Las Vegas Bank Owned Homes Report

Las Vegas foreclosure reports as we work our way through the current real estate crisis. Market reports to keep track and view the current trends taking place.

There are currently 9 blog entries related to this category.

Bank Owned Homes for Sale in the Las Vegas Area - January 2013 Report

Wednesday, January 16th, 2013 at 9:02am. 722 Views, 0 Comments.

Bank Owned Homes for Sale in Las Vegas - 01/16/2013

Bank Owned Homes for Sale report in Las Vegas, Henderson and North Las VegasAs of 01/16/2013 - The number of Bank Owned Homes for Sale on the Las Vegas Multiple Listing Service is a whopping 546. This includes all of Las Vegas... Summerlin, North Las Vegas, Henderson, Green Valley and Lake Las Vegas. Single Family Homes, Condos, Townhomes, High Rise Condominiums..

Pop on over to my Bank Owned Homes for sale in Las Vegas page where I've been tracking the Bank Owned inventory for sale since May of 2007 (scroll all the way to the bottom of the page) to see what has taken place since then. 

May of 2007 - 589 Bank Owned Homes for Sale

January of 2009 - 7,750 Bank Owned Properties for Sale is the highest number I've reported and down to 546 as of today.

Bank Owned Properties for Sale by…


Las Vegas Bank Owned Homes for Sale 09/09/12

Sunday, September 9th, 2012 at 4:35pm. 883 Views, 4 Comments.

Las Vegas Bank Owned Homes Available for Sale Continues to Drop

Las Vegas foreclosures for sale www.lasVegasrealEstatehome.comAnother low for Bank Owned Inventory available for sale in the Las Vegas area including North Las Vegas and Henderson due to the passage and implementation of AB 284 that created one of the strictest foreclosure process laws in the United States and threw a big wrench in clearing out the bad home loans in Nevada.

As of 09/09/2012, there were 431 Bank Owned Properties available for sale in Las Vegas, North Las Vegas and Henderson. Broken down by category:

  • 336 Single Family Homes
  • 47 Condominiums in buildings lower then 5 stories. (Typically what we call Garden Style Condos.)
  • 26 Townhomes
  • 9 High Rise Condominiums.
  • 8 Manufactured homes.  
  • 5 Multi Family Condomiums.

As you can see from looking at the…


AB 284 Creating Chaos for Las Vegas Real Estate - Lowest Inventory of Bank Owned Homes for Sale since May of 2007

Friday, July 27th, 2012 at 2:35pm. 3404 Views, 5 Comments.

AB 284 Creates Chaos for Real Estate Related Services in Las Vegas.

Wow! Just realized that it's been quite some time since posting some relevant information about Las Vegas real estate on this blog. Not because I'm not interested in providing information to Las Vegas Home sellers and buyers from somebody that actually practices Las Vegas real estate, but because I've been so busy with clients dealing with what's been going on with the current Las Vegas real estate market conditions.

"Blog". A web log of current events taking place. Let's catch up with what's been going on with current Las Vegas Real Estate conditions ending the week of July 27th, 2012.

What is AB 284 and what does it have to do with Las Vegas Real Estate?

Good question and you can do all of…


New Nevada Law Puts Brakes on Foreclosure Notices Filed in Las Vegas

Thursday, November 17th, 2011 at 10:43am. 1315 Views, 4 Comments.

Effects of Assembly Bill 284 Now Evident

Well... it's been over a month since AB 284 went into effect and the numbers are out. Check out the updated chart showing the big drop in Notices of Defaults filed in Las Vegas for October of 2011. 

Notice of Defaults filed in Las Vegas drops significantly due to AB 284 going into effect

What is AB 284?

The simplest article I've read explaining it can be found here.

Besides the basic new requirements, take note of the following statement:

"Failure to comply is subject to a civil penalty, and the penalty to make false representations concerning property title was increased from a gross misdemeanor to a category C felony."

That should certainly make Robo Signers think twice such as the ones that were recently indicted in Nevada for 606 counts of Robo Signing.

