on the radio or TV? Wouldn't it make more sense to choose the Real Estate team who has successfully closed the most short sale transactions in Las Vegas?

The Ballen Group Has Just Closed Another Las Vegas Real Estate Transaction.

Las Vegas, NV - March 11, 2013 - (RealEstateRama) -- The Ballen Group, A Las Vegas real estate team who specializes in Summerlin, Las Vegas and surrounding areas has closed another Las Vegas Real Estate Transaction. This time, The Ballen Group resented the Home Buyer who purchased a home in Las Vegas, Nevada

The Problem With Fannie Mae Short Sales

Las Vegas, NV - February 4, 2013 - (RealEstateRama) -- Why is Fannie Mae countering short sale offers so high above market value? For the past few months, short sales with Fannie Mae as the investor are being countered by banks 20 to 30 percent (average) above fair market value. Is this the banks fault? Not necessarily. Banks servicing short sale files with Fannie Mae as the investor must follow the guidelines set forth by Fannie Mae

Why Are Fannie Mae Short Sale Appraisals So High?

Las Vegas, NV - February 4, 2013 - (RealEstateRama) -- Why is Fannie Mae countering short sale offers so high above market value? For the past few months, short sales with Fannie Mae as the investor are being countered by banks 20 to 30 percent (average) above fair market value. Is this the banks fault? Not necessarily. Banks servicing short sale files with Fannie Mae as the investor must follow the guidelines set forth by Fannie Mae.

Nevada Short Sales | Will Your Attorney Have Time To Answer Your Questions?

Las Vegas, NV - January 29, 2013 - (RealEstateRama) -- The decision regarding who to hire to short sale your home is an important one. You’ll need someone who is aggressive, knowledgeable and able to get the job done; however, you will also want someone who will be there to answer your questions throughout the process.

NVAR’s “Face of Foreclosure” report debunks threat of “shadow inventory,” suggests ways lawmakers can...

WASHINGTON, D.C. - January 24, 2013 - (RealEstateRama) -- After studying the foreclosure issue for nearly four years, the Nevada Association of REALTORS® (NVAR) released its latest “Face of Foreclosure” report today, offering recommendations for state lawmakers and discounting fears about a so-called “shadow inventory” of foreclosed homes

Short Sale in 2013 To Avoid a Large Tax Bill

Las Vegas, NV - January 14, 2012 - (RealEstateRama) -- As part of the fiscal cliff deal, the Mortgage Debt Forgiveness Act of 2007 has been extended for one more year and will now expire on December 31, 2013. The relief act's extension was seen as vital to the recovering housing market. Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. For instance, if somebody owes $250,000 on their mortgage and their lender agrees to a $200,000 short sale, $50,000 in debt is forgiven. This would have been taxable without an extension of the law.

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Nevada Short Sale Information – FTC Cracks Down on Loan Modification...

Las Vegas, NV - January 6, 2011 - (RealEstateRama) -- Effective January 31, 2011, The Federal Trade Commission has banned loan modification companies from charging up-front fees for negotiating modifications of residential mortgage loans. According to Eric Witksoki, Chief of the Attorney General’s Bureau of Consumer Protection, and the state consumer advocate, “Money spent on mortgage modification consultants is a bad bet for consumers.” Additionally, Witkoski commented that spending money on loan modification is “worse than some of the odds at the casino tables.”

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Calmwater Capital Provides $36.7 Million for Mountains Edge Marketplace in Las...

Calmwater Capital, a leading, national direct real estate lender, has originated a $36.7 million loan for Remington Nevada to refinance existing debt and finance remaining construction of the Mountains Edge Marketplace in southwest Las Vegas. Once completed, the 101,000-square-foot retail property, anchored by Albertsons, will be located at the corner of Blue Diamond Road and South Buffalo Drive, adjacent to the Mountains Edge master planned community.