Home Buying in Las Vegas>Question Details

prettytin10, Home Buyer in Las Vegas, NV

Need a Loan or OWC...Please help and advice.

Asked by prettytin10, Las Vegas, NV Tue Apr 2, 2013

We are planning to buy a house in Northwest Las Vegas, but my husband's credit score is low, but he has a steady job in San Francisco for almost 10 yrs now. He has no bankruptcy or whatsoever. We just need some loan or OWC that can fulfill our dreams to have a house here. Please help and advice. Thanks

Help the community by answering this question:


Rena Levy’s answer
Hi Prettyin10,

You can click on the link for OWC properties in the North West.

Please call me to discuss financing and obtaining a mortgage.

Rena Levy
Certified International Property Specialist
702-612-7099 Cell
Web Reference: http://www.cvegashomes.com
0 votes Thank Flag Link Wed Apr 3, 2013
Most properties you see on the market that are available for "owner carry" do not have have a mortgage on them. Most were purchased by an investor for cash and fixed it up to make a profit. This means there is a high probability that you will be paying over market price to get one. If you have a significant other participating in this decision, now would be the time to have this discussion as we charge a non-refundable $1000 fee to handle your escrow once all parties have accepted the terms.
What does the process for purchasing an owner carry house look like?
You must prove that you have a down payment before an agent drives around to show you properties. A snap shot of your bank account (minus account numbers) or a statement from your banking officer will work just fine. Got cash? No worries. Take a snap shot of all those Benjamins next to a newspaper. Don't laugh. Happens frequently.
One of our agents will show you houses that fit your financial profile. Keep in mind there are about 130 available in Las Vegas and probably about 4 that fit your financial profile. If those 4 don't work, you will just have to keep waiting.
IF you find the house you like and IF the seller doesn't have a better offer and IF you make a decent offer price, we will go to the next step of haggling over financial terms.
Once all terms are hammered out verbally, we get down to business of putting this down in writing and opening escrow. Your 20% down will be held in escrow with a title company until the property closes. If the property fails inspection or the property falls out of escrow, you will get your money back. We will retain $500 of your initial fee as this effort is a lot of work.
Escrow generally takes about 3 weeks. Once the property closes, you will be making payments to a servicing company who records your payments and then disburses the money to the owner.
At the end of your financial agreement, you will either have clear title OR secure another mortgage to pay off the "balloon" to the owner.

We can do this for you. Check out my website
David Cooper 702.499.7037
1 vote Thank Flag Link Tue Apr 2, 2013
Got some interesting OWC situations in NorthWest. Would you like to see something? David Cooper 702.499.7037 Investing in Las Vegas since 1994 http://www.lasvegaswinner.org
0 votes Thank Flag Link Thu Apr 11, 2013
Have you talked to a loan officer? That should be your first step. If you want you can email me directly and I would be happy to send you the contact info to the lenders we work with.

Best Regards,
Robert Adams
The Adams Team at
Rothwell Gornt Companies
0 votes Thank Flag Link Thu Apr 11, 2013
Search FREE 154 OWC Homes in Las Vegas the CALL I Find Properties Specialist DRU at 702.324.9734

David Cooper 35 years investing experience 702.499.7037
0 votes Thank Flag Link Wed Apr 3, 2013
I can help you with either but I do have over 43 OWC homes on the market right now. Please call me in the morning after 8am and I can go over all the different options and offers on the market right now. My wife and I specialize in OWC and would love to help you find just the right home. Thanks, Matt & Kim - 702.501.0973
0 votes Thank Flag Link Tue Apr 2, 2013

There are plenty of OWC homes for sale..
However,...they do incur certain risks that should be discussed ahead of time.

Also,....I have some excellent preferred lenders I work with who may be able to help you with your situation.

Information is the key for both scenarios....

Please call me when you have a moment and I would be happy to discuss the options...

Contact info is below....

Hank Lauzon III

Exit Las Vegas Realty Center
6600 W. Charleston #119
Las Vegas, Nv 89146

Cell 702-449-0899
Office 702-949-2409
Fax 702-543-6844

Web : http://www.HanksLVRealestate.com

Email: HankLVRealestate@aol.com

Never look down on anybody...unless you're helping them up.
0 votes Thank Flag Link Tue Apr 2, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer