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VietnameseHAFA "GUIDELINES" Please remember that HAFA is a comprensive set of "Guidelines". It is not law. The guidelines are not intended to be a one size fits all either. Each servicer (bank, lender) is currently employing their own version of HAFA. Some have not implemented their own guidlines yet and some are well down the road already. The important facts to remember as a homeowner are that HAFA: Continue Reading
Las Vegas Foreclosures - Page 2
September Market Conditions
SEPTEMBER MARKET CONDITIONS Here are September's market conditions for our Las Vegas market. Inventory is increasing slightly. Prices remain stable. Short sales continue to dominate the market. We expect inventory to continue to grow as demand has decreased somewhat. Stay tuned with us and get the latest updates on the Las Vegas housing situation. Continue Reading
August Market Conditions
AUGUST MARKET CONDITIONS Here are your August Market Conditions. Inventory is slightly increasing in the market. Activity is also slightly off since the tax credit incentive expired. Short Sales continue to dominate our market. Continue Reading
Short Sale Alphabet Soup
SHORT SALE ALPHABET SOUP As a Realtor that takes pride in personal development, I find it important to continually get educated. I have recently taken a number of very comprehensive courses related to Short Sales and I find my head spinning with all of the various acronyms and other abbreviations. Consumers are hearing about HAMP, HAFA, FNMA(fannie mae), FDMC(freddie mac), REO, Prom Note, etc. Continue Reading
Are Short Sales Becoming a Way of Life?
As a Realtor here in Las Vegas, it occurs to me that Short Sales will be a part of our market for a long time to come. Better than 65% of homeowners here in the valley are at a negative equity position in their home and they will be in a situation sometime in the next few years that they will need to sell their home. That means they will either need to write a substantial check upon selling Continue Reading
How to Buy A Foreclosed Home In The Las Vegas Valley
Buying a Foreclosed Home in Las Vegas In working with buyers in the Las Vegas market I have found that we must employ specific strategies to actually get our buyer's offer accepted. Many buyers have to learn these strategies the hard way by trial and error. They usually would like to take a position of offering the bank a substantially lower offer than list price with the hope it will be Continue Reading
