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Foreclosure in Las Vegas : Real Estate Advice

  • All707
  • Local Info69
  • Home Buying304
  • Home Selling35
  • Market Conditions35

Activity 34
Tue Feb 12, 2013
Nadia Lewis answered:

You have options: I can Help. I have Buyers/Investors ready to buy in your area.

If you are someone you know is facing financial hardship, owes more than their home is worth, and needs to sell, please have them call me 702.219.6884 We have experience and success working with almost EVERY lender including Bank of America, Chase, CitiMortgage, SunTrust, BB&T, Regions, RBC, Wells Fargo, GMAC, and more.

Please send your Address to your home to, I will do a free market analysis on your property to help you get your home sold fast.

Keller Williams Southern Nevada
Nadia Lewis
2900 W Horizon Ridge Pkwy Ste 101
Henderson Nevada 89052
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0 votes 3 answers Share Flag
Mon Nov 26, 2012
Anna M Brocco answered:
You really should be consulting with an attorney; don't just rely on online information...
0 votes 4 answers Share Flag
Sun May 11, 2014
Myra Gouger answered:
Yes the sale was legal. You also have no recourse to sue anyone. The investment company is the real owner now.
0 votes 11 answers Share Flag
Thu Nov 15, 2012
David Cooper answered:
Anything attached belongs to the house. Could open you up to serious legal problems

David Cooper Investor 702-499-7037
0 votes 7 answers Share Flag
Mon May 14, 2012
Michael Cheng answered:
An HOA can place a lien on the property which gives them priority during a foreclosure.
0 votes 4 answers Share Flag
Mon Mar 5, 2012
Matthew D'Ercole answered:
There is none, but we have the knowledge and experience to give you what ever information you need to purchase investment properties. We are a property management company with over 350 homes/condos under managment for our investors. My wife and I have lived in Vegas since 76. We specialize working with buyers. If you would like to work with us, please call. Matt and Kim D'Ercole

Matthew D’Ercole
One Source Realty and Management
Cell - 702.501.0973
Website -
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0 votes 9 answers Share Flag
Mon Jan 30, 2012
Mark Fleysher answered:
Ouch.... you should have paid your HOA dues. If you did pay your HOA dues, contact an attorney. Either way, contact an attorney, but if they've already sold... that means they should have given you fair warning. ... more
0 votes 34 answers Share Flag
Thu Nov 15, 2012
James Gordon ABR SFR SRS answered:
Douglas it is not hard. 2 years employment, decent credit score, 2 years tax returns and you will be approved based on the income that you reported to the IRS.
0 votes 16 answers Share Flag
Tue Jan 25, 2011
Brian Mannasmith answered:
Hi Falcon,

Mediation was put into place by the State of Nevada to ensure a dialogue would happen between the lenders and the borrower, as it relates to the discussion of foreclosure alternatives.

If you have had trouble contacting your lender and discussing your options this will be a good opportunity for you to do so. If you have spoken with your lender and all the options were explained to you and/or a loan modification was proposed to you, but you were not happy with the answer, you may just be wasting your time and money. I wouldn't expect different results in Mediation than you received in dealing with the lender yourself on the phone.

I hope this helps.

Please feel free to contact me with any questions.

Brian Mannasmith
Coldwell Banker Wardley RE
7670 W Lake Mead Blvd. #100
Las Vegas, NV 89128
702-256-3088 fax
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0 votes 3 answers Share Flag
Thu Jan 20, 2011
Len McGuirk answered:
Hi Greensteve,

Feel free to contact me to discuss making an offer on a lot located on the Strip. I would be happy to check into it for you and find out more details. This way you will know what you are getting involved in. If the property is on the market, there should be no problem making an offer on the property. I can definitely help you with that. Hope to hear from you!

