Archives

Las Vegas, NV - April 18, 2011 - (RealEstateRama) -- Statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR) show local home sales soared and prices slipped in March compared to the previous month and year.

WASHINGTON, DC - April 18, 2011 - (RealEstateRama) -- The House voted last week to eliminate a mortgage relief program the Obama administration established nearly two years ago to help homeowners avoid foreclosure.

April 13, 2011 - (RealEstateRama) -- The city of Las Vegas will use more than $6.8 in grant funds from the U.S. Department of Housing and Urban Development for affordable housing, community development and homeless assistance. The Las Vegas City Council at last week’s meeting approved plans for the grants to be used to fund at least 39 projects/programs including:

April 8, 2011 - (RealEstateRama) -- The city’s foreclosure prevention website, www.StopNVForeclosures.org, is now available in Spanish as well as English. Simply click the desired language at the top left of the website. The city designed the website to provide borrowers the opportunity to complete a short online form and request assistance from local Department of Housing and Urban Development approved housing counseling agencies. It also helps unsuspecting homeowners steer clear of unscrupulous businesses that target those facing foreclosure by offering fraudulent services. This website was made possible through a grant from Fannie Mae.

Las Vegas, NV - March 31, 2011 - (RealEstateRama) -- The Ballen Group, Las Vegas short Sale Specialists of Nevada, win top honors for production in February listings for Short Sale Homes in Nevada using their Comprehensive Short Sale System.

March 21, 2011 - (RealEstateRama) -- The city of Las Vegas in 2006 adopted a policy that all city buildings would be LEED-certified. So far, five projects are under development that are LEED registered, and will have the opportunity to be LEED-certified upon completion. Those projects include:• The Las Vegas Museum of Organized Crime and Law Enforcement

Las Vegas, NV - March 3, 2011 - (RealEstateRama) -- The Ballen Group, a local team of award winning short sale agents in Nevada, who have been specializing in Nevada Short Sales for several years now, have completed a very difficult Las Vegas Short Sale with Chase Bank for the property on Fine Fern in Silverado Ranch. The Bank took a short payoff as the property sold for $84,900 and was originally purchased for over $200,000. The entire process took 92 days from listing to close although The Ballen Group notes that short sales vary on time with each bank, buyer, and seller

March 1, 2011 - March 1, 2011 - (RealEstateRama) -- U.S. Congresswoman Shelley Berkley (NV) and U.S. Congressman Dennis Cardoza (CA) today announced they would co-chair the Democratic Caucus Housing Stabilization Task Force in the 112th Congress. The two Members of Congress represent regions of the country – Las Vegas and California's Central Valley – that have been ground zero for the housing crisis. The Task Force was first created in 2010 under the leadership of Berkley and Cardoza. This Congress, members of the task force will continue focusing on solutions to the nation's residential housing crisis.

Las Vegas, NV - March 1, 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.

Las Vegas, NV - February 14, 2011 - (RealEstateRama) -- Las Vegas, Nevada – Last week, Century 21 President and CEO, Rick Davidson announced that The Myers Team with Century 21 MoneyWorld has won the prestigious Centurion Award for 2010.

Las Vegas, NV - February 4, 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.

Las Vegas, NV - February 2, 2011 - (RealEstateRama) -- We have all heard the same story over and over. It’s the story about a family who gets behind on their mortgage payment, and applies for a loan modification to try and save their home. After waiting many months, the loan modification is denied, and the bank recommends that the homeowner do a short sale.

Las Vegas, NV - January 28, 2011 - (RealEstateRama) -- Who says that history doesn’t repeat itself? In September 1929, the Secretary of the Treasury, Andrew W. Mellon made the following announcement, “There is no cause to worry. The high tide of prosperity will continue.” One month later, Wall Street experienced the most devastating stock market crash in the history of the United States. The crash signaled the beginning of the 12 year Great Depression that affected all Western industrialized countries.

Las Vegas, NV - January 20, 2011 - (RealEstateRama) -- Most homeowners in Las Vegas are so far “upside down” on their homes (owing significantly more than their home is worth) that they don't qualify for the government's $75 billion Home Affordable Mortgage Plan

Las Vegas, NV - January 17, 2011 - (RealEstateRama) -- http://www.youtube.com/watch?v=IIl62k7Qyyo - 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.