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CALL FOR FREE FORECLOSURE  LIST

702-604-1001

Click Below to search Las Vegas area foreclosures on the MLS.

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Take me to: 2010 First-Time Homebuyers Tax Credit

 

7+ Million Loans Behind On Payments

Approximately 7, 200,000 mortgage loans are behind on payments and 1,000,000 properties are now in REO status and owned by banks, according to the January 2010 report from a large lender processing service company.

Home delinquency rates passed the 10% mark.  The total foreclosure inventory is 3.2%, and the rate combining foreclosures and delinquencies is 13.3%.

The percentage of new serious delinquencies is 4.64%, which is higher than any other year analyzed for the same period.  Of the loans that were up-to-date as of December 31, 2008, by December 31, 2009 there were 2.3 million new loans classified as seriously delinquent.

Prime loans have experienced deterioration at a worse pace on relative basis than subprime, FHA, and all loans as a whole.  Within the prime category, loans with current unpaid principal balances between $417,000 and $600,000 have performed the worst.   However, 2009 loans are performing better than loans from any of the prior 5 years and have been improving as more origination months are added to the pool of loans.   (We may speculate that this phenomenon is because the loans made beginning in 2009 and later are at much lower prices than those in the previous 5 years, at least in the Las Vegas/ Henderson area, are at lower rates, and are more conservatively written than loans in the previous time frame.)





 

 

http://www.vegasreoconnection.com 

 

 

 


 
 

Mike Pristow, Donna Hodge & Associates

News

 
News

Look through our site for information on the first time Homebuyers Tax credit, Up to $8000 for qualified buyers.

 

 

Mike  Pristow, GRI

     Mike Pristow feels as though he was born into Real Estate. In his younger years his family was very actively involved in brokerage and Escrow in the Northern Nevada Real Estate market, including Lake Tahoe, and he assisted in the development of several custom properties.
     After completing High School, Mike spent several years in active duty with the US Air Force, then the reserves.
     Upon leaving the Air Force, Mike became an IT Manager, which brought his family to the South for several years.  Mike transitioned to sales and  enjoyed successful years with his fortune 100 clients, until he decided to return to his first love, Real Estate and Las Vegas.
     Mike is involved in selling both residential and commercial, and also writes commercial leases, is a member of his market center’s Agent Leadership Council and teaches technology classes to assist Realtors across the city.  He is also a member of the Nevada Association of REALTORS® Leadership Group. Mike was selected as a 2007 Five Star Agent and was also named a 2008 Five Star Agent, based on an independent survey of people who had recently used a real estate agnet. Less than 3 percent of the real estate agents in the Las Vegas area were named Five Star Agents.

Donna Hodge, MA, CRS, GRI

     Donna Hodge has been a licensed real estate agent since January 1984.  She has been with Keller Williams Realty
since January, 1997. 
     Donna moved to Las Vegas in the summer of 1960. She graduated from public high school in Las Vegas and earned her Bachelor of Arts Degree from the University of Nevada, Las Vegas, in 1978, and her Master’ of Arts Degree from the same institution in 1983.
     She has two grown sons.  Her husband is a graduate of the University of Nevada, Reno, and is an electrical engineering consultant.
     Donna holds the GRI (Graduate REALTOR® Institute) and CRS (Certified Residential Specialist) designations, from
the National Association of REALTORS®, and has in excess of 1000 hours of continuing real estate education.  She
has received numerous office awards for production, and for team spirit.
     Donna is a member of the UNLV Alumni Association, The Archaeological Conservancy, the Nature Conservancy and a
variety of other organizations.  She knows and loves the Southern Nevada area, from Red Rock Canyon to Mount
Charleston and beyond.
     When not selling real estate, she takes care of her assortment of pets, works on her cabin in the mountains,
reads, and tries to write the “Great American Novel.”
    Donna has a strong commitment to professionalism, and service to her clients.  She has a well-known reputation for
absolute integrity in all her dealings.  She truly believes in the Keller Williams philosophy of "Win-Win or No Deal."    Donna was selected as a 2007 Five Star Agent and was also named a 2008 Five Star Agent, based on an independent survey of people who had recently been involved in a real estate transaction. Less than 3 percent of the real estate agents in the Las Vegas area were named Five Star Agents.

Elizabeth "Liz" Rutherford, REM

     Originally from Texas, Liz Sherley has been a Flight Attendant with Southwest Airlines for 17 years.  She is
currently based out of Las Vegas, Nevada.
     Liz graduated from San Antonio College with a degree in Real Estate Management.  During the savings and Loan
meltdown, she had as many as 261 listings at one time. She worked as Director of Marketing for a new home builder in Nashville, Tennessee, where she personally sold over 300 homes and supervised the sale of hundreds more.
Liz currently lives in Las Vegas with her 10 year old daughter and two dogs.  She is on the Board of Directors of
the Junior League of Las Vegas, a women’s philanthropic organization dedicated to improving lives in the
community.
     She decided that by joining forces with Mike and Donna, she would be able to indulge both her passions, flying and
real estate.  Mike and Donna have the systems in place to assist her reach her goal of providing outstanding
service to her real estate clients.

Nichole Montagano, Assistant

     Nicole Montagano, originally from Northwest Indiana, moved to Las Vegas in 2005. She is an assistant to Mike and Donna, and is also a promotional model. She attends The College of Southern Nevada and plans to obtain her Real Estate license in the near future, to become a REALTOR®. Nicole is eager to learn and become successful. When it comes to work, Nicole is always punctual and professional. Her dedication to "doing it right" makes her the perfect assistant, and her knowledge of computer marketing has made her indispensable in pushing the Teams' listings to hundreds of internet websites.
    Being an only child, Nicole spent a lot of time absorbing knowledge from her elders. In Nicole’s younger years, her parents were involved in the buying and selling of houses, and she developed an early interest in real estate when she helped “fix-up” rental properties that her parents owned.
    When Nicole is not hard at work she enjoys spending time with her beloved fur-children, Scrub and Sadie. Nicole also has a passion for cooking and baking. Nicole played basketball in leagues for seven years, and still enjoys picking the ball up in her free-time. She enjoys watching sports and being outdoors. She loves to fish, hike, swim, ride quads, ski, ride horses, and anything else that will get her adrenaline pumping. She like to try new things, and would love to skydive one day. Nicole loves to stay active, but also enjoys “movie nights.”.

Miss Tootsie

Miss Tootsie is our mascot.  She knows nothing about real estate, but she makes everyone laugh.

 

 

 

 

 

 

 

 

 

 

 

 

Copyright © 2009. Mike Pristow, Donna Hodge & Associates. All Rights Reserved.

Keller Williams Realty, The Marketplace

2230 Corporate Circle #250

Henderson, NV  89074

702-604-1001

                                    

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