Mortgage

Mortgage

Mortgage Forgiveness Debt Relief Act Expires Dec 31 2012!

Las Vegas, NV - December 15, 2011 - (RealEstateRama) -- If you’ve been thinking about doing a short sale on your Nevada home, you might want to hurry up. The time is limited for homeowners who want to ensure they aren’t hit with a big tax bill because they had to walk away from a mortgage obligation. The Mortgage Forgiveness Debt Relief Act is set to expire on December 31, 2012.

Why AB284 Helps Nevada Homeowners Seeking Short Sales

Las Vegas, NV - November 21, 2011 - (RealEstateRama) -- There was a significant decline in the number of mortgage default notices served on homeowners in the Las Vegas metro area and in Nevada in October, but not because of a sudden recovery in the housing market.

Why Nevada Short Sales Work and Loan Modifications Fail

Las Vegas, NV - November 9, 2011 - (RealEstateRama) -- We have all witnessed the Occupy Wall Street demonstrations taking place in New York, and major cities throughout the country. Protesters are pointing their finger at major banking institutions, blaming them for the collapse of our housing market and economy; however, are American banks the source of the real problem?

Hardship Letter for Nevada Residents

Las Vegas, NV - November 4, 2011 - (RealEstateRama) -- While short sales minimize damage to your credit versus foreclosure, the fact remains that the goal of every short sale is to walk away without the bank coming after you at some future date down the road. So why are some homeowners asked to pay substantial promissory notes in exchange for a short sale approval, while other homeowners are not asked to pay a promissory note at all? The answer can almost always be found by looking at the experience (or lack of experience) of the Real Estate Agent. There are certain factors which minimize hardship in the eyes of banks and bank Investors, and are essentially short sale deal killers. A Realtor experienced with short sales will be able to explain the banks perception of hardship and how it applies to your particular situation.

Secrets of Nevada Short Sales

Las Vegas, NV - October 31, 2011 - (RealEstateRama) -- In a city like Las Vegas, there are very few absolutes. Always split aces and eights. Never bet more than you can afford to lose and never wise-off to the bouncer. For Las Vegas homeowners considering a short sale, there is one more absolute: The Myers Team is Nevada's #1 Short Sale Team.

Nevada Luxury Short Sales

Las Vegas, NV - October 20, 2011 - (RealEstateRama) -- A short sale transaction is without doubt, the most complicated transaction in residential real estate. Just because a Realtor is experienced, does not mean that he/she is experienced with short sales. Here’s an example which illustrates the importance of hiring the right real estate agent to handle your short sale. If you needed to hire an airplane pilot to fly you across the country, there are literally thousands of licensed and experienced pilots to choose from. Now, let’s take the same example and change the terms. What if the flight was going to be flown over a hostile, enemy country? Would you still want to hire a standard commercial pilot, or would you prefer to fly in an Air Force fighter jet flown by an experienced Top Gun certified pilot armed with the best missles and weapons to d eter an enemy threat?

Nevada Short Sales – Questions to Ask Your Realtor

October 17, 2011 - (RealEstateRama) -- A short sale transaction is without doubt, the most complicated transaction in residential real estate. Just because a Realtor is experienced, does not mean that he/she is experienced with short sales. Here’s an example which illustrates the importance of hiring the right real estate agent to handle your short sale. If you needed to hire an airplane pilot to fly you across the country, there are literally thousands of licensed and experienced pilots to choose from. Now, let’s take the same example and change the terms. What if the flight was going to be flown over a hostile, enemy country? Would you still want to hire a standard commercial pilot, or would you prefer to fly in an Air Force fighter jet flown by an experienced Top Gun certified pilot armed with the best missles and weapons to deter an enemy threat ?

What Does The Bank Consider a Legitimate Short Sale Hardship?

