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News, Reports and Advice Regarding Foreclosures in Las Vegas.
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Las Vegas: Still a Place to Get Great Deals on Foreclosures
According to CNN Money, many investors are pulling out of once highly desirable cities like Phoenix and our own Las Vegas for less competitive and cheaper locales. What this means for the smart investor is to diversify and go to … Continue reading
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Foreclosures May be on the Rise
With the Mortgage Forgiveness Debt Relief Act expiring, the likelihood of banks foreclosing on properties has increased meaning foreclosures may be on the rise in 2014. Throughout 2012 and into 2013, short sales steadily declined –which was in part due … Continue reading
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Tagged buy Las Vegas foreclosures, foreclosures in Las Vegas, foreclosures on the rise, Las Vegas foreclosure
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States May Start Fast Tracking Foreclosures
Even though the foreclosure market in Las Vegas and Henderson has dropped significantly, there are still homes: vacant and occupied that needs to move through the process. Here in Nevada foreclosures can happen faster than in other states but there … Continue reading
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Las Vegas Foreclosure Inventory Down
Foreclosure inventory in Las Vegas and Nevada as a whole is down. As of January Nevada was in the middle of the rankings compared to the rest of the 50 states. Accordingly, this means that the housing market seems to … Continue reading
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Nevada Maintains Second Highest In Foreclosures
A plan was introduced to North Las Vegas city council members to use eminent domain to seize underwater mortgages and foreclosures. This was an attempt to boost the city’s housing market. This proposal had never been tried in the U.S. so council members were skeptical but agreed to learn more about it. Continue reading to review the full story. Continue reading
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Mortgage Defaults on the Rise Setting an Alarm Trend
In the fourth quarter of 2011, mortgage defaults in America have significantly increased sending an alarm trend throughout the nation. Check out this article we found explaining this serious situation. Continue reading
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Tight Supply Limits Sales of High-Rise Condos in Las Vegas
As posted by the Las Vegas review journal in November of 2012, the sales of high rise condos declined significantly in the third quarter due to low supply. Continue reading below the posted story. Continue reading
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57,000 U.S. Foreclosures Completed in September, 2012
In September of 2012 the number of foreclosures in the U.S. was down from 83,000 in September 2011 to 57,000. Complete foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis in 2008 there has been 3.9 million completed foreclosures in the U.S. Continue reading
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Foreclosure Decline Causes Inventory to Stay Flat
The number of foreclosures in the U.S. per month decreased from 83,000 in September 2011 to 57,000 in September 2012. This signifies improvement in the housing market, but there is still a long way to go before we have completed recovered from the housing meltdown in 2008. Before September of 2008 the number of foreclosures in the U.S. per month was 21,000. Continue reading
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The Myth of Common Sense
Common sense should not influence your business decisions. People may doubt a business decision because they are trying to use, “Common Sense,” but that could be a huge mistake. In the business industry all ideas are relative. Meaning every manner of thinking has strong points and weak points and that nothing is set in stone. Continue reading
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