Yearly Archives: 2013

City Of Las Vegas Employee Marco Velotta Recognized By The Nevada Chapter Of The...

City of Las Vegas employee Marco Velotta received the 2013 Individual Award for Organizational Excellence at the recent U.S. Green Building Council (USGBC) Nevada Green Gala held at the Nevada State Museum

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

Nevada Unclaimed Property Division Hosts 2013 Auction More than 270 items up for bid

State Treasurer Kate Marshall announced today that her office’s annual Unclaimed Property Auction will take place on Saturday, December 7th, at the Grant Sawyer Building (555 E. Washington Avenue) in Las Vegas.

Las Vegas Region October Home Sales

area home sales fell in October as sub-$200,000 transactions continued to decline and the share of homes sold to absentee and cash buyers dropped to the lowest level in more than three years. The median sale price rose to $180,000 – the highest in nearly five years, a real estate information service reported


A bipartisan coalition of ten U.S. Senators introduced legislation today to establish a new infrastructure financing authority to help states and localities better leverage private funds to build and maintain the nation’s outdated infrastructure.

Las Vegas City Hall Awarded Prestigious Green Building Certification

Las Vegas City Hall has been awarded Leadership in Energy and Environmental Design (LEED) Gold status by the U.S. Green Building Council. The LEED rating system is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance

Treasurer Marshall Warns of Bogus Unclaimed Property Scam

State Treasurer Kate Marshall today issued a warning to all Nevadans about an email scam revolving around unclaimed property findings that is really a hoax to gain personal information and steal your identity.

Heck Joins Bipartisan Coalition in Introducing Bill to Encourage Saving for Home Down Payments

U.S. Representatives Joe Heck (R-NV), John Carney (D-DE), Daniel Webster (R-FL), and Peter Welch (D-VT), today announced the introduction of H.R. 2929, the “Creating Homeownership Opportunities Act,” bipartisan legislation that would create a pre-tax savings program -- similar to a Health Savings Account -- for the purpose of saving toward a down payment on a first home

Lee & Associates Closes $10.2 Million Sale of McCarran Corporate Plaza

Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the $10.2 million sale of McCarran Corporate Plaza at 5740 and 5820 S. Eastern Ave., Las Vegas, Nev. Chuck Witters, SIOR and Kris Watier, both of the Lee Las Vegas office, represented the seller P-38 Properties, LLC

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

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

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.”

More Than $660 Million in Abandoned Property Available to Rightful Owners

Carson City - June 5, 2013 - (RealEstateRama) -- State Treasurer Kate Marshall announced today that her office’s Unclaimed Property Division, which is currently holding more than $660 million dollars in abandoned property, will soon be advertising in 18 newspapers (publication schedule included at end of release) across the state the last known names and addresses of people whose abandoned property was reported to the Unclaimed Property Division between January 2012 and May 2013, a total of nearly $73.4 million.

Congresswoman Titus Announces Major Clean Energy Project for Southern Nevada

WASHINGTON, D.C. - June 4, 2013 - (RealEstateRama) -- Today, Congresswoman Dina Titus of Nevada’s First District announced that the Department of the Interior has approved a major clean energy project in Southern Nevada. The Midland Solar Project will be built seven miles southwest of Boulder City. Once completed, the solar power plant will generate enough electricity to power approximately 105,000 homes. The project will create 350 construction jobs and up to 10 permanent jobs


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.”



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.