May 2013

There are 4 blog entries for May 2013.

Summerlin Homes for Sale and April Sales Stats in Las Vegas Zip Code 89135

Tuesday, May 14th, 2013 at 8:40pm. 700 Views, 0 Comments.

Summerlin Homes for Sale in Las Vegas Zip Code 89135

Las Vegas Zip Code 89135 MapAs of today, there are currently 133 Summerlin Homes available for sale in the Las Vegas zip code of 89135 on the Las Vegas Multiple Listing Service (MLS). Prices currently range from $7,499,999 for a 9,873 square foot Summerlin estate in The Ridges of Summerlin to a 1,284 square foot Summerlin Single story home listed for $189,000.

Median Stats:

  • Median List Price = $465,374
  • Median Sq. Footage = 2,838
  • Median $ Per Square Foot = $185
  • Median Bedrooms = 4

View Homes for Sale In Summerlin Zip Code 89135

Summerlin Zip Code 89135 April Sales

In April of 2013, 102 properties in the Summerlin Zip code of 89135 sold ranging in sales prices from $2,400,000 for a home in Red Rock Country Club to $134,999 for a 975…

Fannie Mae and Freddie Mac begin roll out of new Streamlined Modification Program

Tuesday, May 14th, 2013 at 11:56am. 712 Views, 3 Comments.

Fannie Mae and Freddie Mac begin program to help distressed borrowers

According to DSNews that you can read here:

Rather than delay assistance to borrowers, Freddie Mac stated it is making the program immediately available to all eligible borrowers across the country, according to a release. In an email, Fannie Mae also confirmed the program is already available. As part of the program, Fannie Mae and Freddie Mac borrowers who are at least 90 days delinquent but no more than 720 days past due may be eligible for a modification that does not require the borrower to submit financial or hardship documentation.

Check to see if your loan is owned by Fannie Mae or Freddie Mac and an explanation of Who Really Owns Your Home Loan.

The Program was originally announced…

Homeowners with Negative Equity drops over 40% compared to last year according to LPS

Tuesday, May 7th, 2013 at 10:30am. 1128 Views, 0 Comments.

Latest Report From Lender Processing Services (LPS)shows huge improvement

According to a recent report from Lender Processing Services using data from March, homeowners with negative equity (also known as "underwater" owing more on their home loan then their home is worth) dropped 41% year over year. You can read the article HERE.

“Still, the overall equity trend has been a very positive one,” Blecher continued. “LPS’ latest data shows that the share of loans with LTVs greater than 100 percent has fallen 41 percent from a year ago. In total, there were approximately 9 million such loans, or about 18 percent of active mortgages. Some states, including the so-called ‘sand states’ (Arizona, Florida, Nevada and California), are still well above the national…

Rental Home Scam puts Zillow and the National Association of REALTORS on alert

Monday, May 6th, 2013 at 4:40pm. 550 Views, 0 Comments.

Another Rental Home Scam

Just a little bit more sophisticated where the scammer used Zillow to act as a Real Estate Agent that you can read here.

The scene isn’t as far-fetched as it may seem. Recently, Bailey learned that a scammer scraped his rental listing and reposted it at a lower rent on Zillow, where the original listing was already posted. A prospective renter then found the fake Tobyhanna, Pa. listing posted on rental site HotPads; which Zillow owns and feeds listings to and contacted the scammer.

After hearing from the renter, the scammer corresponded through email with her, using Bailey’s name, an email address with Bailey’s name in it, and a phone number bearing Bailey’s area code.

It's a pretty old scam and it's actually happened to me before…