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Foreclosure in Henderson : Real Estate Advice

  • All497
  • Local Info38
  • Home Buying164
  • Home Selling10
  • Market Conditions21

Activity 66
Thu Apr 27, 2017
R.holstens asked:
Tue Apr 18, 2017
Hank Lauzon answered:
Good Morning,..

I can help you find Foreclosure Properties or any other Homes that you might be interested in.

Feel free to contact me when you have a moment and I will set you up on my website where you can create your own "Custom Home Search" with updated listing information.

This is complimentary and will cost you nothing.

I am a "Full Time Realtor" and can answer any questions that you may have about the "Home Buying Process"...!!!
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Thu Apr 28, 2016
sam may asked:
Wed Feb 24, 2016
Fernando Melendez answered:
Hello, I am not able to see the address of the house that you are inquiring, if you are able to pay cash you have a better chance of getting it, if you send me the address I will send you all information available !

Thanks
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Sun Apr 26, 2015
mmartella asked:
Sun Apr 26, 2015
mmartella asked:
Mon Feb 23, 2015
answered:
Hi Emily,

I see that no one has replied to your question.

While have never been foreclosed on, I am a local property manager in Las Vegas NV.

I would not be legally able to provide you with a list of tenants that have been foreclosed on. It would breach our confidentiality agreement with our tenants.

What I can tell you is that I have many family that currently live in one of my personal investment properties and or ones that we manage.

If I can assist you with your story feel free to let me know.

Thanks

Becky Cordova
702-612-1584
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0 votes 1 answer Share Flag
Wed Feb 18, 2015
answered:
Yes they can.

They can also get a judgment and attach wages even though you're in Canada.

The name of our company is CanAm Real Estate Services. We focus and specialize on locating, selling and managing US investments within Texas, California and Nevada for Canadians.

We have an on staff attorney who is familiar with cross border accounting. We work closely with Revenue Canada and keep up to date on the new tax laws that affect both countries.

If you would like to discuss further feel free to contact me at your leisure and I will be more than happy to take the time to discuss. Due to the complexity of your issue it may be a lengthy phone call so you may want to shoot me an email and give me three dates and times that work best for you.
No charge of course. If we can help you we will.

Thanks and I hope this helps. My email is becky@canamrealestateservices.com

Respectfully,

Becky Cordova
CanAm Real Estate Services LLC
CanAm Property Management LLC
www.canamrealestateservices.com
www.canamreservices.com
702-897-9553 office
702-361-1289 fax
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0 votes 5 answers Share Flag
Mon Sep 29, 2014
Irina Karan answered:
Yes. However, auctions usually require 5% buyer's premium and other fees (reed the small print).
Make sure not to get to excited and not to overpay - many people do, and they later can not get a mortgage due to purchase price being too high...The contract you have during foreclosure or auction is much stricter and protects the seller, so buyer beware!

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
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0 votes 6 answers Share Flag
Tue Sep 16, 2014
Robert Adams answered:
Please contact me. I used to live on Cerchio Basso for 5 years and I am very that neighborhood as well as the entire LLV area.

You can find some great deals in LLV since that area has not fully recovered. You do need to be aware of the multiple HOA fees as well as potential SIDs/LIDs.

Are you looking for a primary home? Second home? Or investment property?

Please feel free to contact me directly to discuss further.



Best Regards,
Robert Adams
Licensed Real Estate Broker NV#62827 MA#9530304 RI#18138

NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com


MA & RI Broker at Sankey Real Estate
C: 508-250-0345
O: 508-543-8060
F: 508-643-1515
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com

RobertAdams@RIrealestateHELP.com
http://www.RIrealestateHELP.com
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Sun Jul 13, 2014
Suzanne MacDowell answered:
Probably not. I am not familiar with Nevada Landlord Tenant Law but in New Jersey an owner has the right to rent the home as long as they actually own it. Many people are under the misconception that rental income goes to the bank, it does not, not until the bank actually takes back ownership. Also, the owners may be seeking a mortgage modification, or they may have obtained a modification and the pre foreclosure listing has not been pulled down when it should have been. Don't jump to conclusions. Find out the facts. ... more
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Sun Apr 20, 2014
Marjorie Walsh answered:
Hi David, I am the agent, Marjorie Walsh, that has the listing on 13 Mesquite Village Circle henderson, NV. It has been on the market for only 1 month and is for sale. The property is listed at $279,900. It is in the green Valley ranch subdivision in Henderson. please reach out if I can offer any more information on this or another property thanks. ... more
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Wed Nov 13, 2013
Beth A.Mitro answered:
Yess Mate... I'm your lady! A big fan of GBR... I have lots of silly stories to tell about my travels. Would love to hear anything about Australia native roundabouts.
0 votes 6 answers Share Flag
Sat Oct 19, 2013
Diann Tonnesen answered:
Hi JH,

Be careful using appreciation statistics by zip code as the only measure of an area's vitality or lack thereof. One large project that goes bust or boom can have an impact way out of proportion to what is actually happening. For example, in 2012 Lake Las Vegas had several large condo projects that were purchased by bulk sale direct from the lenders. That negatively affected the appreciation statistics for Lake Las Vegas as a whole in 2012.