Las Vegas, NV - September 30, 2011 - (RealEstateRama) -- After closing hundreds of short sale properties in Nevada, the biggest question we get asked from homeowners is, “Do I have a hardship and will I qualify for a short sale?” While each person’s financial situation is unique, the fact remains that practically everyone in Nevada is experiencing hardship to some degree. Let’s face it, our homes have lost more than half their value, and our state leads the nation in foreclosures and mortgage defaults.

Las Vegas Woman Pleads Guilty in Connection with Scheme to Fraudulently Control Condominium Homeowners’...

WASHINGTON, DC - September 26, 2011 - (RealEstateRama) -- A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs would direct business to a certain law firm and construction company, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division, Special Agent in Charge Kevin Favreau of the FBI Las Vegas Field Office, Special Agent in Charge Paul Camacho of the Internal Revenue Service-Criminal Investigation (IRS-CI), and Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department

Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of...

WASHINGTON, DC - September 6, 2011 - (RealEstateRama) -- A Las Vegas man pleaded guilty today for his role in a fraud scheme to gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs could direct business to a certain law firm and construction company, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division, Special Agent in Charge Kevin Favreau of the FBI Las Vegas Field Office and Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department

Las Vegas Nevada Luxury Short Sales – Get Help Now

Las Vegas, NV - September 5, 2011 - (RealEstateRama) -- Toni Braxon’s Las Vegas home recently sold as a foreclosure, according to Clark County Records. Toni Braxton, a six-time Grammy winner and her husband Keirston Lewis purchased their Las Vegas home in Henderson, Nevada, for $2.6 million three years ago. Their home was recently foreclosed upon and sold as a bank owned property on September 17, 2010 for $1,060,000. The two-story home was built in 2002 features four fireplaces, a pool, spa and a three-car garage. The 5,337-square foot home also has built-in bookcases, a wine refrigerator, a swimming pool, and a balcony overlooking the hill and mountain views

Lois Lee Greer offers Las Vegas Luxury Short Sales

Las Vegas, NV - September 1, 2011 - (RealEstateRama) -- Many Nevada homeowners have tried loan modification; however, loan modifications just don’t work. Remember that until you have equity in your house, all you are doing is renting. That’s correct! You are renting from the bank! There is no reason to pay off $300,000 in debt when the home you bought is now worth $150,000 or less. Most experts predict that it will take 10-20 years or more for the Las Vegas housing market to rebound. It makes rational sense to walk away and get a fresh start. Surrendering a home worth half of what you owe is not a failure, it’s a business decision. Why would anyone want to modify a loan and wait twenty years (or more) to have equity? For the few who actually qualify for loan modification, they become “renters for life.” Too many people refuse to recog nize a mistake, and then they compound the mistake over and over by spending their entire life savings, 401(k)’s, retirement savings, and even borrow money from family to avoid accepting the reality of the situation.

Nevada’s #1 Short Sale Team – Lois Lee Greer with The Myers Team

Nevada, NV - August 29, 2011 - (RealEstateRama) -- A recent report released by IMS Advanced Realty Data Services named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010.

Nevada Short Sale Realtors – Who Can You Trust?

Las Vegas, NV - August 29, 2011 - (RealEstateRama) -- A recent report released by IMS Advanced Realty Data Services named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010.

Who is Nevada’s #1 Short Sale Realtor?

Las Vegas, NV - August 26, 2011 - (RealEstateRama) -- A recent report released by IMS Advanced Realty Data Services named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010.

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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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BLM PROPOSES TO SELL 754.88 ACRES OF PUBLIC LAND IN CLARK...

The Bureau of Land Management Las Vegas Field Office is seeking public comments on a proposal to sell 40 parcels totaling 754.88 acres of public land in Clark County, Nevada. The competitive sale would be by sealed and oral bidding in accordance with the Southern Nevada Public Land Management Act (SNPLMA). A Notice of Realty Action published in today’s Federal Register opens a 45-day comment period which will close January 8, 2018.