August 2012

There are 3 blog entries for August 2012.

Nevadans Lower their Average Mortgage Debt according to Transunion

Friday, August 24th, 2012 at 8:43pm. 1809 Views, 0 Comments.

Nevadans Lower their Average Mortgage Debt Balances

Interesting article with certainly an interesting headline in VegasInc:

Nevadans Increasingly Struggle to pay their Mortgages even while their debt sinks

Nevada also had one of the largest year-over-year declines in mortgage debt, according to TransUnion. Debt fell to $214,262 per borrower in the second quarter, from $244,100 a year earlier — a 12.2 percent drop.

This is one of those silver linings with all of the other foreclosure news that Las Vegas has dominated the national headlines with during the foreclosure fiasco.

Is the 12.2% drop in mortgage debt because Nevada homeowners have been paying down their mortgages? Absolutely not if you read the rest of the story and see that Notice of Defaults (First…

New Home Construction - Is Hiring a Realtor Worth It?

Friday, August 24th, 2012 at 5:55pm. 424 Views, 1 Comments.

New Home Construction- Is Hiring a Realtor Worth It?

It's a simple question. One that nearly every homebuyer will ask himself or herself at some point. But in the case of buyers shopping new construction, the question has a simple answer- yes. Why is the answer so simple? Well when you consider the fact that in nearly every new home purchase, the builder pays the commission of the buyer's agent; it's easy to see why.

This is a point that is not made clear enough to most new homebuyers. But to say it again, in a new home transaction, the builder almost always pays for the commissions of both the listing agent and the buying agent. For those of you who are on the fence about hiring your own Realtor®, this should give pause for serious consideration. After…

Las Vegas Homeowners Delinquent beware, Judicial Foreclosures are now here

Sunday, August 19th, 2012 at 6:03pm. 2198 Views, 4 Comments.

First Nevada Judicial Foreclosure I've Personally Seen

Getting slammed in Nevada with a Judicial Foreclosure(Note: I am not an Attorney and I don't pretend to be one. The following post is not giving any legal advice and is just an interpretation seeing it through the eyes of a Las Vegas real estate agent that has been successfully helping Las Vegas homeowners do short sales for over four years.)

Back in late December after attending a Foreclosure Mediation with some Las Vegas homeowners with Bank of America, I wrote a post about a discussion I had with an Attorney representing Bank of America concerning the possibility of banks turning to Foreclosing on Nevada Homes via the Judicial Process.

It was quite an interesting conversation with the Attorney representing Bank of America and according to him, starting…