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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.

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-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, 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?

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?

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.

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.

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

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?

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

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

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.

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.

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

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.