http://blogs.wannanetwork.com/comehometolasvegas Just another Wanna Network Real Estate weblog Wed, 10 Dec 2008 17:39:59 +0000 http://backend.userland.com/rss092 en A recent article in the Las Vegas Review Journal  saying a national study puts Las Vegas near the bottom at 18.8% below market value.  Housing economist are not surprised at the drop of property values in Las Vegas in 2008.  "it is common for markets that enjoyed steep rises in values as ... http://blogs.wannanetwork.com/comehometolasvegas/2008/12/10/las-vegas-homes-undervalued/ When the 2009 Legislative Session starts the Nevada Home Owner Association's are going to be there.  They are very angry at the lenders of foreclosed homes.   The homeowners before they have to abandon the homes stop paying their homeowners dues.  Then they abandon the property and the foreclosure process can take ... http://blogs.wannanetwork.com/comehometolasvegas/2008/12/05/las-vegas-hoas-fighting-mad/ According to Chris Biaggi President of All Western Mortgage, the hot new thing (not new) will be loan modifications. With millions of homeowners stuck in adjustable rate mortgages and unable to refinance, loan modifications will be the HOT BUTTON of the mortgage industry in the coming year of 2009.  They can also ... http://blogs.wannanetwork.com/comehometolasvegas/2008/12/05/las-vegas-modified-loans-may-help/ No matter what National Headlines say when it comes down to Real Estate it is all local.  Las Vegas has been very hard hit with Foreclosures.  One of the highest in the nation.  However there are so many fantastic buys right now.  There are programs forming for first time home ... http://blogs.wannanetwork.com/comehometolasvegas/2008/11/21/las-vegas-real-estate-its-a-local-game/ When you first moved into your home and were getting unpacked all this mail started arriving that pointed to water softeners and other such stuff.  There were also a lot of flyer's sent telling you to SIGN UP FOR YOUR HOMESTEAD Exemption BEFORE IT'S TOO LATE! In today's economic times a ... http://blogs.wannanetwork.com/comehometolasvegas/2008/11/21/las-vegas-homestead-exemptions-rise/ For months I have wondered about a bank I could see from the 215 freeway in the west part of the valley.  So Sunday morning on my way around towards the airport I stopped and took some pictures.  I was determined to satisfy my curiosity and  find out just what ... http://blogs.wannanetwork.com/comehometolasvegas/2008/11/12/las-vegas-bank-with-unique-name/ HUD Approves Single National Loan Limit of $417,000 for Reverse Mortgage Program WASHINGTON, DC – The National Reverse Mortgage Lenders Association announced today that the Department of Housing and Urban Development (HUD) approved a single national loan limit of $417,000 for federally insured Home Equity Conversion Mortgage (HECM) reverse mortgages. The new, ... http://blogs.wannanetwork.com/comehometolasvegas/2008/11/06/las-vegas-reverse-mortgages-good-or-bad/ Wachovia Corp which is being acquired by Wells Fargo is suing 6 home builders for failed Nevada developments.  The builders being sued are KB Homes, Toll Brothers, Lennar Corp, Pulte, Meritage Homes and the Ryland Group. Wachovia said, " Focus Kyle land developers and eight home builders (2 of which were ... http://blogs.wannanetwork.com/comehometolasvegas/2008/10/31/banks-seeking-358-million-over-failed-nevada-development/ Down payment assistance is still available to first time homebuyers.  When the Nehemaih program went way HUGS kicked in as of September.  HUGS started last Jan. and stands for Help Us Give To Our Schools.  It was a program set up for Clark County District Emplyee's.  But as of Sep. it is ... http://blogs.wannanetwork.com/comehometolasvegas/2008/10/25/hugs-now-open-to-first-time-home-buyers/ I read an article this morning from some real estate advisers.  They say that the confidence of the American people is in the toilet.  They say the 700 billion dollar bailout is positive and is not a quick fix, that it will take months and months.   What I did object ... http://blogs.wannanetwork.com/comehometolasvegas/2008/10/18/impact-facts-and-fiction/