April 2010

There are 8 blog entries for April 2010.

Will Steve Wynn Move Headquarters out of Las Vegas to Asia?

Saturday, April 24th, 2010 at 12:19pm. 1135 Views, 0 Comments.

Steve Wynn makes Headlines with Statement

Plenty of news out there about Steve Wynn's recent remarks concerning big Government... one of the better articles out there that I've found about the overall situation is from Pokernews.com:

Wynn Threatens to Move HQ to Asia

Chairman and CEO Steve Wynn told MSNBC that he was thinking about moving the company's corporate headquarters from Las Vegas to Macao.

Wynn said, "It is not improbable or unrealistic considering so much of our revenue is from China that it makes sense that I spend most of my time here."

He also criticized President Obama's handling of the economy and said that this was a significant reason for wanting to move.

"The governmental policies in the United States of America are a damper, a wet…


Will new HAFA Program approve more Las Vegas short sales and slow down Foreclosures?

Friday, April 23rd, 2010 at 1:38pm. 916 Views, 0 Comments.

Servicer Profits are greater then Government Incentives

From Businessweek:

Mortgage Servicer Profits Greater then Incentives to Participate.

Mortgage servicers may have to take a pay cut to participate in President Barack Obama’s programs to modify home loans and advance the sale of properties in default.

Starting this month, the Treasury Department is paying companies that collect mortgage payments and examine pleas for assistance a $1,500 stipend for approving the sale of homes for less than the loan balance, known as a short sale. The servicers also get $1,000 for each completion under the government’s year- old mortgage modification program, and additional stipends over three years if borrowers stay current on their payments.

Those “carrots” won’t be…


Las Vegas Short Sales Report for March of 2010

Tuesday, April 20th, 2010 at 7:32am. 806 Views, 0 Comments.

Las Vegas Short Sales Report - March 2010

Short sales closings are picking up. For March of 2010 there were 970 closings for properties listed as short sales on the Las Vegas MLS for areas 101 though 606 which includes Summerlin, Henderson and North Las Vegas real estate.

Las Vegas Short Sales currently available for sale: 4,283.

Las Vegas short sales currently under contract: 11,255

For the reality of short sales... Please contact Paul Francis @ 702.592.3058

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Southern Highlands Drop Dead Gorgeous Pool Home for Lease...

Tuesday, April 20th, 2010 at 5:55am. 971 Views, 0 Comments.

Southern Highlands Home for Lease...

This Gorgeous Royal Highlands home is located in a Guard Gated community within Southern Highlands... Within 100 yards of the guards... alarmed offering four bedrooms and an awesome Pool/spa..

A fantastic home offered at a fantastic rate for the first one who contacts me directly @ 702.592.3058...

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The floorplan is awesome... Call Paul Francis directly at 702.592.3058 for more information.... Offered for $2,000 a month to lease out quickly...

Update - Leased out in 10 days.

Paul Francis
Prudential America Group - Realtors
Las Vegas Real Estate
702.592.3058


Well Priced Summerlin Home - Non Bank Owned / Non Short Sale

Wednesday, April 14th, 2010 at 9:04pm. 1039 Views, 0 Comments.

Well Priced Summerlin Homes not Bank Owned do Exist

Summerlin in Las Vegas, NevadaWhile everybody is running around chasing down Bank Owned Homes and the bureacracy involved, here is further proof that it is possible to find nice homes where you can have a response to your offer before the April 30th deadline:

Summerlin Home for $265,000 - Price was just reduced from $275,000. 2,434 sq. ft. located in the desirable Summerlin South area and built in 2000. These homes were offered and built by Pulte back in the late 1990's before the building bubble nonsense and the community was actually well planned out. During the peak of the housing bubble, they easily reached over $500,000 if you could even find one for sale. According to the tax records, The current owners are the original owners and…


Las Vegas Bank Owned Homes Report for April of 2010

Wednesday, April 14th, 2010 at 2:28pm. 1270 Views, 1 Comments.

Las Vegas Bank Owned Properties for Sale - April 2010

Quite a big difference on the amount of bank owned properties available for sale in comparison to back in March of 2009 when there were over 6,765 bank owned properties available in Las Vegas. As of 04/14/2010, there are a total of 1,341 bank owned properties available for sale in the Las Vegas area listed for sale on the Las Vegas MLS. This is for areas 101 through 606 which includes Henderson and North Las Vegas.

Breaking down the numbers:

Single Family, Low Rise Condos, Townhomes & Manufactured Homes = 1,281

  • 992 Single Family Homes
  • 189 Low Rise Condominiums (In buildings under 5 stories)
  • 92 Townhomes
  • 8 Manufactured Homes

MacDonald Ranch Bank Owned Home in Henderson, NVPrices range from $4,900,000 for a 12,872 sq. ft. Luxury Estate in MacDonald…


Southwest Las Vegas Condo For Lease - 3/2 Near Durango & I-215

Monday, April 12th, 2010 at 1:03pm. 1507 Views, 2 Comments.

Southwest Las Vegas Condo For Lease

Las Vegas Condominium for Lease in Southwest Las VegasJust listed for lease and available for immediate move in.

Fantastic 3 Bedroom / 2 Bath Condominium built in 2007 with fantastic community amenities. Located in a Gated Community near Durango & I-215 for easy and convenient access. Condominium is located within a building with secured entry, features an open floorplan, all appliances and a Master Bedroom seperate from the secondary bedrooms. For more information and pictures, please visit Esplanade Condo In Las Vegas for Lease.

Paul Francis, CRS
Prudential Americana Group - Realtors
Las Vegas Real Estate
702.592.3058


Feds Say Gut Those Homes with Chinese Drywall - Was it used in Las Vegas Homes?

Saturday, April 3rd, 2010 at 7:03pm. 1455 Views, 0 Comments.

Chinese Drywall debate is about to heat up

There are not many documented reports of Chinese Drywall in Las Vegas except for this lawsuit that alleges the use of Chinese Drywall brought on by four homeowners. I've also heard of a particular Las Vegas Condominium development plagued with construction defect litigation that also used Chinese Drywall but I've been unable to verify the accuracy so far. Regardless.. I'm pretty certain that the Chinese Drywall issue is going to be the next big concern after this latest guideline was just released from the Consumer Product Safety Commission:

Homes with Chinese Drywall must be Gutted

Thousands of U.S. homes tainted by Chinese drywall should be gutted, according to new guidelines released Friday by the Consumer Product…