This legislation will allow distressed home owners who qualify, to cancel their old mortgage loans and replace them with 30-year fixed-rate loans for up to 90 percent of the home’s current value. The lender has to give the owner 10% equity in the home/condo. The catch is that the home owner’s current mortgage holder [...]
Entries from July 30th, 2008
Few points about Hope for Homeowners Act of 2008, passed by Congress to try to help steer as many as 400,000 distressed home owners away from foreclosure
July 30th, 2008 · No Comments · Las Vegas Real Estate
Tags: bank·distressed home owners·Hope for Homeowners Act of 2008·lender·mortgage·real estate
What you should know about earnest money deposits in Nevada
July 29th, 2008 · No Comments · Las Vegas Real Estate
What you should know about earnest money deposits in Nevada Earnest Money Deposit (EMD) is the deposit paid by a prospective Buyer as evidence of their “good-will” to complete the real estate transaction; the Buyer is promising to be diligent in their efforts to fulfill the terms of the Residential Purchase Agreement (“RPA”). Additionally, if [...]
Tags: Earnest money deposit·EMD·escrow·Nevada·residential purchase agreement·title
Foreclosure process timeline and who to seek advice from
July 21st, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes
When distressed Las Vegas home owners start missing payments on their mortgage, they often have no idea how long they can keep their home or condo or where to look for advice. Unfortunately, they turn toward their mortgage holder or the bank for advice; doing so is seeking advice from your adversary. How smart is [...]
Tags: condos·homes·Las Vegas distressed home owner·Las Vegas foreclosures·lender·mortgage
An excellent post in our Las Vegas Real Estate Forum about understanding mortgage rates as it relates to current real estate by John Le Francois
July 15th, 2008 · No Comments · Las Vegas Real Estate
I have admittedly ignored the third and in my opinion the best part of Las Vegas Homes, condos, land and commercial real estate and that is the Las Vegas real estate forum. The reason is lack of time and that it needed to be updated to function properly. But the forum is updated now and [...]
Tags: ·condos·fixed rate·land·Las Vegas Commercial Real Estate·Las Vegas homes·Las Vegas real estate forum·mortgage
Making offers on Las Vegas short sales that are not approved by the lender and priced exceptionally low to get an offer often fail
July 12th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes
These days some Las Vegas Realtors price a short sale much lower than other comps so they can open negotiations with bank with an offer in hand. Making a purchase offer on these short sale homes or condos often end in a long wait for the buyer, and eventual rejection by the lender. Approval for [...]
Tags: Las Vegas short sale condominiums·Las Vegas short sale condos·Las Vegas short sale homes·lender approval for short sale·mortgage
Las Vegas Condo auction in Summerlin area, did these Las Vegas condo auction condo buyers get a good deal? Conclusion
July 9th, 2008 · No Comments · Las Vegas Homes, condos and Real Estate auctions, Las Vegas condos
This is the concluding article of: Las Vegas condo auction pricing, and if the buyers who purchased a condominium at Adagio condo auction got a good deal? I have researched the closing prices for three condominium conversion models in Adagio condominium community that have sold last year. The models are as follows: A: 3 bedrooms [...]
Tags: buy·condo conversion auction in Vegas·condominium·condos·Las Vegas condo auction·Las Vegas condos for sale·Las Vegas real estate auction·real estate·real estate auction·sell·Summerlin real estate auction
New improved Masoud is back home and ready to go
July 1st, 2008 · 1 Comment · Las Vegas Commercial Real Estate, Las Vegas Real Estate, My Business and Personal Blog
Some kind of a weblog this turned out to be. May be we should call it a “once in a blue moon log”. The reason for the disappearance was that I had to visit my parents because my father is not in good health. But that is life and I am back alive and improved. [...]
Tags: ·Dr. Mehdi Saberzadeh·Las Vegas Commercial Real Estate·Las Vegas condos·Las Vegas homes·Las vegas residential real estate·Masoud
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