Foreclosures

April 15, 2012

FEWER HOMES FOR SALE IN LAS VEGAS,DROPPING TO 4,901 IN MARCH, ABOUT A 6 WEEK SUPPLY

The total homes listed for sale in Henderson MLS and Vegas MLS fell to 18,200 in March, down 18
percent from 22,184 a year ago, when there were 11,334 available without offers.

That means homes under contract grew only slightly, from about 11,000 to 13,000 in …

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April 14, 2012

NEVADA FORECLOSURES DROP 62 PERCENT AS U.S. FORECLOSURE ACTIVITY RISES

More U.S. homes are entering the foreclosure process
setting the stage for a surge in repossessions by lenders
this year.

The number of homes that received notices of default
rose 7 percent in March from the previous month. That
marks the third consecutive monthly increase this year
and reflects …

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March 21, 2012

THE FEDERAL RESERVE ON MONDAY SAIDTHAT IT PLANS TO FINE 8 ADDITIONAL U.S. BANK HOLDING COMPANIES FOR IMPROPERLY FORECLOSING ON HOMEOWNERS

The financial firms - Everbank, Goldman Sachs, HSBC Holdings, PNC Group, MetLife, OneWest
Bank
, Sun Trust Banks, and U.S. Bancorp - were not part of last months settlement over alleged
foreclosure abuses.

A senior associate director at the Federal Reserve called the fines "appropriate" but declined to offer
more details about …

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March 15, 2012

HENDERSON AND LAS VEGAS NEW HOME SALES UP IN FEBRUARY

Low inventory of existing homes said to factor in increase. Las Vegas and Henderson is undergoing
a temporary surge due to low inventory of existing homes and the poor condition of foreclosed homes.

Home Builders Research reported 310 new home sales in February, a 31% increase from 237 a year …

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March 13, 2012

$25 BILLION MORTGAGE SETTLEMENT FILED IN FEDERAL COURT BY GOVERNMENT

Putting an official stamp on the landmark agreement with the five largest mortgage lenders over the alleged
foreclosure abuses.

The court papers offered few new details on the deal between the Federal government, 49 states, Bank of America, Wells Fargo, Chase, CitiGroup, and Ally Financial.

The banks will pay roughly …

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Posted in Foreclosures
March 10, 2012

LAS VEGAS EXPERIENCES A SHORTAGE OF HOMES

ROUGHLY ONLY ONE MONTH'S SUPPLY OF AVAILABLE PROPERTIES AT CURRENT SALES LEVELS

Anything in the range of $80,000 to $125,000 is snapped up with multiple offers, said a local Realtor.

Listings for real-estate or bank-owned homes decreased, to 1,437 in March, down 40% from 2,643 …

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March 9, 2012

HENDERSON AND LAS VEGAS CONDOS UNDER $80,000 GOING LIKE HOTCAKES

CONDO AND TOWNHOME MARKET IN HENDERSON AND LAS VEGAS IS HOT RIGHT NOW!

Sales of single-family homes in Las Vegas and their median price increased in February from the previous
month, while the inventory of available homes for sale decreased and continued to decline according to the Las Vegas Association of …

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March 4, 2012

EXISTING HOME SALES RISE 13 PERCENT NATIONWIDE

LAS VEGAS SALES RISE 10.9 PERCENT IN JANUARY WITH OVER 58,000 IN 2011

Nationwide, existing home sales are at their highest level since May 2010. More first time buyers are making
purchases. The supply of homes last month fell to it's lowest point in 7 years which …

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Feb. 28, 2012

A FIRST TIME AND MUCH NEEDED SHORT SALE AND FORECLOSURE COMPARISON --

SHORT SALES BRING IN 24% GREATER RETURNS THAN FORECLOSURES

The real estate pros at New England based McGeough Lanacchia Realty have been proponents of Short Sales for quite some time, insisting that everyone gains when a Short Sale is achieved as opposed to a foreclosure.

 On average, a home …

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Feb. 23, 2012

SHORT SELLERS VS THE IRS - MORTGAGE RELIEF FACES A TAXING NIGHTMARE

THE CLOCK IS RUNNING OUT FOR THE MORTAGAGE DEBT FORGIVENESS ACT!

Given the huge public and private resources now being devoted to helping financially distressed homeowners,including the recently announced $25 billion settlement from the 5 largest banks, you might assume that a key Federal tax law benefit underpinning these efforts …

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