I think the thing that has hurt Lake Las Vegas the most right from the beginning are the high association fees on top of the SID fees. Many subdivisions have as many as three separate HOA fees. Take, for example, V at Lake Las Vegas. It is a lovely community with spectacular views and great floor plans. But the combined monthly fees are almost $800 per month. Outside of being located in Lake Las Vegas, the only extra amenities are the community club house and pool. You could own a home in Anthem Country Club, and for just $100 more in monthly fees and have a full golf membership, state of the art fitness center, pool, stadium tennis courts, gourmet restaurant, etc.

That being said, we are seeing that as the market recovers, business in Lake Las Vegas is also picking up nicely as well. The project is under new ownership. There are more pedestrians in the village and more special events are being planned. There are currently plans underway to turn the Falls golf course (to the left of Lake Las Vegas Parkway as you are entering) into a public park and the clubhouse into a community center. Celebrity residents like Celine Dion are starting to spend more of their time in Lake Las Vegas and turn their vacation homes into primary residences. Those are indicators that it will come back strong over the next couple of years.

However, if you want alternative suggestions on other areas to purchase, I would need to know more about what you find the most appealing in the Lake Las Vegas lifestyle. Golf? Casinos? Spas? Marina?

If you want to view current Lake Las Vegas listings, including foreclosures and auction properties, go to: http://www.GreatLasVegasHomes.com/idx/. Choose "Lake Las Vegas" under the development name drop down, and you can search for homes, town homes or condos and even vacant lots. These listings are updated every morning so you don't spend hours viewing properties that are already under contract or even sold.

Hope this helps!

Diann Tonnesen
Prudential Americana Group Realtors
sold@GreatLasVegasHomes.com
702-985-7654

The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
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Thu Oct 3, 2013
Andrew Dionne answered:
Hi Phyllis,

Have you thought about purchasing at auction? I have a network of associates within the auction buying core of Las Vegas that have been completing auction sales for more than 15 years (including a statistician!). When you purchase at auction you immediate take title as the new owner and have the ability to either occupy the property or begin generating income.

As with all things unique, there are considerations and nuances. You'll want an experienced team to work with and that's exactly what I have!

Please contact me to discuss at length.

Andrew Dionne
Realtor
(702) 979-3315
AFownership@gmail.com

Barrett & Co., Inc
2885 S Jones Blvd
Las Vegas, NV 89146

Barrett & Co. have been providing exceptional service in Las Vegas since 1959!
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0 votes 4 answers Share Flag
Tue Sep 24, 2013
Robert Adams answered:
If you send me info regarding the type of home you are looking for I would be happy to assist you with find a home to purchase. The easiest way to get this info to me is to fill out our "Buyer's Form on our website here: http://lvrealestatehelp.weebly.com/buying-real-estate.html




Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
... more
0 votes 5 answers Share Flag
Wed Apr 10, 2013
Alison Hillman answered:
Hi there-

You can get in touch with local brokers here: http://www.trulia.com/voices/directory/Lake_Las_Vegas-mortgage_broker_or_lender--85011

Ali, Community manager
0 votes 1 answer Share Flag
Thu Nov 1, 2012
Robert Adams answered:
What does the CMA for the property come in at?

Has the property value gone up since you put in your original offer?

Did you accept their counter?


Best Regards,
Robert Adams

Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
... more
0 votes 7 answers Share Flag
Sat Sep 15, 2012
Fred Yancy answered:
Qualifications for a Short Sale

Before you eagerly climb aboard the short sale bandwagon, consider the following to determine whether you may qualify for a short sale. If you cannot answer yes to all four requirements, you may not qualify for a short sale.
â– The Home's Market Value Has Dropped.
Hard comparable sales must substantiate that the home is worth less than the unpaid balance due the lender. This unpaid balance may include a prepayment penalty.

â– The Mortgage is in or Near Default Status.
It used to be that lenders would not consider a short sale if the payments were current, but that is no longer the case. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems at the pass.

â– The Seller Has Fallen on Hard Times.
The seller must submit a letter of hardship that explains why the seller can not pay the difference due upon sale, including why the seller has or will stop making the monthly payments.

Short Sale Consequences

A short sale is dependent on a buyer making an offer to purchase. If you do not receive an offer, you will not qualify for a short sale. So even if you meet all the other criteria, it is possible that no one will buy the short sale. It is also dependent on the lender accepting the buyer's offer. If the lender rejects the offer, a short sale will not take place.
â– Tax Consequences
If the lender agrees to the short sale, the lender may possess the right to issue you a 1099 for the shorted difference, due to a provision in the IRS code about debt forgiveness. Many situations are exempt from debt forgiveness, according to the Mortgage Forgiveness Debt Relief Act of 2007.

You should speak to a real estate lawyer and a tax accountant to determine the amount of short sale tax consequences, and whether you can afford to pay those taxes, if any.

â– Blemished Credit Report
While a short sale will not show up on your credit report, the loan status will. For those in default, it's a pre-foreclosure that has been redeemed, which is often reported as Paid in Full for Less Than Agreed. Short sales affect credit ratings. While the damage to your credit report may not seem as significantly bad as a foreclosure to you, creditors may not make the distinction.

Anyone shortselling their home can apply for HAFA but there is no guarantee that you will be approved for HAFA. You can shortsale your property without being approved for HAFA. Since you are not making your mortgage payments, save every dime you can so that you can pay to move and get into a rental.

Always seek legal counsel before attempting to pursue a short sale. A real estate agent cannot give you legal advice.
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