Lee - Great question! When someone is losing there home - the first thing they stop paying is the association fees. In Nevada a bank that is foreclosing is responsible for up to 6 months of back association fees. When I write an offer for a Buyer I make it contingent upon the Buyer have the right to review the financials of the Association(s). I just sold a unit in Mantova and the financials were solid. It is looking like the wave of foreclosures in that project have already done their harm.

The Village is still having a tough time. The demographics for it to thrive was 4,500 residents to support, so far the resort only has sold 2,600 homes, condos and lots. It will be a while until the Village is strong, but this too will pass. Smith is building a grocery store just outside the resort, CVS Pharmacy just opened so the big retailers see growth coming and I do too. Overall it has never been a better time to buy property in Lake Las Vegas, I welcome your questions and glad to help in anyway I can.

Good morning Lee,

Yes, the shopping area near the casino is still in business. There are a couple of vacancies, but a lot of people from the valley and LLV still enjoy strolling through, shopping and dining... me being one of those people.

The maintenance fees are paid current at the close of escrow by the bank/owner.

Prices and interest rates are so low that the units are beginning to attract investors and people who just want a second home in Las Vegas. We've actually been thinking about buying a condo in Henderson for our out-of-town family and friends who visit frequently.

Hope this information helps you,

Brenda Caruso