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CALL FOR FREE FORECLOSURE LIST

702-604-1001

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

For the week of November 2, 2011, data is obtained from the Greater Las Vegas Association of Realtors MLS.

Single Family Residence (SFR)
Available – 10,407 (-190, Last Week 10,597)
Under Contract – 10,719 (-245, Last Week10,964)
Days of Supply – 29 (+0, Last Week 29)
Short Sales – 12,010 (-159, Last Week 12,169)

Condominiums and Town Homes (CONDO/TH)
Available – 1,877 (-50, Last Week 1,927)
Under Contract – 2,129 (-88, Last Week 2,217)
Days of Supply – 26 (+0, Last Week 26)
Short Sales – 2,206 (-51, Last Week 2,257)

Combined SFR + CONDO/TH
Available – 12,284 (-240, Last Week 12,524)
Under Contract – 12,848 (-333, Last Week 13,181)
Days of Supply – 29 (+0, Last Week 29)
Short Sales – 14,216 (-210, Last Week 14,426)

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What is the Nevada Transfer Tax?

The Nevada Transfer Tax is collected at the time of a sale. It is based on the sale price of the house. The current rate is 0.0051, or $5.10 per $1000, in Clark County. There are some exemptions to payment of this tax when the property is transferred, and these exemptions are spelled out in the Nevada Revised Statutes..

1.) Transfer between affiliated business entities with idential common ownership.

2.) Transfer to a government entity.

3.) To recognize the true status-must show complete explanation on Declaration of Value form (i.e. re-record to correct a legal description.)

4.) To remove a co-owner or joint tenant without consideration.

5.) To transfer between parents and children or spouse to spouse -must state relationship on the Declaration of Value (i.e. from mother to son, or from parents to daughter and son-in-law: sibling to sibling does not work.)

6.) To transfer between spouses in compliance with a divorce decree (divorce decree required.)

7.) To transfer without consideration to or from a trust (some guidelines apply.)

8.) To transfer UNPATENTED mineral claims (patented claims are taxable and have an APN.)

9.) To transfer to a business entity of which the grantor is 100% owner.

10.) To transfer real property by deed upon the death of grantor pursuant to NRS 111.109.

11.) To transfer in compliance with bankruptcy proceedings, a,b,c (proceeds must go to bankruptcy-BK number required.)

12.) Transfer in compliance with a Securities and Exchange Commission Order.

13.) To transfer to a Nevada educational foundation, grades K-12 (must comply with NRS 388.750 Nevada school for Nevada kids.)

14.) To transfer to a Nevada University foundation. (must comply with NRS 388.405 Nevada school for Nevada kids.)

Some of these exemptions require supporting documentation, and all must be stated on the Declaration of Value page. If you have questions, check with the Clark County Nevada Recorder's Office: 702-455-4336.