Mortgage

Mortgage

The Old Fashioned Mortgage Is No More

The days of rigid old fashioned mortgages where you needed 20% or more down and perfect credit are gone. Just as the world has evolved, so have mortgages. It is now easier than ever to find a loan program that is customized to work for you. That is what Mann Mortgage specializes in!

Mann Mortgage Announces Grand Opening of the Las Vegas Branch

Mann Mortgage, a national mortgage banker, announces the grand opening of their Las Vegas branch. This retail branch will serve local consumers and Real Estate Agents in the Las Vegas and Henderson Valley communities with home financing.

Heller Urges Senate Finance to Take up Tax Extenders and Include State, Local Sales...

Today, U.S. Senator Dean Heller (R-NV) penned a letter to the Chairman and Ranking Member of the Senate Finance Committee, asking them to move forward on tax extenders legislation. In the letter, Heller urges the Committee to include a continuation of the state and local sales tax deduction. This tax deduction is “a vital component of our economy, spurring growth and creating jobs,” Heller said

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

Heck Introduces Mortgage Forgiveness Tax Relief Act to Help Underwater Homeowners

With Las Vegas and the state of Nevada still struggling to reverse the devastating effects of the housing crisis, Congressman Joe Heck (NV-03) today introduced legislation that would help homeowners who are underwater on their mortgage. The Mortgage Forgiveness Tax Relief Act ensures underwater homeowners are not subjected to additional income taxes if a portion of their mortgage is forgiven. Homeowners who undergo a mortgage refinancing or "short sell" their home would be required to pay an additional income tax on the difference between the homes original value and the current value. However, Rep. Heck's bill would prevent that sum from being taxed as income because the homeowner never actually receives that money

Las Vegas Agent Convicted in Mortgage Fraud Scheme

A Las Vegas mortgage agent has been convicted for his role in a “cash back at closing” mortgage fraud scheme that netted $1.43 million in fraudulent mortgage loans, announced Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the District of Nevada, and Acting Special Agent in Charge William C. Woerner of the FBI’s Las Vegas Field Office

Senators Heller, Stabenow Introduce Bipartisan Bill to Eliminate Tax that Hits Underwater Homeowners

U.S. Senators Dean Heller (R-NV) and Debbie Stabenow (D-MI) today introduced the Mortgage Forgiveness Tax Relief Act to ensure that underwater homeowners, those who owe more on their mortgages than their homes are now worth, would not be hit with additional income tax if a portion of their mortgage is forgiven. Without the Stabenow-Heller legislation, homeowners will be required to pay these additional taxes when they refinance or sell their homes in what are commonly called “short sales.”

Why You Need a Realtor Who Specializes In Seller Representation To Sell Your Home

Las Vegas, NV - May 9, 2013 - (RealEstateRama) -- There are many Realtors out there. Who will do the best job for you? Representing a Seller in a real estate transaction involves much more than negotiating the highest sale price. Did you know that most real estate contracts are designed to protect the rights of a Buyer, NOT the Seller? Each state uses a different real estate contract, and each contract contains numerous safeguards allowing Buyers’ the ability to exit the contract without penalty. For example, in a Nevada Real Estate Contract, unless otherwise amended, the contract is contingent upon the Buyer’s ability to qualify for financing.

Las Vegas Mortgage Agent Sentenced to 15 Months in Prison for Role in Mortgage...

WASHINGTON, D.C. - May 7, 2013 - (RealEstateRama) -- A Las Vegas mortgage agent was sentenced late yesterday to serve 15 months in prison for her participation in a mortgage fraud scheme that netted more than $1.2 million in fraudulent mortgage loans, Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the District of Nevada and Acting Special Agent in Charge William C. Woerner of the FBI’s Las Vegas Field Office announced today.

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 Closes Another Real Estate Transaction.

Las Vegas, NV - March 27, 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 Henderson, Nevada.The property, located in the subdivision of Sorrel Vista Estates was listed for $155,00 and sold To The Ballen Groups Client for $166,200

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

Las Vegas, NV - March 25, 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 Henderson, Nevada

Myers Team Named Las Vegas 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 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.

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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.