November 2010

There are 5 blog entries for November 2010.

Black Friday Deals in Las Vegas...

Thursday, November 25th, 2010 at 8:37am. 986 Views, 0 Comments.

Black Friday Deals for items that have real value..

In the spirit of the season, we've got some great deals on Las Vegas Homes where prices have been slashed. No need to camp out and wait in line, just call 702.592.3058...

Click the address for more information, mapping and a mortgage calculator.

Southwest Las Vegas Home for Sale7425 Mojave Canyon St. - Southwest Las Vegas Home for Sale

Move In Condition. Over 1,900 square feet, 3 Bedrooms / 2.5 baths with a loft. Just slashed $10,000 off of the price and now available for $130,000. Granite Counters, tile and we'll throw in all of the appliances if you call 702.592.3058.

Located in the Jones & I-215 area of Southwest Las Vegas in the Canyon Crest Subdivision.  Monthly Association dues are $40 a month and annual property taxes are currently…


Bank of America Short Sale Approved for an Investment Property with future Deficiency Rights Waived!

Wednesday, November 24th, 2010 at 5:21pm. 1576 Views, 0 Comments.

Las Vegas Short Sale Approved

Bank of America Short SalesI can't tell you how many times I've heard from sellers that they were told that Bank of America would not approve a short sale on an investment property AND waive their future deficiency judgement rights.

In Nevada, Lenders have the right to pursue a deficiency judgement for up to six years after a short sale closes unless they waive these rights and put it in writing.

Honestly, on my latest short sale with Bank of America that was just approved for an Investment Property WITH the future deficiency rights waived, it was not easy but it was accomplished proving that it is doable.

So... if you have an investment property in Las Vegas where Bank of America is the lender / servicer and somebody tells you that getting a short sale…


Dataquick releases October numbers for Las Vegas Real Estate

Wednesday, November 24th, 2010 at 11:14am. 857 Views, 0 Comments.

Interesting Article in TheStreet.com

Really no surprise so I'm not going to comment on it too much except for some interesting numbers:

Las Vegas Home Sales Sank In October - TheStreet.com - 11/23/10

Home sales fell sharply in the Las Vegas region last month as the weak economy, concerns about job security and the hangover effect from the home buyer tax credits took their toll on demand. The overall median sale price fell nearly 4% from a year ago to its lowest level in more than 12 years, a real estate information service reported.

Keep in mind when all of these reports come out about Las Vegas Home sales for October that in October of 2009 we had the mad rush to beat the original deadline for the first time homebuyers tax credit that was supposed to expire…


Summerlin Short Sales Report

Tuesday, November 23rd, 2010 at 12:22pm. 894 Views, 0 Comments.

Summerlin Short Sales Report

As of 11/23/2010, there are a total of 373 short sales currently available for sale in Summerlin on the Las Vegas Multiple Listing Service (MLS) and 461 Summerlin short sales currently in Contingent or Pending status.

A Further Breakdown of Summerlin Short Sales by zip code:

Zip Code
Summerlin Short Sales Available For Sale
Summerlin Short Sales Under Contract
89128
29
27
89134
80
72
89135
96
150
89138
72
117
89144
96
95

 

 

If you own a home in Summerlin, have a mortgage more then your home is worth and need to move on, Please visit my short sale page for more information.

 

Paul Francis, CRS
Prudential Americana Group, REALTORS
Summerlin Short Sales
702.592.3058

 


Will Las Vegas Home Values ever bottom out?

Sunday, November 21st, 2010 at 8:55am. 3583 Views, 4 Comments.

HomeBuyer Tax Credit Only Delayed the Inevitable

Home values will continue to drop across the nation according to an article in HousingWire.

FISERV Expects Big Drop in Home Prices Next Year 11/15/2010 by Jon Prior

Fiserv Chief Economist David Stiff said the largest declines will come in those markets that had strong spring and summer price gains.

"This is because the home buyer tax credit delayed the correction in home prices that is necessary to return housing affordability to its pre-bubble levels," Stiff said.

Las Vegas Real Estate still has it's issues

No doubt you've heard that Las Vegas is the foreclosure capital of the United States as homeowners give up on seeing any hope of home values returning to the peak levels seen in 2006. The latest estimates are…