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Posts Tagged ‘foreclosure’

Las Vegas Short Sale homes listings

Tuesday, June 28, 2011 @ 07:06 PM
posted by Jonathan Abbinante

Short sales continue to be the mainstream sale in Las Vegas Nevada. Prior to home foreclosure, short sale is the method used to off set the foreclosure process. Currently there are 6400+ short sales on the market throughout the entire Las Vegas Henderson Nevada Real Estate market in the mls listings.  And a high percentage of those short sales will not sell and close, but end up foreclosure sales  inventory.  According to Reality Track, one out of every 100 Nevada homes received a foreclosure notice in May 2011, many of those will end up in the short sale listings inventory prior to the foreclosure.. As we understand a short sale is the bank forgiving the outstanding amount owed on the mortgage note that the sale of the home will did not cover.. example 200k mortgage note,, home sells for market value of 100k ,, there is an outstanding balance of 100k.. The banks can come after home owners for this amount in the state of Nevada , but for the most part will not pursue because they already have reviewed the distressed home owners financial background. The amount that was foregiven does allow the bank to submit an IRS form and tax the home owner on the forgiven portion, but that will only hold if the property was a non owner occupied investment.  Its always best to get the adise of an attorney prior to listing your home as a short sale for sale.  Contact me for information regarding short sale purchase or short selling.

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Great foreclosure deal found in Rhodes Ranch Las Vegas. Guard Gated community along with golf and lush green grounds.  Property features,  3350+sqft, 5bed, 4bath, pool, spa, 3car, two story home, extensive upgrades throughout,over-sized bedrooms, dramatic staircase, wet Bar, fireplace, 6000+ sqft. lot, yr. built 2001.  Offered at  $315,000 bank owned r.e.o.  Real Estate.

 

CLICK ON LINK BELOW TO VIEW HOME

 

http://las.mlxchange.com/Pub/EmailView.asp?r=811985476&s=LAS&t=LAS

 

 

 

 

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Great bank owned foreclosure deal found in Summerlin Village Las Vegas..  Community offers Guard gated, tennis, golf, basket ball, jogging.  Property features, one story,  4500+ sqft. over 18000 sqft. lot. , 3bed 5bath, 3car finished garage .  Lot is located Canyon Fairways. Custom 10 ft doors throughout. Tile and natural stone upgrades. Master  jacuzzi  tub & 2 walk-in Natural stone slate showers for two. Giant closets all bed rooms. Heated pool, Digital water fixtures and “rain”shower heads in addition to white wood flooring in the kitchen.Large Windows, great opportunity. Offered at  $785,000

 

 

 

CLICK ON THE LINK BELOW TO VIEW

 

http://las.mlxchange.com/Pub/EmailView.asp?r=1220639612&s=LAS&t=LAS

 

 

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Luxury Homes guard gated community Spanish Trails. Located 3 miles west of the world famous Las Vegas Strip.. Foreclosure Real Estate deal found!  Property features over 7500+ sqft. , two story, 4bed 7bath,  over 1/4 acre golf course frontage lot!, pool, privately gated within its own cul-de-sac, granite kitchen, built ins, full views of golf course, loft and basement! 3car.  Offered at $899,900  Contact Jonathan Abbinante for a private showing.  Las Vegas Nevada offers the finest in high end Real Estate.

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