If your Las Vegas property is secured by a VA loan with a mortgage balance that is higher than the appraised value, and you need to sell, then you may be eligible for a special program called a VA Compromise Sale.
Financing a property with no down payment is still possible for Las Vegas buyers who are eligible for a VA Mortgage Loan.
The good news is that according to recent changes in FHA Financing Guidelines as of March, 2011, Las Vegas home buyers who are as little as one day out of a short sale on a previous property may qualify for a new mortgage.
Shelter Realty’s short sale division successfully closed a listing in the high-end condo development, Turnberry Towers located in Las Vegas, Nevada. We negotiated a full liability release on the sellers’ mortgage obligation. Sellers who may be stuck upside down in these condo projects should be heartened to know that there may be alternatives to foreclosure.…
Shelter Realty closed another short sale listing last week, its 17th in a row with full liability release for our clients. In this case the subject property was also an investment, high-rise condo property. Contrary to myths about short sales that exist, investment properties may also be sold as a short sale. Ultimately, the mortgage…
Many media outlets such as The Wall Street Journal and Bloomberg are reporting that the Obama administration is considering plans to get the government out of the mortgage business and are submitting different plans “to bring a controlled end” to the government sponsored enterprises (GSE’s). In other words, their going to pull the plug on…
Savvy listing agents know that pricing the home is not simply a matter of maximizing the amount a buyer is willing to pay for a home. This may sound counter-intuitive to the average person. After all, doesn’t offering the bank the most amount of money, give you a better chance for an approval? Not necessarily.…
It is my opinion that a Las Vegas Property Manager should inspect a residential rental property inside and out at least two times a year. I can’t tell you how many times I have been contacted by a landlord who has recently fired his property manager due to the damage caused by the tenant which…
In 2010, the government rolled out a supplemental program to Home Affordable Modification Program called HAFA. HAFA stands for Home Affordable Foreclosure Alternatives. This program was specifically designed to facilitate short sales and “Deed-in-lieu” of foreclosures. From the very beginning there was strong skepticism from real estate professionals who specialized in selling distressed properties about…
Las Vegas developed into a prime real estate investment attraction primarily due to four things: Ample employment opportunities, and a surging population gave rise to suburban development projects such as the award-winning 39-square-mile master-planned community of Summerlin, at the edge of the Spring Mountains and only a short drive from downtown Las Vegas. The sudden…
Since mortgage rates can change several times a day, the following questions will help determine whether or not your lender truly knows what to look for so that they can provide you with the best rate once you’re in a position of locking in your loan:
A mortgage is generally the largest debt most homeowners have to manage. It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year.
