Las Vegas Real Estate Agent, Las Vegas Homes, Condos, Land, Commercial Real Estate and Personal Blog

 Getting the best possible deal for a home or condominium is compromised of two parts. One is buying the home or condo at a good price and the other is getting the best mortgage deal.
Any savings on the price of a residence can be reduced by paying higher interest rates for a mortgage loan. For [...]

[Read more →]

 A negative side effect of Hope for Home Owners act is that as of October 1st, interested parties in a real estate transaction are forbidden to contribute towards buyer’s down payment if the loan is backed by FHA. This includes the seller, buyer and seller’s agent and Escrow Company and the lender and down payment [...]

[Read more →]

 Private home or condominium sellers have to compete with deep pocketed banks and other lenders to sell their property in Greater Las Vegas. Not only do these lenders have a great deal more money than a typical owner occupied home owner, any and all laws that have been passed by the congress so far in [...]

[Read more →]

    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 [...]

[Read more →]

   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 [...]

[Read more →]

   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 [...]

[Read more →]

    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 a [...]

[Read more →]

According to Freddie Mac’s survey last week, the average rate for a 30-year fixed mortgage was 5.48%. This is one of the lowest rates since 2004. Furthermore the Fed has cut rates by 1.25 percentage points in eight days, and has lowered the target for the federal funds rate to 3%. It is possible that [...]

[Read more →]

Following is an excerpt from a distressed Las Vegas Home owner’s interview with KVBC TV.
“”It’s really very hard, very emotional.” Christine Young of Henderson is in a bind like so many in our valley. She refinanced her four bedroom, nearly 2,000 square foot home more than a year ago. And at the time was convinced [...]

[Read more →]