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702-604-1001 Click Below to search Las Vegas area foreclosures on the MLS.
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
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Services For Buyers and SellersNews
2009 FIRST TIME HOMEBUYER TAX CREDIT
Welcome to our Home Sellers Resource page for the Las Vegas/Henderson/Clark County, Nevada area. In it you can learn why you should choose a Certified Residential Specialist. Take a moment to learn why you should choose Mike Pristow, Donna Hodge & Associates. You can learn why you should talk to us before going into a new model home. You can see a flow chart demonstrating the home selling process. We have included some tips to preparing yourself and your home to sell, discuss common real estate myths, home pricing guidelines and offer 14 suggestions to our sellers. We are experts at selling homes. We can show you how we market with color flyers, and how we will increase our response through our Home Information boxes. Other marketing tools included are our Drive By Tour, and information about our internet marketing. To make your move as easy as possible, we have included a change of address checklist, tips on packing, and garage sale tips. Our Fair Housing Declaration shows our commitment to provide equal professional service without regard to race, color, religion, sex, handicap, familial status, or national origin of any prospective client, customer, or of the residents of any community. These documents have been prepared based on selling Las Vegas real estate, but most will apply to property anywhere in the United States. BuyersWelcome to our Home Buyers Resource page.
It is important that you know that almost all new home builders in the Las Vegas
Valley will cooperate with an outside agent who brings a buyer to them. In it you can learn why
you should not go inside a new or model home without representation, and see
a
flow chart demonstrating the home buying process. We'll
provide you with a
Las Vegas Area Zip Code Map
to better home in on the address you prefer, and a
Greater Las Vegas Association of REALTORS®
area map to show you the major areas
used by the GLVAR members.
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