What does it mean for the big picture for Las Vegas…


Notice of Defaults in Las Vegas jump over 43% in August of 2011

Wednesday, September 14th, 2011 at 7:56am. 1016 Views, 1 Comments.

Notice of Defaults in Las Vegas Jump 43.45% in August compared to July of 2011

According to ForeclosureRadar, the number of Notice of Defaults filed in Las Vegas took a sudden jump to 3,589 Notice of Defaults filed compared to 2,502 Notices of Defaults filed in July of 2011 but was a 13.83% decline compared to August of 2010 when 4,165 Notices of Defaults were filed.

In Nevada, the Notice of Default is the first step in the legal process for the lender to take real estate back. (Plenty of time for Las Vegas homeowners to pursue a Las Vegas short sale.)

 

Graph of Foreclosure Filings in Las Vegas,NV
Las Vegas,NV - Real Estate

 

Notice of Trustee Sale Notifications Decline 44.42% in August of 2011 compared to August of 2010

The next step of the Foreclosure process in Nevada, the Notice of Trustee Sale,…


Las Vegas Area Bank Owned Homes and Bank Owned Condominiums For Sale Trending Up

Thursday, July 29th, 2010 at 12:30pm. 895 Views, 2 Comments.

Las Vegas Area Bank Owned Properties Inventory Going Back Up

Las Vegas Bank Owned Homes for SaleJuly 29 Inventory Report for Bank Owned Properties Shows Increase in Availability

Now that the First Time Homebuyers Tax Credit has expired and some certain Loan Servicers have gotten serious about Foreclosing on Las Vegas Home Owners, it appears that the inventory of Las Vegas Bank Owned Homes is trending back up in comparison to an Las Vegas REO Inventory Report Provided on April 14th, 2010.

Currently Listed as Bank Owned Homes available on the Las Vegas Multiple Listing Service:

07/29/2010 - 2,741 Las Vegas Bank Owned Homes for Sale. Includes Henderson Nevada Bank Owned Homes and North Las Vegas REO properties. Broken down by Property Type:

  • 1,976 Single Family Homes
  • 450 Condominiums
  • 203 Townhomes
  • 74…


Summerlin, Las Vegas Luxury Estate reduced over $5 Million

Monday, July 19th, 2010 at 11:22pm. 945 Views, 0 Comments.

Bank Owned Summerlin Estate in Las Vegas Reduced in Price by over $5,000,000.

Located in Tournament Hills Country Club in Summerlin, the former home of the CEO of the Dot.com busted Las Vegas based Purchase Pro has been reduced in price again to $3,950,000 that you can take a look at here:

Luxury Summerlin Homes for Sale

Bank Central & Trust Co. has owned this home since 05/04/2006 and was originally asking $9,200,000. Situated on over 1 acre, this 10,692 square foot home features Golf Course Frontage on the 4th hole of Tournament Players Club (TPC) Summerlin, Strip Views, Two Gyms and Seven Bedrooms.

(Membership in TPC Summerlin is not Automatically Included with a purchase of a home in Tournament Players Club.)

Currently, Annual Property Taxes are listed at…


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…


Las Vegas Bank Owned Homes Report - Over 70% of all Las Vegas Sales YTD are Bank Owned Properties

Sunday, November 1st, 2009 at 11:42am. 1827 Views, 1 Comments.

Las Vegas Bank Owned Homes for sale Report

Our latest check for Las Vegas Bank Owned Properties for Sale on the Las Vegas Multiple Listing Service (MLS) has shown a pretty significant drop from the beginning of 2009.

  • 01/20/2009 = 7,750 Bank Owned Properties for sale
  • 10/31/2009 = 2,037 Bank Owned Properties for Sale

Las Vegas Bank Owned Homes for Sale Report since 05/14/2007

A pretty significant drop of what there is to choose from out there.

Total Closings Year to Date:

  • 38,058 - All Closings year to date on the Las Vegas MLS.
  • 28,320 - Bank Owned Properties that have sold YTD on the Las Vegas MLS

These are all properties for areas 101 through 606 and includes the following types of properties: Single Family Homes, Condominiums, Townhomes, Manufactured Homes and…