Mortgage

Mortgage

The Ballen Group Las Vegas Real Estate Team Has JUST SOLD, A Home For...

Las Vegas, NV - February 4, 2013 - (RealEstateRama) -- The property, located on TWIN FEATHERS in The Mesa, A Summerlin Village inside Summerlin West took only 43 days from the day the listing went under contract until the day it closed and recorded. The buyer purchased the home with an FHA loan. The property was listed for $210,000 and closed for $212,000 on January 16, 2013.

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.

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.

Las Vegas Real Estate Agent Sentenced to 70 Months in Prison for Her Role...

WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- A Las Vegas real estate agent was sentenced today to serve 70 months in prison for her participation in a mortgage fraud scheme that netted more than $10 million in fraudulent mortgage loans, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the District of Nevada, and Special Agent in Charge Kevin Favreau of the FBI’s Las Vegas Field Office.

Reid’s Office Holds Mortgage Assistance Workshop With U.S. Teasury’s Hardest Hit Fund

Las Vegas, NV - September 13, 2012 - (RealEstateRama) -- The office of Nevada Senator Harry Reid and Nevada Affordable Housing Assistance Corporation will host a mortgage assistance workshop in Las Vegas at East Las Vegas Community/Senior Center on Saturday, September 15, from 11 a.m. to 4 p.m. Homeowners with a second mortgage and those that are currently unemployed or underemployed may be eligible for assistance from Nevada’s Hardest Hit Fund- $196 million in federal funding brought to the state to help struggling homeowners. This is the third mortgage assistance workshop that Senator Reid has hosted in Southern Nevada this year

Short Sales in Las Vegas Outselling Foreclosures

Las Vegas, NV - June 15, 2012 - (RealEstateRama) -- Since the passage of AB284, short sale inventory in Las Vegas has been catching up with foreclosures. Now, for the first time ever, short sale closings account for the vast majority of homes sold in Las Vegas. Nearly 30 percent of existing home sales in April were short sales, compared with 26 percent in March, the Greater Las Vegas Association of Realtors reported. Meanwhile, bank-owned home sales declined to 36.9 percent of April, down from 40.7 percent in March.

Myers Team Dominates Las Vegas Short Sale Market

Las Vegas, NV - June 11, 2012 - (RealEstateRama) -- A recent report named The Myers Team the #1 Short Sale Realtors in Nevada. Number one status was determined by actual short sale listings closed from January 1, 2007 through December 31, 2011.

Short Sales Getting Shorter in Las Vegas NV

Las Vegas, NV - June 7, 2012 - (RealEstateRama) -- With rules that take effect next month, federal regulators have hopes of greatly streamlining the short-sale process.

Short Sales in Las Vegas May Get Much Shorter

Las Vegas, NV - June 5, 2012 - (RealEstateRama) -- With rules that take effect next month, federal regulators have hopes of greatly streamlining the short-sale process.

Las Vegas Short Sale Information | Asset Protection and Full Deficiency Waivers

Las Vegas, NV - May 30, 2012 - (RealEstateRama) -- A recent report named The Myers Team the #1 Short Sale Realtors in Nevada. Number one status was determined by actual short sale listings closed from January 1, 2007 through December 31, 2011.

Las Vegas Short Sale Attorneys | How Much Do They Charge?

Las Vegas, NV - May 29, 2012 - (RealEstateRama) -- Why would you pay a Nevada Attorney thousands of dollars to handle your short sale when short sales are free? There has never been a better time to do a short sale. Many banks are now waiving their right to pursue deficiency, and some banks are even offering “cash back” to homeowners as an incentive to short sell, however, there are plenty of lawyers out there who are lining up to take your hard earned money. Why pay an attorney for a service that should not cost you a dime.

Lori Ballen Realtor and her Nevada Short Sale Team close another Las Vegas Short...

Las Vegas, NV - May 28, 2012 - (RealEstateRama) -- The Ballen Group, A Las Vegas Short Sale Specialist Team, known for their Las Vegas Real Estate experience in Short Sales, has just closed another Short Sale in Nevada. Using their comprehensive Short Sale System, The Ballen Group is able to handle a large volume of short sales and accomplish the goal at hand, to close the short sale.

Las Vegas Short Sales | Cash Back For Homeowners

Las Vegas, NV - May 23, 2012 - (RealEstateRama) -- In an effort to move troubled mortgages off their books, banks have begun offering cash to delinquent homeowners so that they can sell their properties for less than they owe. No lender likes to do short sales, but many banks have decided that short sales are quicker and less expensive than foreclosing. In addition to offering cash incentives, banks have been pre-approving details, streamlining the process of closing and forgoing their right to pursue unpaid debt in the hope of getting through some of the backlog.

Deficiency Judgements in Nevada | Las Vegas Short Sales

Las Vegas, NV - May 21, 2012 - (RealEstateRama) -- Why would you pay a Nevada Attorney thousands of dollars to handle your short sale when short sales are free? There has never been a better time to do a short sale. Many banks are now waiving their right to pursue deficiency, and some banks are even offering “cash back” to homeowners as an incentive to short sell, however, there are plenty of lawyers out there who are lining up to take your hard earned money. Why pay an attorney for a service that should not cost you a dime.

Las Vegas Short Sales | Are Lawyers Necessary?

Las Vegas, NV - May 15, 2012 - (RealEstateRama) -- Why would you pay a Nevada Attorney thousands of dollars to handle your short sale when short sales are free? There has never been a better time to do a short sale. Many banks are now waiving their right to pursue deficiency, and some banks are even offering “cash back” to homeowners as an incentive to short sell, however, there are plenty of lawyers out there who are lining up to take your hard earned money. Why pay an attorney for a service that should not cost you a dime

Popular

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.”

Recent

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.