January 2011

There are 2 blog entries for January 2011.

HAFA Short Sale Guidelines Being Modified

Friday, January 7th, 2011 at 10:28am. 1950 Views, 2 Comments.

Help for Las Vegas Short Sale Sellers

HAFA Short Sales... A somewhat complicated short sale program created by the Treasury Department with the help of the National Association of REALTORS® with good intentions that started April 1st of 2010. Loads of paperwork but if you do get a HAFA Approved short sale, the good news is that it's ready to go. For buyers, this means you don't have to wait six months to find out that the seller's lender is going to deny the short sale and send the property to foreclosure. 

Las Vegas Short SalesFor Example -- My Listing Here is a HAFA Approved Short Sale.  The bank has told me what they will accept as a minimum. All I need is a buyer and we can have it closed in 45 days. Actually... it's probably better then buying a Las Vegas REO home because…

Commercial Real Estate Vacancy Rates hold steady in Las Vegas

Wednesday, January 5th, 2011 at 9:13am. 1548 Views, 0 Comments.

Signs of Recovery in Las Vegas?

From the Las Vegas Sun:

"The commercial real estate vacancy rate in Las Vegas held steady during the fourth quarter — a sign analysts said signals the worst of the downturn may be over for the retail, office and industrial market."

Read the Full Story Here By Buck Wargo - Las Vegas Sun 01/05/2011

Something to point out here for readers not from Las Vegas - There were so many commercial real estate projects planned during the phony economy days that were built and came online after the Las Vegas economy fizzled out and this added to the inventory. 

In other words, a 24% vacancy rate today does not mean the same as a 23% vacancy rate at the end of 2009. Much like residential real estate building in Las Vegas, when credit was…