Len McGuirk
Prudential Americana Group, Realtors
Cell: (702) 203-6688
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0 votes 3 answers Share Flag
Fri Oct 15, 2010
Valerie Edwards answered:
If you are looking to purchase a home in order to rent the home you should talk with your agent about what the homes in the area rent for. The MLS can search for rentals in the area. It can provide you with information regarding current listings, and any that rented in the last six months. You need to know what the homes rented for and not necessarily what they were listed at. Also, you should know how long they were on the market before they were rented.

If you are looking to purchase a home but want to know what the percentage of homes are in the area that are rented, again your agent can tell you an average. Not ALL homes rented are done via the MLS. The MLS will tell you averages for the amount of the rent and days on market(DOM) but there will be other homes in the area that the home owner rented themselves.

It would be good to know, regardless if you are buying a home for you to live in as well as to rent, to know what the homes in your area are renting for. However you should know that along with the purchase price, the rent amounts have also gone down. I have three rentals myself and i have lost an average of $200 on rent per month since the housing crisis began. Many investors have picked up homes at such a reduced amounts that they can rent them a lot cheaper and thus quicker than those who have owned their investments for over 5 years.

Valerie Edwards, REALTOR
Premier Real Estate
(702) 371-5533
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0 votes 2 answers Share Flag
Wed Oct 13, 2010
Marina Gulakova answered:
I'd suggest checking the sales statistics to see in what areas people are buying the most. As for the possible future appreciation you can check the past stats for appreciation during the "boom" years or the depreciation stats during the economic downturn (to see which area dropped the prices the least). I hope that answers your question. Let me know if you'd like the stats, I could provide them to you.

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0 votes 3 answers Share Flag
Tue Sep 7, 2010
Ron Johnson answered:

There are no standard blanks for for this. You need an attorney to help you. I have heard that the UNLV law school has a outreach program to help members of the community for free. This program is done by third year students under the supervision of the professors. None of their work leaves until after a professor reviews the work and signs off on it.

Good Luck with your fight.

Ron Johnson
Elite Realty
(702) 595-9743
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0 votes 2 answers Share Flag
Mon Jul 19, 2010
Damon Botticelli answered:
There are too many variables to be able to give a proper answer and address all the potential pitfalls. 

Seller financing is a solution that works only under the right circumstances. You may be putting the cart before the horse to ask for the best scenario for seller financing. As agents, it's our job to listen to your goals (e.g. sell the house), ask questions and gather the information in order to advise you on the best way(s) to achieve that goal.  What I'm trying to say is that I would need to discuss your situation in detail to determine if seller financing is even an option before giving advice on the best way to structure a seller financing deal.

Damon Botticelli
Realty One Group
(702) 523-7713
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0 votes 8 answers Share Flag
Tue Sep 7, 2010
Dp2 answered:
Yes, this is one of my areas of expertise.

Basically, it sounds like the buyer is asking to buy your property subject-to your pre-existing mortgage(s). The property title would transfer to the buyer as it would in a "normal" sale (one in which the buyer purchases the property with cash or conventional financing). ... more
0 votes 7 answers Share Flag
Wed Jul 14, 2010
Heather Peck answered:
It really depends on who the bank is that takes it back. Currently, the properties that are being relisted right away are mostly houses that had government insured loans. That's because the federal government has been restricting the other banks from releasing their bank owned inventory.

If you'd like me to track a specific property for when it become available, don't hesitate to contact me.
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0 votes 2 answers Share Flag
Sat Jul 3, 2010
Sameer Bhatnagar answered:
Bank can take you to court and try to recovering the money. These days I have seen bank forgive what you owe. There is so much government money flowing out there, that banks are forgiving the balance. ... more
0 votes 7 answers Share Flag
Fri Nov 12, 2010
Kellie Saari answered:
Yes. The HOA company can foreclose on your property just as a bank. If you are waiting for a loan modification, I would also try to work something out with the HOA company so you can keep your home.

Thank you
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0 votes 3 answers Share Flag
Sat Feb 11, 2012
Jami Dennis answered:
You should talk to a competent real estate attorney and find an agent to guide you.

Have you tried to renegotiate your loan on the Vegas house yet? You might be able to get a principle reduction and ride this out.

Best of luck!
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