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Day: April 3, 2009

Renting A Home Or Condo In Henderson, Nevada

If you are thinking about moving to the Henderson, Nevada area, you will discover that this area has a lot to offer its residents. Whether you are thinking about renting a home or condo, you are sure to find many excellent and suitable options for you and your family. Henderson boasts many great attractions and amenities that make it a great location to relocate.

Whether you are interested in Green Valley, Anthem, Seven Hills or any other part of Henderson, we are sure you will be able to find a home to rent suitable to your needs.  No matter where you decide to rent a home or condo in the City of Henderson, you won’t be to far from a Park.  If you enjoy biking or running, just find one of the many paths throughout the City of Henderson.  Also spread out throughout Henderson are recreational centers that offer indoor and outdoor swimming, basketball courts, exercise rooms and other activities.

For those who enjoy shopping and fine dining, you can choose to shop outdoors at The District at Green Valley Ranch or visit the local mall, The Galleria at Sunset.  There are several fine restaurants to choose from at Sunset Station, Green Valley Ranch and the newest Hotel and Casino to open in Henderson, “The M Resort” located on St. Rose Pkwy and Las Vegas Boulevard.

If you need any assistance in locating a home for rent in Henderson or Las Vegas, don’t hesitate to contact us today at 702.376.7379 or complete our contact form.

Las Vegas Short Sale Update: Should I Pay My HOA Fees?

As a busy short sale listing agent here in Las Vegas, I am asked this question all the time by prospective sellers. Legitimate sellers in a short sale are usually in a serious financial bind, but I do recommend that they keep their home owner association (HOA) dues current whenever possible.

One key to getting a short sale to close successfully is to limit the number of liens that will be recorded against the property.

Sellers already have at least one mortgage to clear, many have two. Having to extra liens is time consuming and can endanger the viability of a short sale.

Remember the order of priority when it comes to liens on a property; HOA’s, Taxes, 1st mortgage, 2nd mortgage holder, and any judgments for additional debt placed against the property. While this is the pecking order, remember that ALL must be cleared in order to transfer the property to a buyer. The 1st mortgage will get the lion’s share of the proceeds, but even their portion is a negotiated settlement. Junior liens further down the chain generally receive even worse settlements, but an HOA and the government will get exactly what is owed to them.

If a lien is placed on the property for HOA dues and fines unpaid, the listing agent will be forced to try and clear yet another lien, and usually has to deal with collection agencies to do it. I am sure all of you are aware of what it is like to deal with that lot. For most people the HOA is a relatively small cost and letting it spiral out of control into a large debt is often unnecessary and can threaten your short sale’s ability to close.

If you have a condo or something similar with very high fees, then you’ll just have to make the call whether or not you feel it is worth it to keep them current, but the majority of sellers should not let them lapse, considering their cost is usually modest.