Homeowners who sold their home as a short sale and their REALTORS® sighed in relief today as the U.S. Senate followed the U.S. House of Representatives meaning Congress finally approved an extension… read more →
Beginning August 16th, 2014 those who want to utilize a “conventional loan” to purchase a new home after previously selling a home on a short sale will face a longer… read more →
There has been a lot of public discussion whether the new Homeowners Bill of Rights (Nevada Law SB321) will open up short sale transactions that are not considered “arms-length transactions”.… read more →
Las Vegas, NV – February 5, 2013 – Shelter Realty Shelter Realty’s top producing short sale listing agent recently added the CDPE (Certified Distressed Property Expert) designation to his license… read more →
Bank of America came out with a few changes to their short sale programs today. Check back to our Las Vegas Real Estate Blog as more changes from Bank of… read more →
Bank of America today is offering anywhere from $5,000 to $30,000 for “enhanced relocation assistance” to homeowners that qualify. I will get into some of the details in a moment.… read more →
The green light may turn red at on December 31st 2012 for sellers of their personal residences who may want to do a short sale in Las Vegas. The Mortgage… read more →
Chase Bank is paying up to $30,000 as an incentive for borrowers to do a short sale. This program has not been well promoted by Chase. In fact, the only… read more →
Once a property is sold at foreclosure or when the property is sold as a short sale, there will be a remaining deficit of what is owed to the lenders… read more →
You’ve come to the realization that you owe more on your Las Vegas house than it’s worth, so now what? You don’t want to foreclose (when the bank repossesses your… read more →
The Nevada Legislature has taken steps against homeowners who deliberately damage their home prior to vacating the property during the period when the property is in default by criminalizing such… read more →
Given that a large percentage of Las Vegas home sales (almost 22%) are short sales, I’d like to go over the Las Vegas short sale process. In some ways, a… read more →
Las Vegas real estate agents have long been frustrated when a buyer walks during the short sale processing period and then have to start the process all over again, even… read more →
Even the wealthy are considering strategic defaults on their million dollar mansions in Las Vegas.
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.